Product Life Cycle Management and Waste Management

These flashcards cover key concepts related to Product Life Cycle Management and Waste Management, focusing on definitions and processes crucial for understanding sustainable practices.

Product Life Cycle

The stages a product goes through from introduction to decline.

Introduction Stage

The first stage of the product life cycle where the product is presented to customers, often involving negative financial results.

Growth Stage

The second stage of the product life cycle characterized by growing demand, increased production, and higher revenue.

Maturity Stage

The stage in the product life cycle where sales stabilize, and costs decline, leading to high profitability.

Decline Stage

The final stage of the product life cycle where market share declines and sales drop.

Product Life Cycle Management (PLM)

The process of managing a product through its life cycle to maximize profitability and performance.

Circular Design

Design strategies that use low-impact or recovered materials allowing for product repairs and sustainability.

Clean Production

Production processes that minimize environmental impact by using clean energy and producing low emissions.

End-of-life Recovery

Practices that ensure products can be reused, refurbished, or recycled after their initial use.

Barriers to Circular Economy

Challenges such as lack of regulations, technological limitations, and consumer perception that hinder the transition to a circular economy.

Opportunities for Circular Economy

Potential advantages such as policy support, technological advancements, and consumer behavior shifts that can promote a circular economy.

Life Cycle Thinking

Approach that assesses the environmental impacts of a product throughout its entire life cycle.