Product lifecycle
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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.
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|| Product Life Cycle|| Product Lifecycle Management || [[Marketing]] & [[Sales]] || [[Engineering]] || [[ Logistics]] || [[Finance]]
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| Development
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| Introduction
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| Growth
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| Mature
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| Decline
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| Conceive
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| Design
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| Realize
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| Service
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| [[Ideation (idea generation)]]
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| [[Advertising]]
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| [[Sales|Selling]]
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| Sales Order processing
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| Ideation
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| Concept Design
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| Detailed Design
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| Tool Design
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| Production Planning
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| [[Manufacturing|Manufacture]]
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| [[Maintenance, repair and operations|Maintenance]]
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| [[Redesign]]
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| [[Recycling]]
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| .
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| Sourcing
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| Procurement
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| Purchasing
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| Stock control
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| Delivery
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| Spare Parts
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| [[Investment]]
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| [[Cash flow]]
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| PO SO admin
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| Return
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==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]]