Capital Equipment Product Lifecycle Management

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Is the most recent new product idea worth developing?

Is your new product ready to ship to customers?

Is it time to retire your aging product?

Product management is defined as the coordination of all the activities required to ensure a product’s commercial success. It is the product life cycle process that describes those activities. A product life cycle process describes the phases of a product’s existence, from its beginnings as an idea to its final withdrawal from the market. In this guide, you’ll find a framework for managing the capital equipment product lifecycle.