Closing the PLM loop The promise of capturing whole life product data

Closing the PLM loop The promise of capturing whole life product data Purpose – This paper reviews the latest management developments across the globe and pinpoints practical implications from cutting‐edge research and case studies. Design/methodology/approach – This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context. Findings – Closed‐loop product lifecycle management (PLM), is a new principle that is gradually taking hold in the engineering world. The idea is to continuously gather data on the condition and performance of a product throughout its life and use that information to predict its remaining lifetime, possibly extend the overall product life, cut maintenance costs, lessen the impact on the environment through more effective reuse and recycling and ultimately improve the design of future products. In Europe, this concept is being developed through PROMISE, an EU‐funded project bringing together 25 partners in nine countries. Practical implications – Provides strategic insights and practical thinking that have influenced some of the world's leading organizations. Originality/value – The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy‐to‐digest format. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Strategic Direction Emerald Publishing

Closing the PLM loop The promise of capturing whole life product data

Strategic Direction, Volume 24 (4): 3 – Mar 21, 2008

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Publisher
Emerald Publishing
Copyright
Copyright © 2008 Emerald Group Publishing Limited. All rights reserved.
ISSN
0258-0543
DOI
10.1108/02580540810860878
Publisher site
See Article on Publisher Site

Abstract

Purpose – This paper reviews the latest management developments across the globe and pinpoints practical implications from cutting‐edge research and case studies. Design/methodology/approach – This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context. Findings – Closed‐loop product lifecycle management (PLM), is a new principle that is gradually taking hold in the engineering world. The idea is to continuously gather data on the condition and performance of a product throughout its life and use that information to predict its remaining lifetime, possibly extend the overall product life, cut maintenance costs, lessen the impact on the environment through more effective reuse and recycling and ultimately improve the design of future products. In Europe, this concept is being developed through PROMISE, an EU‐funded project bringing together 25 partners in nine countries. Practical implications – Provides strategic insights and practical thinking that have influenced some of the world's leading organizations. Originality/value – The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy‐to‐digest format.

Journal

Strategic DirectionEmerald Publishing

Published: Mar 21, 2008

Keywords: Product life cycle; Decision support systems; Communication technologies; Product design; Recycling; Automotive industry

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