January 28, 2008
Improving the production process by analyzing input and output
Manufacturing goods and business processes consist of different stages that contribute to the finished product or service. Life cycle management aims to maximize the productive output whilst minimizing any adverse side effects that can impact the economy, the environment or social systems. Life cycle analysis looks at the inputs and outputs of the process and tries to work out the best combination of variables to produce a superior outcome. There are tradeoffs involved to ensure that environmental and social considerations are given appropriate consideration.