Product Lifecycle Management: Closing the Knowledge Loops

Farhad Ameri · Deba Dutta

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Product Development and Customization Manufacturing Process and Optimization Design Education and Practice

Abstract

Competitive success of manufacturing firms is by and large determined by the success of the products they introduce to the market.This is why companies continuously try to improve the efficacy of their product realization process.Product Lifecycle Management (PLM) is a business solution which aims to streamline the flow of information about the product and related processes throughout the product's lifecycle such that the right information in the right context at the right time can be made available.Yet, few organizations are positioned to reap the true benefits of PLM.One major reason for this is a lack of clear understanding of what PLM is, its core features and functions, and its relationship to the myriad of current software tools.This paper aims to do that and also elaborates on the role of PLM as a knowledge management system.

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References

1998Competitive advantage: creating and sustaining superior performance 1998The Competitive Advantage of Nations 1993Idea gaps and object gaps in economic development 1997Success Factors for Integrating Suppliers into New Product Development 1994Beyond World-Class : The New Manufacturing Strategy 1995The second Toyota paradox: How delaying decisions can make better cars faster 1997Success factors for integrating suppliers into new product development*1

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