Product Lifecycle Management (Industrial Engineering and Management)

Product Lifecycle Management (PLM) is a comprehensive strategy that organizations use to manage every stage of a product’s life, from initial design through to its eventual end-of-life phase. It encompasses the organization and coordination of data, workflows, and collaborations among various departments and stakeholders engaged in the product’s development and manufacturing. The goal of PLM is to streamline processes, shorten the time required to bring products to market, enhance product quality, and ultimately boost profitability. This book is intended for professionals in the fields of production, energy, engineering, information science, mathematics, and economics, and researchers who wish to develop new skills in outsourcing or who employ the outsourcing discipline as part of their work. The authors of this volume describe their original work in the area or provide material for cases and studies successfully applying the outsourcing discipline in real-life cases and theoretical approaches.