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Product Lifecycle Management (PLM) has come a long way from being utilized as a repository for the CAD data authored in Mechanical CAD tools to managing the critical process areas for new product development (NPD).
New Product Development (NPD) process typically captures the journey of a product from ideation to retirement with multiple milestones along the journey, providing input and feedback to the corresponding milestones and business gates. The NPD journey starts with ideation, concept, design, development, prototype, validation, production, sales, service & warranty, and product retirement.
This article is published by Modern Manufacturing India