Final answer:
Product Life Cycle Management (PLM) is the process that tracks a product from design to disposal, involving multiple departments and the supply chain.
Step-by-step explanation:
The concept that tracks a product from design, through manufacture, to disposal at the end of its life is known as Product Life Cycle Management (PLM). Unlike Supply Chain Management (SCM), which manages the flow of goods and services, and the Value Chain, which analyzes the company's activities to create value, PLM is concerned with the comprehensive management of a product's life from inception to disposal. This includes the design, engineering, manufacturing, sales, and service processes, and requires coordination across various departments within a company as well as with external suppliers and customers.