Perspectives of Innovations, Economics and Business

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Volume 9
Issue 3
Online publication date 2011-11-01
Title Process of innovation in product lifecycle management business strategy
Author Valentina Gecevska, Franc Cus, Radmil Polenakovic, Paolo Chabert
Abstract This article proposes a scenario of Product Lifecycle Management (PLM), as a innovative business strategy based on the analysis of business drivers, industry requirements, limit of current solution, and recent state-of-the-art review in the domain related to PLM. Potential industrial impact of the developed PLM technology solutions is analyzed. It is hoped that the proposed PLM technology solutions will form the frontier basis for further research, development, and application of PLM systems to quickly adapt to the dynamic changing market for industry companies to pursue the most advanced competitiveness. This article presents a process oriented framework to support effective PLM implementation with a set of lifecycle oriented business process reference models which links the necessary fundamental concepts, enterprise knowledge and software solutions to effectively deploy PLM.
Bernard, A. and Tichkiewitch, S., 2008. Design of sustainable product life cycles, Springer-Verlag

Gecevska, V., Lombardi, F., Chiabert, P., Cus, F., Anisic, Z., 2010. “Product lifecycle management innovative business model for engineering companies,” Journal of Industrial Engineering and Management,” Vo.4, No.2, pp.45-58

Grieves, M., 2009. PLM: Driving the next generation of lean thinking, McGraw-Hill

Ming, X., Yan, J., 2005. “Technology solutions for collaborative product lifecycle management - Status review and future trend,” Journal Concurrent Engineering, Vol.13, No.4, pp.311-21

Pol, G., Merlo, C., Legardeur, J., 2008. “Implementation of collaborative design processes into PLM systems,” International Journal of Product Lifecycle Management, Inder-science, Vol.3, No.4, pp.279-94

Saaksvuori, A. and Immonen, A., 2008. Product lifecycle management, Springer-Verlag

Stark, J., 2004. PLM: 21st century paradigm for product realisation, Springer-Verlag

Siemens PLM, 2009,

Keywords Product Lifecycle Management (PLM), innovation, business processes, technology
Pages 53-56
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