Product Lifecycle Management: A Sustainable Business Strategy for Enhancing the Competitiveness of Companies

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Provided by: International Journal of Latest Trends in Engineering and Technology (IJLTET)
Topic: Enterprise Software
Format: PDF
In the modern business conditions companies are facing with very serious competition, so they are forced to invest great efforts to ensure high satisfaction of their customers and thus ensure product success. In the described circumstances, the innovative Product Lifecycle Management (PLM) can become a survival factor of companies in the market. This paper proposes a scenario of product lifecycle management, as an pioneering business strategy based on the study of business drivers, industry requirements, limit of current solution, and recent state-of-the-art review in the realm related to product lifecycle management.
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