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A Modular Product Architecture consists of interchangeable building blocks (modules) that can be combined into a variety of product variants. [2] Assigning strategic intent to each module enables the producing company to connect its business objectives with the design of the product:. [3] [2] This can be done by the use of Module Drivers.
A company's place on the matrix depends on two dimensions – the process structure/process lifecycle and the product structure/product lifecycles. [1] The process structure/process lifecycle is composed of the process choice (job shop, batch, assembly line, and continuous flow) and the process structure (jumbled flow, disconnected line flow, connected line flow and continuous flow). [1]
Product lifecycle management is a strategy for efficiently managing information about a product (and product families, platforms, modules, and parts) during its product lifecycle. [5] Researchers have described how integrating a digital twin—a digital representation of a physical product—with modular design can improve product lifecycle ...
Product design is the process of creating new products for businesses to sell to their customers. [1] It involves the generation and development of ideas through a systematic process that leads to the creation of innovative products. [2] Thus, it is a major aspect of new product development. Product Design Process:
Materials management often gets overlooked, even though successful projects are a result of a successful blend of labour, materials and equipment management. When materials are tracked efficiently project time can be optimized, costs can be saved and quality can be maximized. [3] There is a lack of efficient materials management in capital and ...
The Muji design process resists technology for its own sake, and prototype designs are produced on paper rather than computers, so as not to encourage unnecessary detail. [40] The manufacturing process is determined by the consumer's use of the product, which is a design priority. Finishes, lines, and forms are minimised for manufacturing ease ...
Product cost management; Product differentiation; Product information management; Product life-cycle management (marketing) Product life-cycle theory; Product line extension; Product lining; Product literature; Product-market fit; Product marketing; Product naming; Product naming convention; Product planning; Product proliferation; Product ...
Product managers are responsible for managing a company's product line on a day-to-day basis. As a result, product managers are critical in driving a company's growth, margins, and revenue. They are responsible for the business case, conceptualizing, planning, product development, product marketing, and delivering products to their target ...