Question

Which of the following tracks a product from design, continuing through manufacture, and culminating with the disposal of the product at the end of its life?

1) supply chain management (SCM)
2) value chain
3) product life cycle management (PLM)
4) none of the above

Answer 1

Product Life Cycle Management (PLM) is the process that oversees a product's journey from initial design to final disposal, unlike the value chain and Supply Chain Management (SCM).

Step-by-step explanation:

The process that tracks a product from design through manufacture and culminates with the disposal of the product at the end of its life is Product Life Cycle Management (PLM). PLM integrates the budget for product development, various drawings used to design a product, and the engineering design process to monitor and manage the entire life cycle of a product.

In contrast, the value chain describes how a good is produced in stages and is more related to the specialization of tasks in production. Supply Chain Management (SCM) focuses on the production flow, like the rate of the flow of water through a hose, but it does not typically include tracking the disposal of the product.