Introduction to Product Lifecycle Management

What is the purpose of understanding Product Lifecycle Management for Industrial Engineers?

The document mentions the incorporation of AI and IoT in PLM. What does IoT stand for?

• Internet of Things

• Internet of Technology

• Integration of Technology

• Innovation of Things

Fill in the blank: Post-sale support and updates are part of the ________ stage in PLM.

• A) Conceptualization/Ideation

• B) Design & Development

• C) Service & Maintenance

• D) Manufacturing

Compliance in product lifecycle management involves ______.

• Ignoring documentation

• Managing documentation for audits and regulations

• Increasing paperwork

• Reducing regulations

Manufacturing includes which of the following sectors?

• Automotive

• Aerospace

• Consumer goods

• All of the above.

Automotive, aerospace, and consumer goods are sectors within which industry?

• Electronics

• Manufacturing

• Pharmaceuticals/Medical Devices

• Energy & Industrial Equipment

What is the purpose of Product Data Management (PDM) in product lifecycle management?

• Centralizes design data, specifications, and revisions.

• Facilitates cross-functional teamwork.

• Tracks modifications to ensure alignment.

• Ensures adherence to regulatory standards.

Which of the following is a strategy to increase a product's value?

• Decrease production cost

• Create new features

• Reduce marketing efforts

• Limit distribution channels.

Fill in the blank: One way to manage a product's lifecycle is to _______ new product lines.

• Create

• Destroy

• Ignore

• Limit

Fill in the blank: To appeal to your market, you should _______ your product.

• Change

• Ignore

• Hide

• Disregard