Why is a Product Important? А product is а bundle of utilities consisting of various product-features and accompanying services expected to yield satisfaction or benefits to the buyer.
What is Production Control? The production control is the function of management which plans, directs and controls the material supply and processing activities of an enterprise so that
Stages in Vendor Selection and Evaluation The following are the important stages in selection and evaluation of vendors. 1. Survey Stage All possible sources are explored and their
The quality control circle or more popularly known as quality circle concepts were formed in Japan in 1960 and in United States it started in 1977. Gradually it
Objectives of Demand Forecasting The objectives of demand forecasting can be divided into two categories, namely short-term objectives and long-term objectives. Short-term Objectives of Forecasting 1. Formulation of
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
What is Product Packaging? A ‘Package‘ is nothing but a container in which things are packed. ‘Packing‘ is the process of covering or wrapping goods into a package.
