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Information Technology
Gartner Glossary
Product Cost and Life Cycle Management (PCLM)
Product cost and life cycle management (PCLM) is core to maximizing product profitability from introduction to end of life. PCLM helps product management and operations executives address the many reasons why products fail to meet business targets. Unbalanced product portfolios can bring the wrong products to market or sacrifice the operations excellence needed for efficient, reliable customer service. PCLM speeds the right products to market, while ensuring profitable growth.
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