Lifecycle refers to product’s lifetime phases. Product’s life cycle must be taken into consideration in the company’s operations: as well in production, logistics as in marketing. With a life cycle thinking, company is be able to understand stakes needed for each product life cycle stages.
As picture above shows, different phases of product’s life cycle affect very diversely on procurement, storage and transport and organization of the distribution.
Sivu päivitetty / tarkistettu 16.3.2017.