Product lifecycle

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The product lifecycle goes though many phases and involves many professional disciplines and requires many skills, tools and processes. Product life cycle management (PLC) deals with the life of a product in the market with respect to business/commercial costs and sales measures. Product Lifecycle Management (PLM) deals with managing descriptions and properties of a product through its development and useful life, mainly from a business/engineering point of view.

	Product life cycle management	Product Lifecycle Management	Marketing & Sales	Engineering	Logistics	Finance
	PLC	PLM
T i m e l i n e	. . Development . . . Introduction Growth Mature Decline	Conceive . Design . Realize . Service .	Ideation . . . Advertising . Selling Sales Order processing . . .	Ideation Concept Design Detailed Design Tool Design Production Planning Manufacture Maintenance Redesign Recycling	. Sourcing Procurement . Purchasing Stock control Delivery Spare Parts	. Investment . . . Cash flow PO SO admin . Return

[edit] See also

• Product management
• Technology lifecycle
• Toolkits for User Innovation

[edit] External links

• Product Life cycle