importance of production_management_system

May 29th, 2015
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Abraham Lincoln University
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Product design is more important than ever because customers are demanding greater product variety and are switching more quickly to products with state-of-the-art technology.

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1.wat steps shud b taken for systematic development of new product?2.State the objectives & factors affecting the design of product?3.Wat are several stages involved in designing of product?4.Diff between continuous & intermittent production system?5.Objectives of production management?2.State the objectives & factors affecting the design of product? ObjectivesProduct design is cross-functional, knowledge-intensive work that has become increasingly important in today's fast-paced, globally competitive environment. It is a key strategic activity in many firms because new products contribute significantly to sales revenue. When firms are able to develop distinctive products, they have opportunities to command premium pricing. Product design is a critical factor in organizational success because it sets the characteristics, features, and performance of the service or good that consumers demand. The objective of product design is to create a good or service with excellent functional utility and sales appeal at an acceptable cost and within a reasonable time. The product should be produced using high-quality, low-cost materials and methods. It should be produced on equipment that is or will be available when production begins. The resulting product should be competitive with or better than similar products on the market in terms of quality, appearance, performance, service life, and price. THE INCREASING IMPORTANCE OF PRODUCT DESIGN Product design is more important th

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