supply chain

May 15th, 2015
Studypool Tutor
Price: $30 USD

Tutor description

Helps to find solutions to supply chain questions

Word Count: 10590
Showing Page: 1/30
CHAPTER 5New Product DevelopmentOverviewThis chapter addresses four key issues: (1) early supply management and supplier involvement; (2) the process of designing and developing new products, with emphasis on supplymanagements role in the process; (3) several approaches to increasing supply managementsrole in the new product development process; and (4) a description of supply managementprofessionals who interface successfully with engineers during the new product developmentprocess.World-class firms excel at a crucial triad of activities: new product development, thedesign of the required production process, and development of the optimal supply chain.This chapter addresses the first member of this triad.Rapid changes in technology, the emergence of global industrial and consumer markets, increasing market fragmentation and product differentiation, and the increasingoptions for developing and producing products have increased the pressure on all firmsto more effectively and efficiently develop new products.1 In many progressive firms,the design of new products is conducted by a team representing a number of functionalareas. Marketing, product planning, design engineering, reliability engineering, supplymanagement, manufacturing engineering, quality, finance, field support, and, frequently,carefully selected suppliers and customers are involved, as appropriate. If effectively done,new product development (NPD) can be a source of competitive adv

Review from student

Studypool Student
" <3 it, thanks for saving me time. "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1831 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors