Short answer
Adopt a comprehensive PLM strategy that considers all stages of a product's life, from initial concept to end-of-life, to ensure market responsiveness and sustainability.
- Field
- Innovation & Design
- Source
- Journal of Industrial Engineering and Management (2010)
- Method
- Literature Review
- Evidence
- Moderate effect
A holistic approach to Product Lifecycle Management (PLM) is crucial for companies to navigate complex market demands and foster innovation, ultimately leading to a stronger competitive position. This innovation & design research insight is drawn from a 2010 study published in Journal of Industrial Engineering and Management. Using Literature review, researchers explored how this design variable affects real-world outcomes. The key design takeaway: Adopt a comprehensive PLM strategy that considers all stages of a product's life, from initial concept to end-of-life, to ensure market responsiveness and sustainability.
Integrating Product Lifecycle Management for Enhanced Competitive Advantage
A holistic approach to Product Lifecycle Management (PLM) is crucial for companies to navigate complex market demands and foster innovation, ultimately leading to a stronger competitive position.
Journal of Industrial Engineering and Management · 2010
Key Findings
- 01Stakeholders increasingly demand comprehensive and sustainable product management throughout the entire lifecycle.
- 02Companies face challenges in integrating diverse guidelines, tools, and methods for PLM.
- 03A unified operational approach to PLM is needed to meet market requirements.
Application
Design takeaway
Adopt a comprehensive PLM strategy that considers all stages of a product's life, from initial concept to end-of-life, to ensure market responsiveness and sustainability.
How to apply
When initiating a new design project, map out all potential stages of the product's lifecycle and identify key stakeholders and their requirements at each stage.
Project actions
- 01When planning your design project, think about what happens to your product after it's made and used.
- 02Consider how your design choices impact the environment and the people involved throughout the product's life.
Method & Evidence
Variables
Strengths & Limitations
Strengths
- +Provides a foundational understanding of PLM's strategic importance.
- +Highlights the need for integrated approaches in product management.
Limitations
It can be challenging to gather comprehensive data on all lifecycle stages for a single product within a typical design project.
Reliability & validity
The reliability of this literature review depends on the quality and breadth of the sources consulted. Validity is enhanced by its focus on a recognized management concept (PLM).
Think critically
How might a company's internal structure and existing processes hinder or facilitate the adoption of a comprehensive PLM strategy?
Design Principles
"Design for the entire lifecycle: Consider material sourcing, manufacturing, use, maintenance, and disposal from the outset of the design process."
Effective PLM strategies allow organizations to manage products from conception through to end-of-life, addressing growing stakeholder expectations for sustainability and comprehensive product stewardship. By streamlining these processes, businesses can better respond to market needs and drive continuous improvement.
What This Means for Your Design
Managing a product from the moment you think of it, through making it, selling it, and even when it's no longer used, is called Product Lifecycle Management (PLM). Doing this well helps companies stay competitive because customers and others want products that are made and handled responsibly.
How to use in your project
- 1.Reference this research when discussing the importance of considering the entire product lifecycle in your design process and how it contributes to market competitiveness.
Add to My Project
Quick Cite
Paragraph starter
This research underscores the critical role of Product Lifecycle Management (PLM) in achieving competitive advantage. By adopting a holistic approach that spans from ideation to end-of-life, designers can better address stakeholder demands for sustainability and comprehensive product stewardship, leading to more successful and responsible product development.
Source
Journal of Industrial Engineering and Management
Product lifecycle management through innovative and competitive business environment
journal · 2010
View sourceQuestions About This Research
- What does the research say about integrating product lifecycle management for enhanced competitive advantage?
- Adopt a comprehensive PLM strategy that considers all stages of a product's life, from initial concept to end-of-life, to ensure market responsiveness and sustainability. Evidence: Journal of Industrial Engineering and Management (2010).
- Why does "Integrating Product Lifecycle Management for Enhanced Competitive Advantage" matter for design?
- Effective PLM strategies allow organizations to manage products from conception through to end-of-life, addressing growing stakeholder expectations for sustainability and comprehensive product stewardship. By streamlining these processes, businesses can better respond to market needs and drive continuous improvement.
- How can designers apply this research?
- Adopt a comprehensive PLM strategy that considers all stages of a product's life, from initial concept to end-of-life, to ensure market responsiveness and sustainability.
- What were the main findings?
- Stakeholders increasingly demand comprehensive and sustainable product management throughout the entire lifecycle.. Companies face challenges in integrating diverse guidelines, tools, and methods for PLM.. A unified operational approach to PLM is needed to meet market requirements.
- What research method was used?
- Literature Review.
- How strong is the evidence?
- Evidence strength is rated Moderate effect, based on a 2010 journal from Journal of Industrial Engineering and Management.
- What should I do differently in my next project?
- When initiating a new design project, map out all potential stages of the product's lifecycle and identify key stakeholders and their requirements at each stage.
- What are the limitations?
- The study is based on a literature review and does not present empirical data from specific company implementations.