MODULE 6: PRODUCT AND PROCESS DESIGN

Cards (95)

  • It refers to the process of creating a new product or improving an existing one to meet customer needs, ensuring it can be produced efficiently and economically.
    Product Design
  • Focuses on creating products or services tailored to meet the specific needs and preferences of customers.
    Customer Centric Product Design
  • Emphasizes understanding customer behavior, expectations, and challenges to develop solutions that deliver maximum value
    Customer Centric Product Design
  • ELEMENTS of Customer Centric Product Design
    • Understanding Customer Needs
    • Empathy Mapping
    • Prototyping and Testing
    • Personalization and Flexibility
    • Focus on Usability
  • It is a valuable framework for understanding how products evolve in the market, from introduction to decline.
    Product Life Cycle
  • Key Factors Affecting PLC
    • Innovation
    • Competition
    • Market Saturation
    • Customer Preferences
  • Applications of the Product Life Cycle in Business Strategy
    • Forecasting Sales and Revenue
    • Product Portfolio Management
    • New Product Development (NPD)
    • Marketing and Pricing Adjustments
  • By understanding where a product is in its life cycle, companies can estimate future sales trends and allocate resources accordingly.
    Forecasting Sales and Revenue
  • Companies manage a portfolio of products at different life cycle stages.
    Product Portfolio Management
  • Awareness of the PLC encourages continuous innovation.
    New Product Development (NPD)
  • The PLC helps inform marketing campaigns and pricing strategies, ensuring they align with the current stage.
    Marketing and Pricing Adjustments
  • Product Life Cycle
    1. Introduction
    2. Growth
    3. Maturity
    4. Decline
  • Compelling and innovative design for early adopters.
    Introduction
  • Refine product design, enhance features and usability, explorevariations or extensions (e.g., new models, colors).
    Growth
  • Focus on differentiation through design improvements.
    Maturity
  • Simplify design, focus on the most profitable features.
    Decline
  • Stages in Product Design
    1. Idea Generation
    2. Feasibility Analysis
    3. Preliminary Design
    4. Prototyping
    5. Final Design
  • Ideas are sourced from customers, competitors, or internal teams
    Idea Generation
  • A product’s technical, financial, and market feasibility is assessed.
    Feasibility Analysis
  • Specifications and basic designs are developed.
    Preliminary Design
  • A working model is built for testing.
    Prototyping
  • The product is refined for mass production
    Final Design
  • Product Design Tools/ Software
    • CATIA
    • OptiTex
    • AutoCAD
  • Factors Impacting Product Design
    • Market Trends
    • Customer Needs
    • Technology
    • Legal Requirements
    • Sustainability
  • Shifts in consumer preferences and competitors' actions can dictate design changes.
    Market Trends
  • Understanding customer demands through surveys, interviews, or data analysis shapes product features
    Customer Needs
  • Innovations in manufacturing and materials can enable more efficient production.
    Technology
  • Compliance with industry standards and regulations is necessary.
    Legal Requirements
  • Environmental impact plays a critical role, with a focus on eco-friendly designs.
    Sustainability
  • It refers to the decision-making process that organizations use to choose the appropriate production or service delivery method.
    Process Selection
  • Based on factors like volume, variety, and flexibility, and align withproduct design, market demand, and resource availability
    Process Selection
  • Types of Production Processes
    • Job Shop
    • Batch
    • Assembly Line
    • Continuous Flow
    • Project
  • Characteristics: High flexibility, low volume, highly customized work
    Job Shop
  • Characteristics: Moderate volume, flexible for different product batches
    Batch Process
  • Characteristics: High volume, standardized production in sequence
    Assembly Line
  • Characteristics: Very high volume, non-stop production
    Continuous Flow
  • Characteristics: One-of-a-kind, unique products, long time frame
    Project
  • Factors Influencing Process Selection
    • Volume and Variety Requirements
    • Product Design and Customization
    • Flexibility
    • Lead Time and Speed
    • Capital Investment and Cost
    • Technological Capability
  • Under Volume and Variety Requirements in Process Selection, automated and standardized processes (continuous flow, assembly lines) MEANS
    High-volume
  • Under Volume and Variety Requirements in Process Selection, flexible processes(job shops, batch) MEANS
    Low-volume