✅ Production & Operation Management Full Series ✅
• Production & Operation...
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📌 Product Development
00:00 Starting
00:21 Purchase PDF BOOK of Production & Operation Management
00:49 Meaning of Product Development
02:57 Techniques of Product Development
09:07 7 Stages of new product development
👉 Meaning of Product Development
Product development is the process that starts from an idea and finishes after delivering it to the market. It is an attempt where management creates a new product or improves the features or functionality of an existing product to sell it to the customers. In simple words, It is a process of bringing a change in the present product.
👉 Techniques of Product Development
1. Computer-Integrated manufacturing (CIM)
2. Computer-Aided Design (CAD)
3. Computer-Aided Design and manufacture (CAD/CAM)
4. Flexible manufacturing system (FMS)
5. Standard for the exchange of product data (STEP)
6. Virtual Reality technology.
👉 7 Stages of new product development
1.) Idea generation
2.) Idea screening
3.) Concept testing
4.) Business analysis
5.) Product development
6.) Test marketing
7.) Commercialization
#productdevelopment #productionmanagement #newproductdevelopment #stagesofproductdevelopment
Product Development
Product Development in Hindi
Techniques of Product Development
7 Stages of new product development