Product Lifecycle Management
[/ˈprɒdʌkt ˈlaɪfsaɪkəl ˈmænɪdʒmənt/]
noun
Gestão do Ciclo de Vida do Produto
1. A business approach that manages the entire progression of a product from its conception, through design and manufacture, to service and disposal
Product Lifecycle Management helps companies reduce costs and improve efficiency across all stages of product development.
A Gestão do Ciclo de Vida do Produto ajuda as empresas a reduzir custos e melhorar a eficiência em todas as etapas do desenvolvimento do produto.
2. An integrated system that combines software, hardware, and organizational processes to manage product information and related processes
The manufacturing firm implemented a comprehensive Product Lifecycle Management system to streamline collaboration between departments.
A empresa de manufatura implementou um sistema abrangente de Gestão do Ciclo de Vida do Produto para agilizar a colaboração entre departamentos.
3. A strategic approach that encompasses planning, design, production, distribution, and end-of-life management of products
Effective Product Lifecycle Management ensures that sustainability is considered at every stage of product development.
Uma Gestão do Ciclo de Vida do Produto eficaz garante que a sustentabilidade seja considerada em todas as etapas do desenvolvimento do produto.
Product Lifecycle Management is a critical concept in modern manufacturing and technology industries, particularly prominent in Brazil's industrial sector (São Paulo) and Portugal's manufacturing landscape. In the USA, PLM is standard terminology in Fortune 500 companies, automotive, aerospace, and pharmaceutical industries. The term reflects the shift from siloed departmental approaches to integrated, collaborative product development strategies that emphasize efficiency, sustainability, and data-driven decision-making.
Related Idioms & Phrases
from cradle to grave (referring to managing a product from inception to disposal)
end-to-end product management
product maturity curve
product roadmap
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