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USN 4KV16ME051
8th B sec
Mechanical Engineering Dept.
KVGCE
PRODUCT LIFE CYCLE MANAGEMENT
ASSIGNMENT 1
1. Explain Product Life Cycle Management
Product Lifecycle Management (PLM) is the business activity of managing, in
the most effective way, a company’s products all the way across their lifecycles; from
the very first idea for a product all the way through until it is retired and disposed of.
PLM is the management system for a company’s products. PLM manages the whole
product range, from individual part through individual product to the entire portfolio
of products.
At the highest level, the objective of PLM is to increase product revenues,
reduce product-related costs, maximise the value of the product portfolio, and
maximise the value of current and future products for both customers and
shareholders.
There are five phases in the product lifecycle . In each of these five phases, the
product is in a different state. During the ideation phase, the product is just an idea in
people’s heads. During the definition phase, the ideas are being converted into a
detailed description. By the end of the realisation phase, the product exists in its final
form (for example, as a car) in which it can be used by a customer. During the
use/support phase, the product is with the customer who is using it. Eventually the
product gets to a phase in which it’s no longer useful. It’s retired by the company, and
disposed of by the customer.
PLM is the business activity of managing, in the most effective way, a
company’s products all the way across their lifecycles. It includes activities such as
the organisation and co-ordination of product-related resources and tasks.
Benefits of PLM :-
● Data vault and document management - PDM systems consist of central locations,
referred to as data vaults, used in the control of all types of product information. Data
vaults are either physical locations in the file system (any kind of folder or directory)
or databases. They provide data access control, data security, and integrity.
When a PDM system is deployed in an organization or in a project, the system
administrator must define how the data vaults are to be used. When the user checks
out a document, it will be under PDM control in a work location—a personal physical
file location. Only one specific user is permitted to read and write in this work
location. Any change made in the document here will not be visible to other users.
The document may be changed several times before it will be checked in again into
another data vault, the work in process (WIP) vault. All of the members of the project
team are provided with access to the WIP vault for viewing or altering the information
it contains.
The range of possible PLM Initiatives is very wide. The PLM Initiative of a particular
company may fall anywhere in the range between “supremely strategic” and “totally
tactical”. For a company with little knowledge or experience of PLM, a feasibility study can
be a good way to find out what type of approach, and what level of response, is appropriate.
Different options have different costs and different benefits. Examining different
options will make it clear to everybody concerned what the PLM Initiative is going to
address, what it’s likely to cost, and what it’s expected to achieve. It’s important to make
clear to everybody concerned just what the PLM Initiative is expected to achieve. The results
of different approaches are very different. There’s a danger that some people will expect
strategic results from a tactical approach and a tactical investment. But that’s unlikely to
happen.
In the Feasibility Study, the activities for each of the four options are similar:
• document the name, the objectives and the scope of the option .
• identify the benefits of achieving the objectives, and estimate their financial value.
• identify the activities and effort required to achieve the objectives, and estimate their cost.
• create the business case; create an outline plan for implementation of the activities
identified.
In the domain of the management of a company’s products, the paradigm also changed. A
new paradigm, the PLM Paradigm, emerged in the early 21st Century.
● Span of Interest - With the change to PLM, the company’s span of interest about the
product changed from “Design to Factory Gate” to “Complete Product Lifecycle”.
With PLM, a company manages its products all the way across their lifecycles, from
the very first idea through to retirement and disposal. The paradigm fits to
environmental requirements and Circular Economy concepts.
● Value of Product Data - Product data is all the data about products. With PLM,
product data is seen as being of high value. It’s Intellectual Property. It’s a strategic
corporate asset. There are security procedures to protect it.
Under the previous paradigm, the concept of “product data” didn’t exist. Data
belonged to departments, so there was Engineering data, Manufacturing data,
After-Sales data. Part of this data was blueprints. Often they’d be kept in a
departmental store, out of the way, maybe in a cellar. Managing the Engineering
drawing store was seen as low-level, something for people who weren’t good at
designing new products.
● Management Approach - The previous paradigm was departmental. This was a great
way to control the company, but not to operate it. It separated people into many
independent specialised groups, all focused on different tasks or activities. With the
previous paradigm, there wasn’t a holistic approach. There was an atomistic approach.
Companies didn’t manage products in a joined-up way across.
Activities such as Product Data Management (PDM) and Business Process
Management (BPM) focused on one particular resource. The objective was to do one
thing at a time.
● Focus - With the emergence of PLM, the focus changed. The focus of the PLM
paradigm is the product. That’s what the customer buys. Products are the source of a
company’s revenues. Corporate revenues result from product sales. Products are
important! There’s little in a company more important than its products, and the
management of their development and use. Without those products, there will be no
customers and no revenues. With PLM, the rule is “focus on the product and the
customer”. Customers buy great products.
In the previous paradigm for managing products, there wasn’t an agreed focus.
Some people were focused on doing Great Engineering. Others on interdepartmental
dogfights, or cost-cutting. Others on listening to the Voice of the Customer. However,
companies can have all the knowledge in the world about their customers, and what
the customers have said, but they won’t get a sale without a competitive product.
PDM system containing both a metadata database and data items managed by the
system but stored in an ordinary file system. The figure also depicts an example of metadata
stored in a business item. Note the reference to the data item file location.
Figure shows an example of PDM architecture. The example shows how a corporate
server stores common information used by other servers. This information in the corporate
server defines what the other servers must be able to access and what kind of data they may
modify. The corporate server information also includes the location of all other servers in the
network. The local area server provides services to networks geographically separated from
the corporate server. Locally, a workgroup server runs one or more database servers. The
purpose of the workgroup server is to provide better performance when the data is stored
locally. The workstation runs the client software. In another solution, the server runs the
client application, and in this case the client is only a Web browser.