PRODUCT LIFECYCLE MANAGEMENT TECHNOLOGY IN THE ERETAIL WORLD

Abstract

: Today industry is facing major encounters. This paper covers the incredible changes caused in the
field of global manufacturing and E-business due to the beginning of digitalization. Adopting new
practices over traditional to produce goods at the faster rate is fetching the common phenomenon. As
the industry are looking towards better ways to improve their production process and disregards
errors, they are becoming more numerically oriented. Along with these changes enchanting place in
this global scenario, there are a need of accomplished workforce along the way, mobility, efficient
data organization techniques etc.
As digitization endures to alter the engineering and manufacturing industry, many leaders are
Stressed to set a digital strategy, shift organization structures, and remove the wall that is preventing
them from maximizing the probable impact of ground-breaking digital technologies. Throughout the
world, traditional E-business industry is moving towards the digital transformation that is enhanced by
exponentially growing technologies such as robotics and automation. This article focuses on the
various impact, challenges, and opportunities of digitization in the field of engineering and
manufacturing industry. The innovation has turned the form and tide the way it appears and looks and
this is seen in the article that follows.
This paper is an attempt to evaluate and highlight the potential Product Lifecycle Management
Technology the new Innovator in E-Retailing holds and the role it can play in context of emerging
Indian consumers and economy. The author has also tried to explore the issues & challenges in the
path of E-Retailing & the future perspective of E-Retailing in India. The formalization and growth of
E-Retailing will play a pivotal role in bringing sustainability and economic viability to many facets of
the economy.