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Technical Paper

Life Cycle Management A Solution for Decision Making in the Global Market

1994-03-01
940575
Environmental issues continue to impact operations in the auto industry. With the introduction of the new Clean Air Act Amendments (CAAA), a new emphasis away from traditional command and control regulations towards technology driven regulations has begun. Innovative ways of meeting the new regulations are more essential than ever before. The Life Cycle Management (LCM) approach combines sound environmental decision-making with good business practices. This management approach focuses on the total cost impact of a decision throughout the entire life of the product, process and material. LCM concentrates its efforts up front at the product's developmental stage where 80% of all cost savings can be gained. LCM is not a formula for success. It is an approach which stimulates corporate cultural changes to produce quality, environmental friendly products at the lowest total cost.
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