PLM - Product Life Cycle Management

[MuchoLatinoMacho]

Short and good! Thank you! I appreciate the integration of IoT which is not mentioned in former SCM videos I watched :)

[ConfessionsofPrakharMittal]

This is amazing, I come from the PLM world with 12 years of experience in the PLM domain. Can surely endorse this is awesome to the point video

[ntcuongct]

Dear Friends,
I have many questions about product life cycle:
1/ New product introduction stage: The market is not yet available, the basic purchasing power is not high, running continuous campaigns + promotions, gross profit margin is only 1-3% and it can be less than 0.
2/ The Growth stage: The market has accepted the product and continues to grow in terms of market share, at this time, revenue and gross profit has grown steadily, basic purchasing power has increased, but it costs a lot to run campaigns and maintain. Basic promotions.
3/ Booming period: Revenue and gross profit grew significantly (> 20%).
4/ Should we track the product life cycle year by year?.
Do you have any suggestions?. Thank you.