858-386-0013 ⋅  email Connect With Us!
  • WHY JPK?
  • OUR SERVICES
    • Customizable Trainings
    • Best Practice Summits and Forums
  • WEBCASTS
    • Implementing Analytics Webcast Series
  • FORUMS AND SUMMITS
    • Analytics
      • 2019 Implementing Analytics Academy – San Francisco
    • Business Forecasting
      • 2019 Business Forecasting and Analytics Forum – San Francisco
    • Financial Forecasting, Planning and Analysis
      • 2019 Financial Forecasting and Transformation Summit – San Francisco
    • Product Strategy and Experience
      • 2019 Product Strategy and Experience Forum – San Francisco, March 27-28
    • Competitive Intelligence
      • Competitive Intelligence and Product Strategy Summit – San Francisco, March 27-28
    • Demand Planning, Forecasting and S&OP
      • 2019 Demand Planning, Forecasting and S&OP Summit – San Francisco, March 25-26
  • INSIGHTS BLOG
  • CART
Home > Blog > Employ a Systematic Approach to Product Management

Employ a Systematic Approach to Product Management

February 12, 2018

JPK GroupProduct lifecycle management (PLM) involves the task of managing the entire lifecycle of a product from the beginning, through engineering design and manufacturing, to service and disposal of manufactured products.

Product lifecycle management can be looked at as a place to store information that affects a product and a means of communication with marketing, manufacturing, engineering and service. The product lifecycle system is where all product information from marketing and design intercept.

Benefits include:

  • Faster time-to-market
  • Fewer errors
  • Higher productivity
  • Greater design efficiency
  • Better product quality
  • Decreased cost of new product introduction
  • Better reporting and analytics

Efficient product lifecycle management has many benefits, including swiftly getting the product to market, establishing a higher quality product on the market, increasing product safety, creating more sales opportunities and decreasing errors and waste. Special computer software is available to assist with product life cycle management through functions such as document management, design integration and process management.

Incorporating product lifecycle management in your organization will provide a systematic approach to managing a product’s lifecycle from inception to disposal. It will help serve as a product’s backbone by incorporating human skills, data and business processes.

Click here to register for an upcoming summit.

Filed Under: Blog, Operations Planning, Product Tagged With: Product lifecycle management

Share on Facebook
Facebook
Share on LinkedIn
Linkedin
Tweet about this on Twitter
Twitter
Email this to someone
email

Connect with us to participate in the conversation!

  • (c) 2018, JPK Group. All rights reserved.
  • Manage My Account
  • Our Cancellation & Privacy Policy