Independence Day: Resurgence (2016) Hindi Dubbed
We always knew they were coming back. Using recovered alien technology, the nations of Earth have collaborated on an immense defense program to protect the planet. But nothing can prepare us for the aliens’ advanced and unprecedented force. Only the ingenuity of a few brave men and women can bring our world back from the brink of extinction.
Genre: Action, Adventure, Dual Audio, Sci-fi, Science Fiction
Director: Roland Emmerich
Actors: Bill Pullman, Jeff Goldblum, Jessie T. Usher, Judd Hirsch, Liam Hemsworth, Maika Monroe, Sela Ward, Vivica A. Fox, William Fichtner
Country: USA
What Is Product Lifecycle Management (PLM)?
Product lifecycle management (PLM) refers to the handling of a good as it moves through the typical stages of its product life: development and introduction, growth, maturity/stability, and decline.
This handling involves both the manufacturing of the good and the marketing of it. The concept of product life cycle helps inform business decision-making, from pricing and promotion to expansion or cost-cutting.
KEY TAKEAWAYS
- Product lifecycle management (PLM) handles a firm's approach to the various phases of a product's development through to its ultimate decline.
- PLM involves all stages, including the development and manufacturing of a product, to its marketing and customer segmentation.
- The main benefits of PLM include shortening product development times, knowing when to ramp up or reduce manufacturing efforts, and how to focus marketing efforts.
Understanding Product Lifecycle Management (PLM)
Effective product life cycle management brings together the many companies, departments, and employees involved with the product's production to streamline their activities, with the ultimate goal of producing a product that outperforms its competitors, is highly profitable, and lasts as long as consumer demand and technology permit. It goes well beyond just setting up a bill of materials (BOM).
PLM systems help organizations cope with the increasing complexity and engineering challenges of developing new products. They can be considered one of the four cornerstones of a manufacturing corporation's information technology structure, the others being the management of communications with their clients (customer relationship management [CRM]), their dealings with suppliers (supply chain management [SCM]), and their resources within the enterprise (enterprise resource planning [ERP]).
Identifying which stage of its life cycle a product is in determines how it will be marketed. A new product (one in the introduction stage), for example, needs to be explained, while a mature product needs to be differentiated. PLM can affect more fundamental elements of a product, too. Even after it reaches maturity, a product can still grow—especially if it is updated or augmented in some way.
Benefits of Product Lifecycle Management
Sound product lifecycle management has many benefits, such as getting the product to market faster, putting a higher quality product on the market, improving product safety, increasing sales opportunities, and reducing errors and waste. Specialized computer software is available to assist with PLM through functions such as document management, design integration, and process management.
Other benefits include:
- Improved product quality and reliability
- Reduced prototyping costs
- More accurate and timely , i.e., solicitations from suppliers
- Quick identification of sales opportunities and revenue contributions
- Savings through the reuse of original data
- A framework for product optimization
- Reduced waste
- Improved ability to manage seasonal fluctuation
- Improved forecasting to reduce material costs
- Maximized supply chain collaboration
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