From Wikipedia, the free encyclopedia
Product lifecycle or product life cycle is the course of a product's sales and profits over time. The five stages of each product lifecycle are product development, introduction, growth, maturity and decline.[1]
Product Life Cycle (PLC) deals with the life of a product in the market with respect to business or commercial costs and sales measures. [[Product Lifecycle Management]] (PLM) deals with managing descriptions and properties of a product through its development and useful life, mainly from a business or engineering point of view.
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Product Life Cycle |
Product Lifecycle Management |
Marketing & Sales |
Engineering |
Logistics |
Finance |
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PLC |
PLM |
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| Development |
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| . |
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| Introduction |
| Growth |
| Mature |
| Decline |
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| Conceive |
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| Design |
| . |
| Realize |
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| Service |
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| Sourcing |
| Procurement |
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| Purchasing |
| Stock control |
| Delivery |
| Spare Parts |
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[edit] See also
[edit] Notes and references
- ^ Kotler, Philip; Gary Armstrong (1989). Principles of Marketing, fourth edition (Annotated Instructor's Edition). Prentice-Hall, Inc., 639 (glossary definition). ISBN 0137061293.
