The aim of the dissertation is to investigate how information technology (IT) supports Product Lifecycle Management (PLM) and what benefits IT can offer to successful PLM implementation, through a literature review. The dissertation combines IT-related tools in the PLM context and analyses how IT-related tools activate PLM. The challenges of applying a Product Embedded with Information Device (PEID) and software in the PLM environment, is discussed. Through separately analysing and evaluating the role of PEID and software in PLM, the dissertation captures how IT-related tools support PLM.
The dissertation concludes that the application of PEIDs in PLM enables organisations to continuously obtain product data and information, and the usage of software in PLM assists organisations to manage, analyse, and evaluate product data and information. The combination of PEIDs and software can solve three important factors for successful implementation of PLM. However, some barriers still exist in regards to the application of IT-related tools, such as: cost, privacy and security concerns, and lack of well-integrated PLM software.