Process of innovation in product lifecycle management business strategy

• Authors: Valentina Gecevska , Franc Cus , Radmil Polenakovic , Paolo Chabert
• Languages of publication: EN

Abstracts

EN

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.

Keywords

EN

Product Lifecycle Management (PLM); innovation; business processes; technology

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Prague Development Center, Czech Republic
• Journal: Perspectives of Innovations, Economics and Business
• Year: 2011
• Volume: 9
• Issue: 3
• Pages: 53-56

Contributors

author

Valentina Gecevska

• Faculty of Mechanical Engineering, University Ss. Cyril and Methodius in Skopje, Macedonia

author

Franc Cus

author

Radmil Polenakovic

author

Paolo Chabert

• Redakce PIEB, Prague Development Center s.r.o., Bořivojova 1081 / 40, 130 00, Prague 3 - Žižkov, Czech Republic

References

• 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

Identifiers

DOI

http://dx.doi.org/10.15208/pieb.2011.41