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- W4366989063 abstract "In this competitive era, organizations provide better consumer-centric products and services, improved market share and size, and consistently growing profits. Nevertheless, the global competition has increased the challenges in terms of prices, shorter lifecycle, more customized demand, complex products, the entrance of more suppliers, and strict government regulations; at present, these all have increased the numerous obstacles to manufacturers. Therefore, Product Lifecycle Management (PLM) has become a vital tool in getting a competitive advantage by creating and providing better quality products at less time and competitive price, sustainably achieving a compelling cost advantage. PLM supports the management to control the portfolio of the products and services, processes from the beginning of the concept, product designing, engineering, production, launch, and uses to disposal of the product. To cope with the global competition, organizations have to amalgamate PLM with technology such as Computer-Aided Design (CAD), Manufacturing Process Management (MPM), Computer-Aided Manufacturing (CAM), and Product Data Management (PDM); this systematic way helps in enabling the online sharing of product data as well as business applications. This coordinates and unifies the products, services, processes, and project data across the entire lifecycle among numerous external and internal players of an organization. This chapter discusses various aspects of the PLM, its process and workflows, PLM strategy and implementations, process modelling, modelling using UML, system architecture, Product data throughout the product lifecycle, Model-based systems engineering, and systems description techniques. These models help get insights about the application of PLM in the manufacturing industry and help PLM apply its concepts systematically for managing the product-related information and processes across the value chain of a product. Such as Unified Modelling Language (UML) is a graphical modelling language used for specialized graphical presentation of business and system software; Product Data Management (PDM) directly deals with the centralizing data of a product; System Architecture is an abstract, global, conceptualized, and focused process in achieving the lifecycle concepts and mission of the system etc. PLM in the manufacturing industry connects the manufacturers and their stakeholders in a digital cloud-based environment; as a result, the manufacturer can run production much faster to meet customer demand timely." @default.
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- W4366989063 date "2023-04-24" @default.
- W4366989063 modified "2023-10-01" @default.
- W4366989063 title "Product Life Cycle" @default.
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- W4366989063 doi "https://doi.org/10.1002/9781119865216.ch10" @default.
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