Product Life Cycle Management ( Plm )

Did you know Nissan has a burgeoning commercial vehicle business? This Japanese automaker with a huge manufacturing and distribution presence in the United States has pickup trucks, vans, and taxis designed with commercial customers in mind. With this division, Nissan has successfully carved out a significant slice of business in a highly competitive segment.

All products possess ‘life cycles.’ A product 's life cycle, abbreviated PLC, consists of a series of stages, beginning with its introduction to the market and ending with its decline and eventual withdrawal from the market.  As a product progresses through its life cycle, its sales and profitability change as it faces changing environmental pressures.   Knowledge of the product’s life cycle can provide valuable insights into ways the product can be managed to enhance sales and profitability.

Toyota Motors Company is multinational Japanese vehicle producer, an enterprise that has it 's headquartered at Toyota, Aichi. Toyota Motors are the biggest world 's producer of the autos about the statistics of 2013 by the quantity of vehicles. Toyota was additionally the greatest maker of the autos in 2012 and has been the initial a car producer that delivered ten million vehicles for each year. It is likewise recorded the most significant assembling organization in Japan of the market capitalization and income. The engines business delivers its vehicles

companies are willing to provide available data in order to assist with a life cycle

Nissan's strategy is based on the concept of listening to the community and identifying potential risks and opportunities. The company takes into account the proposals of major experts and organizations, reviews organizations' assessments, uses this information to analyze its goals and activities, and to

The product life cycle concept derives from the phases through which a product undergoes, from its introduction, to its growth in the market, to the maturity it attains in that market, to the very last stage of declination. The

Toyota Motor Corporation (TOYOTA) is one of biggest automaker in the world. Main products are a passenger car, truck, bus, RV etc. The company headquartered in Toyota, Aichi, Japan which employed 300,734 people worldwide and was the third largest automobile manufacture in 2011 by production behind General Motors and Volkswagen Group. Toyota is the eighth largest company in the world by revenue (around 200 billion USD) in 2011. The company reported it had manufactured its 200million cars in 2012.

The product life cycle is an important concept used in marketing. It’s about identifying the stages a product passes through from when it was initially an idea to when it is removed from the

Product life cycle refers to the stages that a product. Changes in demand for the product is the factor that delineates the changes from one cycle to another (Daft & Sanders, 2012). The typical product life cycle has four identifiable stages;

Hyundai Motor Company is one of the most well-known companies of the Hyundai group and it is one the four largest automakers in the world as far as selling units is concerned. Hyundai Motor Company’s headquarters are situated in Seoul, South Korea.

Since 1999, Renault is linked to the Japanese automotive manufacturer Nissan trough an alliance, to become the world fourth largest automotive group.

Nissan focuses on maximizing its auto manufacturing operations through flexibility and efficiencies by maintaining a

Toyota is the largest automobile company in Japan and the second largest car seller in the world after General Motors. It produces approximately eight million vehicles annually, four million less than the General Motors. Toyota Company dominates the home market, with an estimate of 40% of all the vehicles being Toyotas (Ma). The company has a vast market share both in Europe and United States. It also has significant shares in other fast-growing countries in Asia. The company produces a range of vehicles that are valued for their quality, standards, reliability, design and ease of maintenance.

Along with other Japanese manufacturers, Nissan was successfully competing on quality, reliability and fuel efficiency. By 1991, Nissan was operating very profitably, producing four of the top ten cars in the world.Nissan management throughout the 1990s, however, had displayed a tendency to emphasize short term market share growth, rather than profitability or long-term strategic success. Nissan was very well known for its advanced engineering and technology, plant productivity, and quality management. During the previous decade, Nissan’s designs had not reflected customer opinion because they assumed that most customers preferred to buy good quality cars rather than stylish, innovative cars. Instead of reinvesting in new product designs as other competitors did, Nissan managers seemed content to continue to harvest the success of proven designs. They tended to put retained earnings into equity of other companies, often suppliers, and into real-estate investments, as part of the Japanese business custom of keiretsu investing. Through these equity stakes in other companies, Ghosn’s predecessors (and Japanese business leaders in general) believed that loyalty and cooperation were fostered between members of the value chain within their keiretsu.

A product is like a person. It is born, grows up, matures and then passes away. The product life cycle discusses the stages which a product has to go through since the day that is comes out to the day that it is taken off the shelf. However, the difference between a human dying and a product is that the product is killed by someone. Either the company or by competition. There are several products in the market that have been around forever and there are ones that don’t make it very long. That is why the Product of Life Cycle comes in four stages.