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Valuing Product Lifecycle Management

In: Valuing Corporate Innovation

Author

Listed:
  • Christopher Scheubel

    (TUM School of Management, TU München)

  • Philipp Bierschneider

    (DF FA SE DS DI, Siemens AG)

  • Holger Gierse

    (DF CP S&MK BA, Siemens AG)

  • Ralf Hermann

    (GS IT DE PRG, Siemens AG)

  • Michael Wokusch

    (GS IT DE PRG, Siemens AG)

Abstract

In the first section of this chapter, we provide some background and essential information on product lifecycle management. First, we describe the concept of product lifecycle management (PLM) and analyze the influence of this concept on the value chain of product development. Subsequently, the potential value creation by means of product lifecycle management is presented, and the main value drivers of the concept are emphasized. In the next section, the cost related to implementing product lifecycle management is broken down. As this matter concerns IT investments, the concept of the Total Cost of Ownership (TCO) is introduced. The following section describes the benefits, costs and challenges which are related to the implementation of the Siemens PLM Software Suite®. It describes the general implementation process of adopting the Siemens PLM environment. Subsequently the findings are illustrated with the example of a Siemens business unit which implemented PLM throughout the lifecycle of their products. The case study illustrates our theoretical considerations with real business cases. The chapter concludes with a summary of findings and provides an outlook on future evolution in product lifecycle management.

Suggested Citation

  • Christopher Scheubel & Philipp Bierschneider & Holger Gierse & Ralf Hermann & Michael Wokusch, 2018. "Valuing Product Lifecycle Management," Management for Professionals, in: Gunther Friedl & Horst J. Kayser (ed.), Valuing Corporate Innovation, pages 39-70, Springer.
    • Handle: RePEc:spr:mgmchp:978-3-319-64864-4_3
    DOI: 10.1007/978-3-319-64864-4_3
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    Cited by:

    1. Trieste, Leopoldo & Geisler, Elie & Turchetti, Giuseppe, 2022. "Columbus' egg and the engineer's effect in forecasting solutions adoption," Technological Forecasting and Social Change, Elsevier, vol. 183(C).

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