Product Life-Cycle Management (PLM) is a significant marketing concept that refers to the process of managing a product through all stages of its life, from inception, through engineering design and manufacture, to service and disposal. This concept is based on the fact that every product has a limited life and goes through various stages, each requiring different marketing strategies. The primary goals of PLM include reducing time to market, enhancing product quality, cutting prototyping costs, identifying potential ventes[2] opportunities, maintaining operational serviceability, and minimizing environmental impacts at the product’s end-of-life. PLM also involves strategies for extending a product’s life cycle, such as publicité[1], market expansion, price reduction, feature addition, and packaging changes. Understanding the characteristics of each stage of the product life cycle, from introduction to decline, is crucial in this process. PLM has been the subject of extensive studies and scholarly work, with various resources available for further understanding.
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Product life-cycle management (PLM) is the succession of strategies by business management as a product goes through its life-cycle. The conditions in which a product is sold (advertising, saturation) changes over time and must be managed as it moves through its succession of stages.
