March 10, 2008

Life Cycle Performance

To improve total life cycle performance, this is one of the elaborations in EFQM regarding asset management. It is a very interesting and yet familiar idea. I often hear company put a lot of focus on product life cycle management, but less on the life cycle performance of their asset.

The two concepts both have life cycle in them, however I find the perspective is rather different. Frequently, product life cycle is taught in the way of 4 stages of introduction, growth, maturity, and decline.  Yet, it is infrequent to mention product recycling with the stage of decline. Most frequent, it is new technology, new innovation, and the introduction of a next generation product being associated with. I wonder if it is this model gave the proper reason for buying or upgrading to the new and the latest.

On the other hand, management of life cycle performance through maintenance and utilisation, and the consideration of life cycle cost prolongs the usage, conserve the energy, and protect the environment.

Maybe organisations should consider more life cycle costs when developing new products as environmental friendly can also be revenue generating. It doesn't have to be new! 

- No comments Not publicly viewable

Add a comment

You are not allowed to comment on this entry as it has restricted commenting permissions.

March 2008

Mo Tu We Th Fr Sa Su
Feb |  Today  | Apr
               1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

Search this blog


Most recent comments

  • Just as much as in a recent channel modelling project we have in my Org led by Sales. We are still n… by on this entry
  • Turns out TATA's management strategy for Mergers and Acquisitions(M&A) is based on Knowledge Managem… by on this entry
  • thank you luo. and please dont say sorry¡­ it was really really a happy experience. this blog is not… by on this entry
  • A guest speaker from TATA gave a presentation in one of my TM module's sessions. It was quite intrig… by on this entry
  • Reading this entry and Paul's comment made me think about all the times back at school where I used … by on this entry

Blog archive

Not signed in
Sign in

Powered by BlogBuilder