What does the product lifecycle encompass in engineering?

The product lifecycle encompasses all stages from concept to disposal because it provides a holistic view of a product’s journey through various phases of its existence. This includes the initial idea and design phases, moving through the development and manufacturing stages, followed by market introduction, growth, maturity, and ultimately, decline and disposal.

Understanding the entire product lifecycle is crucial for engineers and designers as it informs decisions related to sustainability, cost management, and efficient resource use. It covers not just the technical aspects of production but also considerations such as market feedback, product upgrades, and environmental impact at the end of life. Such comprehensive awareness allows for better planning and strategizing throughout the product's lifespan, ultimately leading to more effective engineering outcomes.