Product Life Cycle (PLC) is a framework used to manage a product throughout its entire journey—from the initial idea and market validation to development, production, continuous improvement, and eventually End of Life (EOL). While the exact process may vary from company to company, most follow a similar path to guide products from concept to market in a structured and controlled way.
In the electronics industry, PLC is more than just tracking whether a product grows or declines in sales. It helps companies make decisions, align cross-functional teams, manage risk, and balance time, cost, quality, and market expectations throughout development and production.
