From Traditional Product Lifecycle Management Systems to Blockchain-Based Platforms
<i>Background:</i> Several product lifecycle management systems (PLMs) have been implemented in the industrial sector for managing the data of the product from the design up to the disposal or recycling stage. However, these PLMs face certain challenges in managing the complex and decent...
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MDPI AG
2022-06-01
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| Series: | Logistics |
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| Online Access: | https://www.mdpi.com/2305-6290/6/3/40 |
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| author | Mubashir Hayat Herwig Winkler |
| author_facet | Mubashir Hayat Herwig Winkler |
| author_sort | Mubashir Hayat |
| collection | DOAJ |
| description | <i>Background:</i> Several product lifecycle management systems (PLMs) have been implemented in the industrial sector for managing the data of the product from the design up to the disposal or recycling stage. However, these PLMs face certain challenges in managing the complex and decentralized product lifecycles. <i>Methods:</i> To this aim, this work investigates the currently implemented PLMs used in industries through the exploration of various software reviews and selection websites. Accordingly, these existing PLMs are quantitatively compared and analyzed. <i>Results:</i> The analysis shows that most of the existing PLMs do not contain all the required features; therefore, industries integrate different software to create a full-fledged PLM system. However, this practice results in reducing the overall system efficiency. In this context, this paper assesses and recommends a blockchain-based innovative solution that overcomes the challenges of existing PLMs, hence increasing the overall system efficiency. Furthermore, this work argues, in a logical way, that the recommended blockchain-based platform provides a secure and connected infrastructure for data handling, processing, and storage at different stages of the product lifecycle. <i>Conclusions:</i> This work can be considered among the first to compare the currently implemented PLMs with a novel blockchain-based method. Thus, the stakeholders can utilize the outputs of this research in their analysis and decision-making processes for implementing the blockchain in their organizations. |
| format | Article |
| id | doaj-art-16fcd2f027ca435e8622355b562018a2 |
| institution | DOAJ |
| issn | 2305-6290 |
| language | English |
| publishDate | 2022-06-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Logistics |
| spelling | doaj-art-16fcd2f027ca435e8622355b562018a22025-08-20T03:15:16ZengMDPI AGLogistics2305-62902022-06-01634010.3390/logistics6030040From Traditional Product Lifecycle Management Systems to Blockchain-Based PlatformsMubashir Hayat0Herwig Winkler1Chair of Production and Operations Management, Brandenburg University of Technology, 03046 Cottbus, GermanyChair of Production and Operations Management, Brandenburg University of Technology, 03046 Cottbus, Germany<i>Background:</i> Several product lifecycle management systems (PLMs) have been implemented in the industrial sector for managing the data of the product from the design up to the disposal or recycling stage. However, these PLMs face certain challenges in managing the complex and decentralized product lifecycles. <i>Methods:</i> To this aim, this work investigates the currently implemented PLMs used in industries through the exploration of various software reviews and selection websites. Accordingly, these existing PLMs are quantitatively compared and analyzed. <i>Results:</i> The analysis shows that most of the existing PLMs do not contain all the required features; therefore, industries integrate different software to create a full-fledged PLM system. However, this practice results in reducing the overall system efficiency. In this context, this paper assesses and recommends a blockchain-based innovative solution that overcomes the challenges of existing PLMs, hence increasing the overall system efficiency. Furthermore, this work argues, in a logical way, that the recommended blockchain-based platform provides a secure and connected infrastructure for data handling, processing, and storage at different stages of the product lifecycle. <i>Conclusions:</i> This work can be considered among the first to compare the currently implemented PLMs with a novel blockchain-based method. Thus, the stakeholders can utilize the outputs of this research in their analysis and decision-making processes for implementing the blockchain in their organizations.https://www.mdpi.com/2305-6290/6/3/40product lifecycle managementblockchain technologyproduct developmentdecentralizationproduction system |
| spellingShingle | Mubashir Hayat Herwig Winkler From Traditional Product Lifecycle Management Systems to Blockchain-Based Platforms Logistics product lifecycle management blockchain technology product development decentralization production system |
| title | From Traditional Product Lifecycle Management Systems to Blockchain-Based Platforms |
| title_full | From Traditional Product Lifecycle Management Systems to Blockchain-Based Platforms |
| title_fullStr | From Traditional Product Lifecycle Management Systems to Blockchain-Based Platforms |
| title_full_unstemmed | From Traditional Product Lifecycle Management Systems to Blockchain-Based Platforms |
| title_short | From Traditional Product Lifecycle Management Systems to Blockchain-Based Platforms |
| title_sort | from traditional product lifecycle management systems to blockchain based platforms |
| topic | product lifecycle management blockchain technology product development decentralization production system |
| url | https://www.mdpi.com/2305-6290/6/3/40 |
| work_keys_str_mv | AT mubashirhayat fromtraditionalproductlifecyclemanagementsystemstoblockchainbasedplatforms AT herwigwinkler fromtraditionalproductlifecyclemanagementsystemstoblockchainbasedplatforms |