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Product-Service Systems (PSS) and the Internet of Things (IoT) are two related concepts. This chapter describes an approach to manage PSS along its life cycle. It includes a design methodology for PSS and a systems modelling method. The former supports designers in defining PSSs that incorporate monitoring, control, optimization or autonomy. It includes a new method to assess a product's functionality in terms of the data needed for its realization. The latter adopts life cycle thinking and employs a modelling language to outline the PSS and its various components and actors. A life cycle performance analysis could benefit from the model by extracting cost information from it for further analysis. This chapter highlights challenges related to PSS life cycle management observed during the Manutelligence project. They concern the design methodology and the applied life cycle modelling method.

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