Asked by Michael McGlinchey on May 01, 2024
Verified
________ is a business strategy that enables manufacturers to share product-related data that support product design and development and supply chain operations.
A) CIM
B) MRP
C) PLM
D) TPS
PLM
Product Lifecycle Management, a systematic approach to managing the series of changes a product goes through, from its design and development to its ultimate disposal.
CIM
Computer-Integrated Manufacturing, an approach to manufacturing that involves the use of computers to control the entire production process, from design and manufacturing to product delivery.
MRP
Material Requirements Planning; a system for efficiently managing manufacturing processes, including inventory control, production planning, and scheduling.
- Familiarize oneself with the foundational theories and purposes of distinct information systems including ERP, TPS, SCM, CRM, FAIS, and MRP.
- Identify the critical aspects and components of ERP systems, including extended modules that support business operations.
Verified Answer
AB
Austin BrowneMay 01, 2024
Final Answer :
C
Explanation :
PLM, or Product Lifecycle Management, is a business strategy that allows manufacturers to share product-related data to support product design, development, and supply chain operations. It integrates people, data, processes, and business systems to manage the entire lifecycle of a product efficiently and cost-effectively.
Learning Objectives
- Familiarize oneself with the foundational theories and purposes of distinct information systems including ERP, TPS, SCM, CRM, FAIS, and MRP.
- Identify the critical aspects and components of ERP systems, including extended modules that support business operations.