Asian Journal of Engineering and Technology Innovation

Product Lifecycle- Knowledge Management

Sankalp Vivek Giridhar , Kakandikar Ganesh M.

^aMechanical Engineering-Design, Dnyanganga College of Engineering & Research, Narhe, Pune (University Of Pune)

^bMechanical Engineering, Dnyanganga College of Engineering & Research, Narhe, Pune

Abstract

Every company in the market demands profits. These profits are gained only when there is proper understanding between each section of the company before and after launch of any specific product. This requirement in companies brought a new concept of Product Lifecycle Management. PLM is one of the four cornerstones of a corporation's information technology structure. PLM sector in the companies allow them to manage communications and information with their customers (CRM-customer relationship management), their suppliers (SCM-supply chain management), their resources within the enterprise (ERP-enterprise resource planning) and their planning (SDLC-systems development life cycle). It is accepted globally, that using a tool “PLM” allows companies to achieve their targets quite easily. Present seminar discusses about various aspects of PLM. In momentary terms using such a technique in companies can lead to systematic approach to every problem along with huge development in every sector.

Keywords:

new product development and introduction (NPDI), Product Life Cycle Management (PLM), Knowledge Management