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
Introduction
Growth
Maturity
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
Idea Generation
Feasibility Analysis
Preliminary Design
Prototyping
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