Product life cycle management

Product life cycle management,

Definition of Product life cycle management:

  1. Tracking a specific product or service through the successive stages of its life cycle. The stages in the average product life cycle include development, introduction, growth, maturity and decline. For example, the initial promotion and success of DVDs and their eventual replacement by blu ray discs and steaming content is an example of product life cycle management.

Meaning of Product life cycle management & Product life cycle management Definition