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

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.

Citation

(2008), "Closing the PLM loop: The promise of capturing whole life product data", Strategic Direction, Vol. 24 No. 4, pp. 35-37. https://doi.org/10.1108/02580540810860878