Full citation

Choi, Ivan. (2005). PLM: A new approach to profitability. Product Design & Development: Reed Business Information.

Format: Project report

Type: Research — Non-experimental

Experience level of reader: Fundamental

Annotation: Product Lifecycle Management (PLM) is described as an integrated approach to decision-making application from initial concept through end of product lifespan.

URL: www.pddnet.com

Setting(s) to which the reported activities/findings are relevant: Large business, Small business (less than 500 employees)

Knowledge user(s) to whom the piece of literature may be relevant: Manufacturers

Knowledge user level addressed by the literature: Organization

This article uses the Commercial Devices and Services version of the NtK Model

Primary Findings

Barriers:

  • Definition of Product Requirements
    Survey of manufacturers (n=80). One third of respondents identified Incorrectly defined requirements as the most significant problem, particularly the incorrect definition of initial requirements.
    Occurrence of finding within the model: Step 2.2
  • Unplanned Product Requirements
    Survey of manufacturers (n=80). Forty percent of unplanned requirements surface after the core development phase is completed. Unplanned requirements create time to market slippage, decreased productivity, and costly design changes.
    Occurrence of finding within the model: Stage 7
  • Definition of Product Requirements
    Survey of manufacturers (n=80). One third of respondents identified Incorrectly defined requirements as the most significant problem, particularly the incorrect translation of top-level requirements into sub-system requirements.
    Occurrence of finding within the model: Step 6.4