Podcast
Questions and Answers
Which of the following is NOT a goal of product life cycle management (PLM)?
Which of the following is NOT a goal of product life cycle management (PLM)?
- Identifying potential sales opportunities
- Reducing time to market
- Improving product quality
- Increasing prototyping costs (correct)
What does product life cycle management (PLM) integrate?
What does product life cycle management (PLM) integrate?
- Customers, markets, and competitors
- Supply chain enterprise
- People, data, processes, and business systems (correct)
- Advertising and saturation
What are the conditions that change over time and must be managed in product life cycle management (PLM)?
What are the conditions that change over time and must be managed in product life cycle management (PLM)?
- Product quality
- Advertising and saturation (correct)
- Prototyping costs
- Sales opportunities
What is one of the benefits of product life cycle management (PLM)?
What is one of the benefits of product life cycle management (PLM)?
To create successful new products, what must the company understand?
To create successful new products, what must the company understand?
Flashcards
What is product life cycle management (PLM)?
What is product life cycle management (PLM)?
A system that manages the entire life cycle of a product, from conception to retirement, focusing on efficiency, collaboration, and data integration.
What are the goals of PLM?
What are the goals of PLM?
PLM aims to optimize product development, manufacturing, and distribution while minimizing costs and environmental impact.
What does PLM integrate?
What does PLM integrate?
PLM brings together various elements like people, data, processes, and systems to ensure a well-coordinated product lifecycle.
What conditions change over time in PLM?
What conditions change over time in PLM?
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What is a benefit of PLM?
What is a benefit of PLM?
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