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Product Lifecycle Management | Four stages of PLM | Great Learning

🔥1000+ Free Courses With Free Certificates: https://www.mygreatlearning.com/acade... Product lifecycle management (PLM) refers to the process of managing a product as it moves through the typical stages of its product life. It is the integration of all aspects of a product from its development to its ultimate decline. The ultimate goal of product lifecycle management is to streamline all the processes and produce a product that outperforms its competitors, is profitable and lasts as long as customer demand and technology allow. Organizations that produce goods face a variety of difficulties that aren’t just related to design and production. PLM addresses and mitigates those difficulties. In this course, you'll learn all the basic concepts related to product lifecycle management. You'll also understand the different stages in the product lifecycle management, and its evolution over a period of time. Earn an MBA at Walsh College with no GRE/GMAT required, save upto INR 45 Lakhs qualify for up to 3 years STEM OPT visa. Grab this opportunity now! https://www.mygreatlearning.com/mba-m... Join our PG Program in Strategic Digital Marketing to accelerate your growth. Take the first step and enroll now! https://www.mygreatlearning.com/pg-pr... 00:00 - Introduction 02:03 - Agenda 03:18 - Understanding product lifecycle management 10:10 - The five phases of product development 14:50 - The four stages of PLM 20:35 - Evolution of product lifecycle management 23:53 - Benefits of PLM 27:46 - Product lifecycle management software 30:57 - Closed-loop manufacturing cycle 34:23 - SCM, CRM and PLM 36:36 - Summary Looking for a career upgrade & a better salary? We can help, Choose from our no 1 ranked top programmes. 25k+ career transitions with 400 + top corporate companies. Exclusive for working professionals: https://glacad.me/3KvyR2D Get your free certificate of completion for the Product Lifecycle Management course, Register Now: https://glacad.me/34B4WXC Visit Great Learning Academy, to get access to 300+ free courses with 1000+ hours of content on Data Science, Data Analytics, Artificial Intelligence, Big Data, Cloud, Management, Cybersecurity, Software Development and many more. These are supplemented with free projects, assignments, datasets, quizzes. You can earn a certificate of completion at the end of the course for free. https://glacad.me/3hXpPPO Get the free Great Learning App for a seamless experience, enroll for free courses and watch them offline by downloading them. https://glacad.me/3cSKlNl About Great Learning: - Great Learning is an online and hybrid learning company that offers high-quality, impactful, and industry-relevant programs to working professionals like you. These programs help you master data-driven decision-making regardless of the sector or function you work in and accelerate your career in high growth areas like Data Science, Big Data Analytics, Machine Learning, Artificial Intelligence & more.