Product lifecycle 240484 213240761 2008-05-18T13:24:29Z Tosaka1 5268276 +interlang '''Product lifecycle''' or '''product life cycle''' is the course of a [[product (business)|''product's]] sales and profits over time. The five stages of each product lifecycle are product development, introduction, growth, maturity and decline.<ref>{{cite book |last=Kotler |first=Philip |coauthors=Gary Armstrong |title=Principles of Marketing, fourth edition (Annotated Instructor's Edition) |publisher=Prentice-Hall, Inc. |date=1989 |pages=639 (glossary definition) |isbn=0137061293}}</ref> [[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. {| border="1" align="center" | || Product Life Cycle|| Product Lifecycle Management || [[Marketing]] & [[Sales]] || [[Engineering]] || [[ Logistics]] || [[Finance]] |- | || PLC || PLM |- | {| align="left" | T |- | i |- | m |- | e |- | l |- | i |- | n |- | e |} | {| border="0" align="center" | . |- | . |- | Development |- | . |- | . |- | . |- | Introduction |- | Growth |- | Mature |- | Decline |} | {| border="0" align="center" | Conceive |- | . |- | Design |- | . |- | Realize |- | . |- | Service | . |- |} | {| border="0" align="center" | [[Ideation (idea generation)]] |- | . |- | . |- | . |- | [[Advertising]] |- | . |- | [[Sales|Selling]] |- | Sales Order processing | . |- | . |- | . |- |} | {| border="0" align="center" | Ideation |- | Concept Design |- | Detailed Design |- | Tool Design |- | Production Planning |- | [[Manufacturing|Manufacture]] |- | [[Maintenance, repair and operations|Maintenance]] |- | [[Redesign]] |- | [[Recycling]] |} | {| border="0" align="center" | . |- | Sourcing |- | Procurement |- | . |- | Purchasing |- | Stock control |- | Delivery |- | Spare Parts |} | {| border="0" align="center" | . |- | [[Investment]] |- | . |- | . |- | . |- | [[Cash flow]] |- | PO SO admin |- | . |- | Return |} |} ==See also== {{wiktionary|life cycle}} * [[Product management]] * [[Technology lifecycle]] ==Notes and references== {{Reflist}} [[Category:Product management ]] [[fr:cycle de vie (commerce)]] [[ja:製品ライフサイクル]]