Preview

Chapter 3: Product Design and Process Selection

Powerful Essays
Open Document
Open Document
1371 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Chapter 3: Product Design and Process Selection
Chapter 3: Product Design and Process Selection

Answers to Assigned Discussion Questions in Textbook

1. Define product design and explain its relationship to business strategy.

Product design is the process of determining all the features and characteristics of a product or service. The design of the product or service must match the business strategy in order for the company to be successful. For example, if we create a product with numerous features, it would probably be more expensive to produce. This would not help us if our goal is to provide a low cost product.

2. What are the differences between product and service design?

Recall that the key differences between manufacturing and service is the fact that manufacturing creates a tangible product, while services typically do not, and that services involve the customer. Service design is more complicated because we must not only design the service itself, but also the entire service concept.

3. Explain the meanings of benchmarking and reverse engineering.

Benchmarking involves the usage of information gathered from world class companies in order to improve your company’s performance. Reverse engineering is the study of an actual product by disassembling it to determine how it was created.

4. Explain the meaning of design for manufacture (DFM) and give some examples.

DFM is a set of guidelines for ensuring that a product is easy to produce profitably. DFM involves reducing the number of parts in a product and the use of common and interchangeable parts.

5. Describe the stages of the product life cycle. What are the demand characteristics at each stage?

The four stages of the product life cycle are introduction, growth, maturity and decline. Introduction is the stage where the product is introduced to the market and starts to sell. The demand is slowly growing in this stage. Growth is the stage where demand takes off. Maturity is the stage when the demand has

You May Also Find These Documents Helpful

  • Powerful Essays

    Unit 3 P1 M1 And D1

    • 7258 Words
    • 20 Pages

    For example, the first stage of this Product Life Cycle is the Development. This stage entitles a business to conjure up a selected idea, in which they will later hope to produce as a product and then sell. The development stage is where the business will discover the blue prints of their product and how they will later market it.…

    • 7258 Words
    • 20 Pages
    Powerful Essays
  • Better Essays

    MKT 650

    • 4716 Words
    • 19 Pages

    As the text book says, “The product life cycle is concerned with the sales history of a product class which holds that a product’s sales change over time in a predictable way and that products go through a series of five distinct stages: introduction, growth, shakeout, maturity, and decline”(Mullins & Walker, 2010, p271). Each of these stages has opportunities and threats for the firm, and they can affect the strategy of the company. Thereby, the product life cycle is an important way for managers to make decisions in the future.…

    • 4716 Words
    • 19 Pages
    Better Essays
  • Good Essays

    The product life cycle involves the product of a business advancing through four different stages: introduction, growth, maturity and decline. Any product regardless what it is will eventually decline and die out. It may be due to societies change of perception, level of demand or because it is not contemporary enough.…

    • 1069 Words
    • 5 Pages
    Good Essays
  • Better Essays

    CopelandR MKTG600 MidTerm

    • 966 Words
    • 4 Pages

    Products go through a cycle which phases goes from introduction to decline. This pattern is based on a lot of factors to include the current marketing situation which could greatly impact the product. The following stages are:…

    • 966 Words
    • 4 Pages
    Better Essays
  • Good Essays

    The differences between a manufacturing business and a service business is that a manufacturing business changes basic inputs into products that are sold to individual customers and a service business provides services rather than products to customers.…

    • 562 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Foundamentals of Marketing

    • 1150 Words
    • 5 Pages

    Cite two examples of products that you think are currently in each of the product life-cycle stages. Consider services as well as physical goods.…

    • 1150 Words
    • 5 Pages
    Powerful Essays
  • Satisfactory Essays

    MRKT 339 Study gUide

    • 301 Words
    • 2 Pages

    2. Understand four stages of the product life cycle – introduction, growth, maturity, and decline.…

    • 301 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Quality Function Deployment (QFD)- “A structured process for planning the design of a new product or service or for redesigning an existing one.” QFD also compares well to Six Sigma. Booth tools have a strong element of customer focus with an equal focus on actual production processes, planning and measuring. QFD differs to MBNQA as it does little to focus on management or a strategic vision. It focuses primarily on what the customer wants and providing quality through production processes.…

    • 445 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    All products have a lifecycle. They begin as an idea that needs Research and Development (R&D) or time to develop. This is a direct cost to the company. Once the product and/or service is ready to be marketed, it goes through five stages: development, introduction, growth, maturity, and decline.…

    • 1196 Words
    • 5 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Product Life Cycle Stages

    • 546 Words
    • 2 Pages

    Maturity Stage – During the maturity stage, the product is established and the aim for the manufacturer is now to maintain the market share they have built up. This is probably the most competitive time for most products and businesses need to invest wisely in any marketing they undertake. They also need to consider any product modifications or improvements to the…

    • 546 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    * DMAIC produce is considered to bring very important and measurable improvements from old to new current process that are below expectation in a new business.…

    • 790 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    MAF 635 LCC Report

    • 1849 Words
    • 6 Pages

    The history of LCC began in the US Department of Defence in the mid-1960s. In the mid-1980s attempts were made to adapt LCC to building investments. Recently several research projects have been carried out aimed at developing the LCC methodology for the construction industry and placing LCC in an environmental context.…

    • 1849 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    By the way,new products and services are the lifeblood of an organization.Designs can provide a competitive edge by bring new ideas to the market quickly.doing a better job of satisfying customer needs,or being easier to manufacture,use,and repair.…

    • 393 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Presentation

    • 2774 Words
    • 12 Pages

    Understand the main issues concerned with the design and control of manufacturing and service processes…

    • 2774 Words
    • 12 Pages
    Powerful Essays
  • Good Essays

    Product Design

    • 1846 Words
    • 8 Pages

    4-1 Product and Service Design Operations Management William J. Stevenson 8th edition 4-2 Product and Service Design CHAPTER 4 Product and Service Design Operations Management, Eighth Edition, by William J. Stevenson Copyright © 2005 by The McGraw-Hill Companies, Inc. All rights reserved.…

    • 1846 Words
    • 8 Pages
    Good Essays

Related Topics