Life cycle management is a business
management approach that can be used by all
types of businesses (and other organizations)
to improve their products and thus the
sustainability performance of the companies
and associated value chains. A method that
can be used equally by both large and small
firms, its purpose is to ensure more sustainable
value chain management. It can be used
to target, organize, analyze and manage
product-related information and activities
towards continuous improvement along the
life cycle.