ABB’s products undergo continuous improvement. It is ABB’s goal to protect our customers’ investment beyond the life-cycles of the platform products. For those reasons ABB has decided to use a strict Life Cycle Management policy.
Product Life Cycle Management or LCM is a term used for the process of managing the entire life cycle of a product from its conception, through design and manufacture to service. LCM is a set of capabilities that enable an enterprise to effectively and efficiently innovate and manage its products and related services throughout the entire business life cycle.