Product’s Life Cycle: an Analysis of the Challenges

BARCELONA, Spain (January 10th, 2017) – [ANALYSIS] A product’s life cycle can be divided into four distinct stages. Firstly, its conception that covers the research and development (R&D) phase in addition to the whole design process. Secondly comes the product’s development: the fabrication and the selling. Thirdly the maturation occurs: the product goes through various changes and modifications. Finally, the last phase happens: death and obsolescence.

Trace Software products evolution

During all these phases it is necessary to always have updated and accurate information at your disposal; especially with electrical components since obsolescence happens faster than with any other types of products. The continuous evolution of tech products forces companies to tremendously improve their products and update data and info rigorously. Additionally actualized information prevent engineers and designers from doing mistakes when they have to modify the product. Such modifications can be requested by both internal (within the company) and external actors. In this sense, the market can play a key role in the product’s evolution. It is crucial for companies to be reactive in order to satisfy their clients’ demand for change as faster as possible.

Nevertheless getting accurate information isn’t an easy task, especially since they need to be updated in real time.

Trace Software technologic products evolution

Need for a Paradigm shift

The solution is already available but it will imply a change of mentality: it is now necessary to start working with virtual models. Integrating your documentation into CAD 3D models and databases will guarantee you to have actualized and coherent information.

A Product Lifecycle Management software like elecworks is now the best option available on the market to help reach this goal. In addition to facilitate the realization of your engineering projects, this software will maintain your information and data updated and actualized in real time.

elecworks creates a virtual electrical cabinet. Any changes made on the product’s design – current or old versions of your drawings or projects – will be kept in real time in this virtual cabinet. When you modify a component it will automatically appear in your database.

elecworks product life cycle

Very intuitive, this new way of working will facilitate the progress of your project. It also allows you to manage different versions during the design process and then to modify the data as you introduce changes asked either by your team or the market.

Errors in the design process can be fixed. It will prevent you from repeating them because of bad internal coordination, miscommunication or un-actualized information.

Having updated and actualized information at your disposal is critical during the whole product’s life cycle and can have a major impact on the efficiency and financial health of your business. Nowadays most companies, especially tech ones, work on a global scale: detecting a problem happening in another country in real time is crucial. Bad information or bad data management will badly impact your company and your wallet.

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