Lecture 5&6
Lecture 5&6
A - Introduction
B - Growth
C - Maturity
D - Decline A B C D
Phases in PLC
Introduction: Marks introduction of the product (new/old)
into the market. Organizations have to invest heavily in
advertisement to make the product familiar to the
customers.
Growth: Sales starts increasing at this stage because of
acceptability of the product by the customer and
competition is also limited.
Maturity: The sales does not grow after attaining a point as
competitors now split the market share.
Decline: Sales start declining as competitors come out with
better product features, advanced technology and reduced
prices.
Characteristics of Phases of PLC
Concurrent Engineering
Multi-Functional Design Teams
Design for Manufacturing & Assembly
(DFMA)
Design Review
Quality Function Deployment (QFD)
Concurrent Engineering