e-book
Life Cycle Management
Life Cycle Assessment (LCA) is a science-based technique to assess resource consumption and potential environmental impacts associated with a product or service throughout its whole life cycle, from extraction via manufacturing and use to end-of- life by compiling an inventory of relevant energy, material, water and land inputs, and releases to the environment. Life Cycle Management (LCM) is a management concept applied in industrial and service sectors to improve products and services while enhancing the overall sustainability performance of business and its value chains. In this regard, Life
Cycle Management is an opportunity to differentiate through sustainability performance on the market place, working with all departments of a company such as research and development, procurement, and marketing, and enhance the collaboration with stakeholders along a company’s value chain. LCM is used beyond shortterm business success and aims at long-term achievements minimizing environmental
and socioeconomic burden while maximizing economic and social value.
What was our reason to prepare this LCM book? We believe that Life Cycle Management is a key concept within the life cycle community that allows operationalizing sustainability within organizations by putting life cycle thinking into business practice. In the LCM context, Life Cycle Assessment is one important technique among others, hence, the need for providing with this book a space for further explaining what LCM is about and its relationship to Life Cycle Assessment.
Moreover, there is confusion with different similar terms such as product life cycle management and application life cycle management, which are not linked to sustainability, so that we identifi ed a need for clarifi cation. Finally, there is progress in implementing LCM, and there are challenges in mainstreaming LCM in business practice and beyond in public policy, which we felt was worth reporting on.
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