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Information technology and product lifecycle management

1999, Proceedings of the 1999 IEEE International Symposium on Electronics and the Environment (Cat. No.99CH36357)

Abstract

Information technology has the potential to address two key difficulties of product lifecycle management: product information loss and secondary market transaction costs. Applicable technologies include bar-code systems, radio-frequency identification (RFID), internet-based ...

Key takeaways

  • Some information is typically lost when the product moves from the producer to the retail outlet (particularly details of product content and function), but the greatest information loss occurs when the product moves from the retail outlet to the consumer (Fig. 1).
  • Information technology can reduce both lifecycle information loss and transaction costs.
  • Wall Street success aside, the importance of online auctions for reuse markets is that they show that the internet can not only affect but can actually create new reuse markets.
  • In RFID, semiconductor chips are used to store data that can be broadcast via radio waves to the reader, eliminating the need for a direct line of sight and making it possible for tags to be placed anywhere on or in the product.
  • Whereas current product recycling debates revolve around whether and how the consumer, the producer, or the government should be responsible for managing the product lifecycle, new technologies for "product self-management" could make such debates obsolete.