Process of New Product Development Every product has a certain life period. The life-cycle of a product reveals that after a certain period, all products face the problem
Objectives of Product Development Product development is a continuous and dynamic process. In reality it is an unending process of the manufacturing system. There are two main objects
What is Product Development? Product development is a specialized activity which may result in creation of new products or modification in the production process to produce the same
The relevant considerations in make or buy decisions are the same as those of all purchasing decisions. The strategic considerations are as enumerated below: Quality considerations Quantity considerations