product cycle - meaning and definition. What is product cycle
Diclib.com
ChatGPT AI Dictionary
Enter a word or phrase in any language 👆
Language:

Translation and analysis of words by ChatGPT artificial intelligence

On this page you can get a detailed analysis of a word or phrase, produced by the best artificial intelligence technology to date:

  • how the word is used
  • frequency of use
  • it is used more often in oral or written speech
  • word translation options
  • usage examples (several phrases with translation)
  • etymology

What (who) is product cycle - definition

A PERIOD OF TIME OF A PRODUCT BEING FROM INCEPTION, THROUGH ENGINEERING DESIGN AND MANUFACTURE, TO SERVICE AND DISPOSAL
Product life cycle; Product life-cycle management; Product cycle; Product Lifecycle Management; Product Life Cycle; Product life cycle engineering; Product life cycle (engineering); Product Cycle; Product life-cycle; Project lifecycle management; Closed loop lifecycle management; Cl2m; Closed-loop lifecycle management; Product lifecycle (engineering); Closed Loop Lifecycle Management; Lifecycle loop; Product lifecycle management; Concept phase; Product Life Cycle Engineering
  • Product lifecycle management
  • A generic lifecycle of products
  • Pyramid of Production Systems

Product lifecycle         
In industry, Product Lifecycle Management (PLM) is the process of managing the entire lifecycle of a product from its inception through the engineering, design and manufacture, as well as the service and disposal of manufactured products. PLM integrates people, data, processes and business systems and provides a product information backbone for companies and their extended enterprises.
Product life-cycle theory         
7. PROVIDE EXAMPLES OF PRODUCTS FOR EACH OF THE FOLLOWING IPLC STAGES. A. LOCAL INNOVATION B. OVERSEAS INNOVATION
Product Life Cycle Theory; Product lifecycle theory
The Product Life Cycle Theory is an economic theory that was developed by Raymond Vernon in response to the failure of the Heckscher-Ohlin model to explain the observed pattern of international trade. The theory suggests that early in a product's life-cycle all the parts and labor associated with that product come from the area where it was invented.
Product life-cycle management (marketing)         
  • A model for the product sales lifecycle, with the assumption of four major phases: introduction, growth, maturity, and decline. Curve of sales as a function of the time of the product on the market. After a plateau in sales at product maturity, a steep decline can follow.
SUCCESSION OF STRATEGIES BY BUSINESS MANAGEMENT AS A PRODUCT GOES THROUGH ITS LIFE-CYCLE
Product Life Cycle Management; Request for Deviation; Product life cycle management; Product lifecycle (marketing); Product life cycle management (marketing); Product lifecycle management (marketing)
Product life-cycle management (PLM) is the succession of strategies by business management as a product goes through its life-cycle. The conditions in which a product is sold (advertising, saturation) changes over time and must be managed as it moves through its succession of stages.

Wikipedia

Product lifecycle

In industry, product lifecycle management (PLM) is the process of managing the entire lifecycle of a product from its inception through the engineering, design and manufacture, as well as the service and disposal of manufactured products. PLM integrates people, data, processes, and business systems and provides a product information backbone for companies and their extended enterprises.

Examples of use of product cycle
1. How the contaminated wheat gluten got into the product cycle is not yet known.
2. Analysts surveyed by Thomson Financial were expecting, on average, a profit of 50 cents per share on revenue of $1.36 billion. This outperformance was driven by the strong product cycle we‘re in the midst of, as well as the diversification of our user base across multiple geographies and multiple market segments,‘‘ Jim Balsillie, co–chief executive, said on a conference call with analysts.
3. The suite of applications produced $8.6bn of operating income last year, almost as much as the $'.4bn of the Windows PC operating system, making the planned launch late next year of new versions of both pieces of software Microsoft‘s most important new product cycle since Windows '5.
4. "The quarter also marked the beginning of an important product cycle for Microsoft with the launches of Xbox 360, SQL Server 2005, Visual Studio 2005 and Microsoft Dynamics CRM 3.0, all of which were extremely successful and well received by our customers." Operating income Operating income is significant to note because Microsoft sells Xbox consoles at a loss, said analyst Matt Rosoff of Directions On Microsoft in Washington state.