Product development has traditionally been seen as the responsibility of research and development (R&D) or engineering departments. Hand-in-hand with product development comes product lifecycle management (PLM), a function which is often wrongly positioned as product data management and thus rarely used to its full potential.

Is your company's new year resolution to be recognized for its top-of-the-line, cutting-edge accomplishments in the industry? Nominations for the 2014 Supply Chain Innovation Awards are open until March 10, 2014.