Thank you for the opportunity to help you with your question!
Process refers to the way an
organization chooses to produce its goods or provide its services. Essentially
it involves choice of technology and related issue, and it has major
implications for capacity planning, layout facilities, equipment, and design of
Make or buy.
In make of buy decisions, a number
of factors are usually considered.
capacity (usually, contractual works are more costly).
considerations (some specialized companies may provide higher quality;
otherwise, if a strict quality control is essential, self-production may become
4.The nature of
demand (if steady – do yourself; wide fluctuations or small orders may require
5.Cost (the most
important factor, linked to all of the above).
Product design is the process of determining all the
features and characteristics of a product or service. The design of the product or service must
match the business strategy in order for the company to be successful. For example, if we create a product with
numerous features, it would probably be more expensive to produce. This would not help us if our goal is to provide
a low cost product.
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Jul 3rd, 2015
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