Here is the synopsis of our sample research paper on Product Life Cycle Management. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 7 page paper answers three questions. The first section briefly describes the information management issues that make product life cycle management systems a vital corporate system in many companies. The second section looks at the major capabilities that the vault of a PLM system provides and the third section describes the functionality of a workflow system based on the Workflow Management Coalition Reference Model and considers the benefits this system provides in the context of a change management or review/approvals process. The bibliography cites 6 sources.
Page Count:
7 pages (~225 words per page)
File: TS14_TEPLMworkflow.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
management of this process. However, this is an over simplification and we can look to Williams, (2005), who takes a definition from the Daratech website. This is a more complete,
if not in depth definition of product lifecycle management (PLM) which is stated to be "In its simplest form, PLM is an integrated IT environment that allows manufacturers to create,
manage, store and share product data throughout the concept, design, build and life stages of the product value chain" (Williams, 2005; 50). To appreciate the scale of this we
need to look at the lifecycle itself and the information needed at each stage, also remembering that information may be sensitive and need protecting as well as adding value.
The way in which the products and services are developed and the way fashions and sales of products, or services, sell can be
seen as cyclic. There starts with the development stage when it s not on the market and then when sales begin these starting low with the introduction increasing to a
peak and then dropping off again. This is known as the product life cycle. The length of a lifecycle will depend on the product, for example film merchandising may have
a lifecycle as short as ninety days, whereas the motor vehicle has a life cycle that is more than a hundred years old and still going strong (Chi and Lui,
2001). The life cycle of a product has five stages, development, market introduction, market growth, market maturity and market decline. The
development of a product is the time when it is being developed and not available to be purchased. It is at this stage that there is the greatest amount of
...