Abstract
Across manufacturing industries, companies are innovating to meet the challenges of global competition, such as short product development and delivery times, growing customer needs, tighter regulations and legislation. A product’s life-cycle is characterized by a sequence of stages that reflect the competitive environment: introduction, growth, maturity and decline. Product life-cycle management (PLM) systems enable the ‘3Ps’ (people, processes and product data) to be integrated across the extended enterprise, helping to manage the complexities of product that is created, sourced and retailed globally, enabling reduced product cost, time to market and improved quality.
| Original language | English |
|---|---|
| Title of host publication | A Circular Economy Handbook |
| Subtitle of host publication | How to Build a More Resilient, Competitive and Sustainable Business |
| Editors | Catherine Weetman |
| Publisher | Kogan Page |
| Chapter | 11 |
| Pages | 357-361 |
| Number of pages | 5 |
| ISBN (Electronic) | 9781789665321 |
| ISBN (Print) | 9781789665338, 9781789665314 |
| Publication status | Published - 3 Jan 2020 |