Overcoming Product Lifecycle Challenges: From development to sustainment, the 5 P’s every plan should include
Description/Abstract: It is unrealistic for an original equipment manufacturer (OEM) to expect that a product lifecycle plan can be executed from design and development to production and delivery without a bump or two along the roadmap. Accepting this and executing on a solid supply chain strategy that ensures uninterrupted manufacturing cycles and customer satisfaction is key to profitability. Where to start? As is so prevalent today, volatile geo-risk situations, component obsolescence, counterfeit parts, component shortages, and more can directly impact your development, procurement, and product delivery. These disruptors could potentially drain millions from your bottom line. This white paper will examine the external disruptors that impact an OEM’s supply chain and the five “Ps” for effective product lifecycle planning. These are critical components of best practices parts management and product life cycle planning strategies.