The Use of Blockchain Technology in Managing Product Life Cycle at the Enterprise

The purpose of the article is to present models of using blockchain technology in product life cycle management at the enterprise for improving the efficiency of the enterprise by integrating blockchain technology into product life cycle management. The solution of the tasks set in the article has been made with the use of general scientific and special methods of theoretical research, such as: analysis, systematization and generalization, project approach. The model of increasing the efficiency of work of the enterprises by improving technological processes of a life cycle of a product has been developed. The main advantage of the model is to ensure greater reliability of data obtained in production, as well as their reliability in tracking and documenting product changes throughout its life cycle based on the use of blockchain technologies and smart contracts integrated into the production process. Transparency of the entire supply chain, providing clear and complete information about the progress of production is provided comprehensive information about all the states in which the product has been in the life cycle, resources expended, changes made by workers or industrial installation. The article substantiates the feasibility of implementing blockchain technology at the enterprise, which ensures the preservation of the entire history of product changes and to find abnormal indicators in the production of the product, quickly eliminate them, reducing production costs.

Increasing Value and Savings in Shipbuilding With Innovative Technologies

To effectively and efficiently build and fund the projected larger fleet, the U.S. Navy must reduce costs while meeting mission needs by leveraging the full benefits of new technologies. Three-Dimensional Laser Scanning (3DLS), additive manufacturing (AM), and product life-cycle management (PLM) may be able to provide such benefits. The current work tests this hypothesis by estimating potential cost savings and return on investment (ROI) to assess the impacts of these commercially available technologies on naval shipbuilding. Results indicate that very large savings and increased value are possible by adopting and using these technologies. The conclusions enumerate insights about how technology can increase value and reduce costs in shipbuilding.

HOW CAN INFORMATION AND COMMUNICATIONS TECHNOLOGY SUPPORT THE LINK BETWEEN CIRCULAR ECONOMY AND PRODUCT LIFE CYCLE MANAGEMENT? – A REVIEW

Linear production is related to resource scarcity and negative environmental impacts. Circular Economy (CE) emerged for society transition towards sustainability, based on regenerative systems and multiple life cycle products. Product Life cycle Management (PLM) supports the whole life cycle with the aid of Information and Communication Technology (ICT). A literature review analyzed the role of ICT enabling CE based on PLM, identifying challenges and opportunities, active and passive PLM, system perspective, stakeholder's role, and sustainability. Concluding that ICT enables the CE transition.

Radio Frequency Identification (RFID): A co-Generation tool in Product Life cycle Management(PLM)

Product life cycle management (PLM) and Radio Frequency Identification (RFID) when properly amalgamated aids product development throughout the lifecycle of the product design and narrows the gap between OEM (design team) and customer by providing real-time information about product failures thereby increasing product lifecycle. Therefore, this paper enhances the pros and cons of RFID in PLM as a co-generation tool and the benefits of using RFID in assembling critical components are elucidated. The PLM-RFID solution embraces a demand-focused supply chain representation by integrating suppliers, manufacturers, distributors, and retailers to share product movement data and feeds valuable inputs for new product development. To illustrate the benefits of PLM-RFID amalgamation in enterprise application we have developed middleware to facilitate data communication between RFID readers and PLM databases.