Title: Navigating the Challenges of Writing a Thesis on Product Lifecycle Management Research

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Embarking on the journey of writing a thesis on Product Lifecycle Management (PLM) research
papers can be a daunting task for many students and researchers alike. As a comprehensive and
multifaceted subject, PLM requires a deep understanding of various concepts, methodologies, and
practical applications. Crafting a thesis that effectively explores and contributes to the existing body
of knowledge in this field demands meticulous research, critical analysis, and clear articulation of
ideas.

One of the primary challenges faced by individuals undertaking PLM research papers is the vast
amount of information available. The field of PLM is constantly evolving, with new technologies,
methodologies, and best practices emerging regularly. Navigating through this wealth of information
while ensuring the relevance and reliability of sources can be overwhelming.

Furthermore, PLM encompasses a wide range of disciplines, including engineering, management,

information technology, and supply chain management, among others. Integrating these diverse
perspectives into a cohesive thesis requires not only a strong interdisciplinary understanding but also
effective communication across various domains.

Another significant hurdle in writing a thesis on PLM research papers is the complexity of the
subject matter itself. PLM involves the management of products and processes throughout their
entire lifecycle, from conceptualization to disposal. This entails addressing various challenges such as
product design, manufacturing, distribution, maintenance, and sustainability. Analyzing these
complex processes and their interdependencies requires a systematic and analytical approach.

Moreover, conducting empirical research in the field of PLM can be challenging due to the limited
availability of real-world data and case studies. Many PLM systems and practices are proprietary or
confidential, making it difficult for researchers to access relevant information for their studies. This
scarcity of data often necessitates innovative research methodologies and approaches to gather
meaningful insights.

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Part of the reason for this is the overall regulatory position in the industry which deserves further
consideration. When choosing software for PLM, consider not only how your business runs today,
but also how you want your business to run in the future. Here, you can find some of the PLM
software features and functions to look for in your software. From change management to weighing
material costs, Siemens is a great solution for enterprise retail operations. As the business world
enters the globalized environment, the wide customer base that is. With its ability to help organize
disparate development strategies, information, and capabilities, PLM has huge potential to scale.
However, product lifecycle management irrespective of the industry sector facilitates every. You can
and should develop profiles on your products with their costs over their life cycles to determine the
best prices for your new products. Depending on the field that you fall into, PLM can be a regular
part of your workflow, or an unknown entity that you are discovering can help with your current
work. This would also allow all stakeholders in a product’s life cycle to see how the product is
performing and how it’s being used in real time, without waiting for customers to report on it.
Combine both the robustness of the LCA methodology and the inspirational principles of the MCI
and the circular economy and you have a holistic approach for innovation. He says that the tip of this
pyramid is not realistic. The peak is the top of the cycle, and the trough is the bottom. It is found that
following a Project Life Cycle is crucial for any services organization. Some products have a second
chance to prove their mettle. For the asset life cycle and the PLC, the integration point is during the
asset operation and the PLC cycle’s beginning. Technology incompatibilities and complexities among
any of these elements can turn an implementation into a nightmare. As Denscombe (2014) notes, the
first decision requires identifying whether the work is exploratory, explanatory or descriptive in
nature. One of the most critical KPIs of product lifecycle software features, after a few cycles, is
how it is impacting your development departments. A primary challenge is how branded firms
manage the lifecycles of their products following the expiration of the patents that are designed to
protect their drugs and other products. Virtual Product Development and Collaborative Design. By
charging no extra fees for custom coding and implementation to get their customers up and running,
Upchain accelerates innovation in a cost and time effective way. This structure is referred to product
life cycle which is often associated with changes in the marketing situation. After each stage of the
development process is complete, the product is passed through a management-approved gate before
it can go onto the next stage. The rationale for adopting this approach is that as Prajapati et al, (2013)
note, when a product’s lifecycle is extended, there is competitive edge, and improved management
of resources. Marketing decides all pricing and branding decisions. Your product is now ready to be
released into the world. In this sense, every LCA you do not only gives you valuable advice to make
changes in your business but also tells you how to best plan your next LCA to learn even more. We
are based in Pakistan but work extensively with middle-market businesses directly in the European,
Middle East and South Asia Regions, as well as through partnerships with multinational companies
like yours. What this suggests is that new indications may be a low cost means of extending the
overall lifecycle of branded products.
Indeed from a promotional perspective, it is noted that new indications may be marketed by
leveraging the brand equity of the original product. However, it’s very unusual only to sell the first
version. The first step is to study the market, to understand consumer preference as well as to gauge
whether your product will be appealing to the customers existing in that market. Although the
indications from the works considered in this study suggest that this may be an effective way to use
existing knowledge and combine this with improving technology and pharmaceutical research, again
the empirical evidence base remains limited and therefore more detail is needed on the specific
impact of these strategies on the lifecycle of branded pharmaceuticals. Indeed, this is a common
strategy of branded firms, who want to maintain their market share and profitability and combat
new entrants to the sector (Anusha et al, 2017). Popularity of Open source databases Popularity of
Open source databases GlobalLogic, Inc. Exploratory works are focused on a desire to explain or
explore a phenonmenon or situation, with descriptive works best applied when the aim is to clearly
define and identify a situation. Importance of Product Engineering Importance of Product
Engineering GlobalLogic, Inc. These advances allowed manufacturers to link design and
manufacturing, shortening production cycles and lead-time. Stakeholders have a higher influence at
the beginning of the project. While you don’t necessarily need PLM software, having one centralized
tool can improve efficiency in managing concepts, workflows, and processes. This work is often
known as trouble-shooting or firefighting. In this industry sector the approach is to work altering the
chemical structure of the active ingredient. Part of the reason for this is the overall regulatory
position in the industry which deserves further consideration. In Scanner data and price indexes (pp.
229-274). University of Chicago Press. Now, PLM allows for the adjustment of manufacturing
specifications during production. The best of all of these concepts gives the pinnacle of
manufacturing. The focus here is starting at both ends of the design process: from the solution
requirements and from the available technology. As mentioned, the product lifecycle management
process aims to bring products to market faster, more efficiently and with a greater degree of quality.
PLM merges the organization’s vision for managing and executing the overall plans for the product.
For a detailed view of the PLM process in the fashion industry, take a look at our Fashion PLM blog.
Marketing teams can get factual data for sustainability communications. In other words, the lengthy
research and development process, which can be up to 10 years when clinical trialling and drug
approval regulations are taken into account means that the MOL stage needs to be extended with
strategies that encourage continued purchase. To sum it up in a few words, it is product lifecycle
stages management that provides the most valuable information for businesses’ extended supply
chain enterprise. Lifecycle management is not however only about extending the lifecycle of a
product, it is also important to recognise when a product has gone so far down the decline stage of
the product life cycle that it is not economically viable to continue to market it. It looks for the most
valuable thing your product can do. Examples of servitization include leasing a car instead of buying
it, companies that pay for document management services instead of buying copy machines, or
airlines paying for the number of engine hours instead of buying engines. The goal of this specific
stage is to create awareness rather than profits. Or, skip the noise and book a custom demo with one
of our unified product collaboration management experts today. He is passionate about analyzing and
writing about businesses.
The team might also review user feedback on existing apps and might conduct user surveys and
interviews to get a deeper insight into the problem. Despite the resources available for marketing and
developing long term relationships with hospitals, GP practices and other health institutions, branded
firms face strong competition from generic manufacturers following patent expiry. From this
framework it can be seen that working collaboratively with marketing, research and legal routes can
lead to longer lifecycles for branded pharmaceutical products. Interpretation Life cycle assessment vs
other approaches 1. These standards describe the four main phases of an LCA. There are also many
LCA-related assessments, such as. Zurdo Medicine, Engineering 2015 TLDR How past development
and manufacturing challenges during the onset of biopharmaceuticals have conditioned the evolution
of manufacturing praxis and the perception of risk in the industry is discussed. The secret behind
success will be to hit the right note, by propagating more about the value added services that go with
the product. Enhanced and better design of the product (if required). After each stage of the
development process is complete, the product is passed through a management-approved gate before
it can go onto the next stage. Actively considering user experiences produces certain insights, which
help the design teams to brainstorm solutions. In Innovation and Marketing in the Pharmaceutical
Industry (pp. 225-254). Springer, New York, NY. Lean principles address the root causes of business
problems, looking for efficiencies while BPM addresses the business processes. Again, the
systematic approach to selection of the data and the coding into themes and patterns through content
analysis delivers this reliability requirement. In line with this exploratory focus, the work has an
inductive underpinning, as the intent is to develop frameworks and theories from evaluation and
exploration of a dataset, rather than answer a specific hypothesis which would have led to a
deductive underpinning. Both nationally and internationally, I’m also providing in-depth, high-
caliber executive development and training in various fields, covering topics such as project
planning, project management, leading teams, cultural change. In addition, with a small adjustment a
patent can also be extended, (Papadopoulou, 2016), however this only offers a few additional years.
The gap this work aims to close is to bring together existing works in the area and provide a
comprehensive review and examination of the factors influencing LCM strategy choice. Well, I
admit that’s a pretty depressing way to start an article, but it is precisely the point of this topic. As
mentioned, the product lifecycle management process aims to bring products to market faster, more
efficiently and with a greater degree of quality. One of the most critical KPIs of product lifecycle
software features, after a few cycles, is how it is impacting your development departments. A
statement outlining the goals or any problems your product wants to solve. You may argue that some
products are in the limelight for more than their share of lifetime. The indicated reasons are high
failure rates of new products and the high costs associated with this and the long term investment
needed for research, which leads to a low investment return. So, the focus turns to product
advertising to drive sales and optimize profits. To sum it up in a few words, it is product lifecycle
stages management that provides the most valuable information for businesses’ extended supply
chain enterprise. It should however be noted that as in the figure above the final BOL stage of
distribution overlaps into MOL as the product is taken to market. They also check that all
specifications from the Define stage are realistic. Try our 10x ROI calculator to see your company’s
potential profits. The newly designed product is however subject to a new patent, which is only
granted if there are clear improvements in patient treatment and management (Bhat, 2005).
You gather all of your downstream design and data before you define your product or get
management approval. The final strand of lifecycle management that appears to exist is the use of
legal strategies based on managing the protection afforded to initial products through patents and
other regulations that control the overall competitive market. Indeed, recent reports from PR News
Wire, (2017) also cite increasing pressure on branded pharmaceutical companies which makes the
need for understanding lifecycle management strategies even more important. Well, I admit that’s a
pretty depressing way to start an article, but it is precisely the point of this topic. In other words, and
re-affirming the value of this work, pharmaceutical companies are looking at other ways to maintain
their profit and the longevity of their existing products but also a need to combat the impact of low
priced generic medications which are being purchased in place of branded pharmaceuticals. This is
especially relevant when selecting works to be included in review such as this so that the overall
presentation of the situation is objective and unbiased (Quinlan, 2019). If a business believes its
product is stepping into the decline phase, it will perhaps develop a plan either to revitalize the
product or terminate production. By taking examples of technologically immature short-life
products, like mobile phones, effect of difference of required product service quality is investigated,
and appropriate product management strategy is discussed for improving product service quality.
You can also sign-up for our free resources on product management and product marketing. They
attend sales calls to present the roadmap and explain the product proposition. This shows what’s
involved for any company that develops and sells products. The major change made is that generic
companies are no longer required to demonstrate the safety of the drug, which was a major barrier to
market and is an explanation of why there are increasing generic products on the market.
Introduction to IMS-IP Multimedia Subsystem Introduction to IMS-IP Multimedia Subsystem
GlobalLogic, Inc. The challenge with adopting an OTC strategy is that the additional regulation
required to release the product as non-prescription can be a lengthy process During this time, other
generic products may take over (Kesselheim, 2013; Naneva, 2018) and it is here that branded firms
need to use their existing brand equity to leverage customer preference for the branded over the
generic products as indicated by Kohli and Buller (2013). Surefront is a Unified Product
Collaboration Platform to power growth and ROI. Zurdo Medicine, Engineering 2015 TLDR How
past development and manufacturing challenges during the onset of biopharmaceuticals have
conditioned the evolution of manufacturing praxis and the perception of risk in the industry is
discussed. Examples of Key Performance Indicators for Sales Manager: KPI Examples for Sa.
Indeed, similar trends were noted by industry reports from Euromonitor (2017) who highlight the
value to branded firms of re-investing, reviewing and extending research and development
knowledge in industry. In particular, the impact on market share of patent extensions, generic
settlements and licensing agreements would benefit from further exploration. Following the research
onion for this work ensured that the right approaches were adopted, and that there is transparency
and validity in the selection of works for inclusion, making the study both viable and reliable. A
product doesn’t always follow a smooth and foreseeable bell curve from starting to decline phase.
Global logic and rofous software join forces Global logic and rofous software join forces
GlobalLogic, Inc. To do this an understanding of lifecycle management is necessary. Given that as
Efpia (2018) note, in Europe the generic market share is around 40%, this approach would ensure
that the branded firms can retain some of the profit available during the post-patent expiry stage. The
lowest score on these criteria becomes the product’s overall mark. In terms of market share, the
figure below indicates the current market share for the main pharmaceutical companies globally. App
listing on Google Play Store or Apple’s App Store. See more details and download the free
infographic here. Try our 10x ROI calculator to see your company’s potential profits. The best types
of PLM will help you streamline the process of designing and building products with raw materials.
You start with your journal entries, and enter them into your general ledgers, which compiles your
unadjusted trial ledger. Your choice in vendor may vary based upon your service requirements, and if
you have the technical resources and PLM experience in-house. The first area covered is the structure
and value of the pharmaceutical sector. This analys is can ?e performed in greater detail using the
product life cycle. Semantic Scholar is a free, AI-powered research tool for scientific literature, based
at the Allen Institute for AI. Lastly, you prepare a closing trial balance to ensure that everything
matches. The stages are initiation (which includes whether a product is feasible), planning (which
includes development), execution (which includes testing), and closure (which is the launch and
production illustration request (PIR)). In fact, Louis Vuitton increased its prices in 2013 to attract
more high-end consumers because they experienced a decline. Right now, vendors of PLM software
are focusing on several things. These advances allowed manufacturers to link design and
manufacturing, shortening production cycles and lead-time. They might still identify opportunities to
improve the product based on user feedback. The path takes the project from the beginning to the
end. PLM technologies also need to integrate with the big data analytics and IoT platforms to
consume data returning from sensors. However, once the patent has expired, and thus in the standard
product life cycle branded drugs can be seen as being in decline, there are a number of strategies that
can be adopted to extend their overall lifecycle and maximise return on investment. If you continue
to use this site we will assume that you are happy with it. Ok. With this, you are developing a
closed-loop manufacturing cycle. The final strand of lifecycle management that appears to exist is the
use of legal strategies based on managing the protection afforded to initial products through patents
and other regulations that control the overall competitive market. In other words, does the data
gathered answer the research questions. Indeed, recent reports from PR News Wire, (2017) also cite
increasing pressure on branded pharmaceutical companies which makes the need for understanding
lifecycle management strategies even more important. In Scanner data and price indexes (pp. 229-
274). University of Chicago Press. Patent applications are on the increases, as are challenges to these
patents, but this does not mean that there is no potential for using a cohesive legal approach with
patents, covering all elements of the product to enable extended protection. These standards describe
the four main phases of an LCA. Out of these, the cookies that are categorized as necessary are
stored on your browser as they are essential for the working of basic functionalities of the website.
Duro increases workforce productivity and focuses on reducing the risks that are inherent to
engineering and manufacturing. PLM facilitates this process by integrating data, workflows and
systems across a chain of key stakeholders. NPD passes through the four main phases of screen,
development, test, and launch. The circularity of materials is looked at with a Material Circularity
Indicator (MCI). This percentage is even more dire in the fashion industry. There are also many
LCA-related assessments, such as. Today with e-commerce taking over physical and retail store
solutions, product lifecycle.
The patents may be on manufacture, ingredients or processes (Hemphill and Sampat, 2012; Prajapati
et al, 2013). The greater the number of stakeholders using the platform, the more effective it is.
Examples of Key Performance Indicators for Sales Manager: KPI Examples for Sa. I predict smarter
software, and disruption in the spheres of product design, engineering, and manufacturing cycles.
Are there major industry trends that will affect us. The best types of PLM will help you streamline
the process of designing and building products with raw materials. This is then tested and researched
and as noted in figure 2 this is a lengthy process, requiring regulatory testing and evaluation before
the product can be indicated as cleared for market entry (Jimenez-Gonzalez et al, 2004). Market
saturation has been achieved, so to maintain share the juice is marketed as an integral part of your
diet, not just a fun treat. Technology incompatibilities and complexities among any of these elements
can turn an implementation into a nightmare. Products with an image of exclusivity have a higher
ASP. NETWORK PROCESSORS OF THE PAST, PRESENT AND FUTURE NETWORK
PROCESSORS OF THE PAST, PRESENT AND FUTURE GlobalLogic, Inc. For the asset life
cycle and the PLC, the integration point is during the asset operation and the PLC cycle’s beginning.
There is however one final legal strategy that can be followed, which involves directly engaging with
generic competitors. I also have substantial experience strategizing ERP implementations and have
been working with Oracle, SAP, Microsoft Dynamics and Odoo for the best part of my professional
life. By combining these essential functionalities, Surefront creates a single source of truth
throughout your product lifecycle, sales and listing processes. Or, skip the noise and book a custom
demo with one of our unified product collaboration management experts today. Some vendors stress
implementation with your current software, while others stress the full adoption of their software
without regard to existing packages you may use. Understanding How A Company Can Benefit
From A SAAS Application Understanding How A Company Can Benefit From A SAAS
Application GlobalLogic, Inc. Some are intimately related to PLM, and some are more distant. With
LCA, you can evaluate the environmental impacts of your product or service from the very first life
cycle stage to the very last or to any life cycle stage in between. Generally, of course, industries have
a much longer life cycle than products. The final chapter in this work thus discusses the overall
findings and reviews the study and its implications for pharmaceutical companies. The duration
could be merely a few months for a fad item, or it could last over a century for stronger product
categories. The rest of the time is often dedicated to data entry and re-entry, email communications
and other data-centric activities that could be streamlined. The reasoning behind this is that the
quality of your data is assured with the software, so that you can implement efficiencies and better
product quality. In effect, by promoting quality differences between branded and generic products,
based on indications of quality control or similar added value such as fewer side effects due to the
stability of the formulation as indicated by Naneva (2018). Today it is the single source of truth up to
the point of sale. According to many experts, companies today still struggle with target costing.
However, specific companies whose market share has decreased due to the extreme competition in
this segment may be developing an exit strategy. The-KPI-Examples-Review Guide to Product
Lifecycle Management Guide to Product Lifecycle Management Technology Multipliers 1.