The Missing Piece of PLM: Roadmaps and Obsolescence in the B2B Market
Product Lifecycle Management (PLM) is a well-established process in many companies, guiding products from initial concept to launch. However, a critical aspect often gets overlooked: the product's end-of-life (EOL) and its planned obsolescence. This is especially crucial in the B2B market, where products often have longer lifespans and are integrated into complex systems. The Importance of a Product Roadmap A well-defined product roadmap is essential for managing a product's lifecycle effectively. It outlines the planned evolution of the product, including: Future versions and updates: This includes improvements in functionality, performance, and security. Technology upgrades: This ensures the product remains compatible with the latest technologies and standards. EOL strategy: This defines when and how the product will be phased out. By having a clear roadmap, businesses can: Meet evolving customer needs: Regular updates and upgrades ensure the product continues to m...