GMS 401 Lecture Notes - Lecture 4: Statistical Graphics, Value Engineering, Quality Function Deployment
16 Jan 2017
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Document Summary
Customer requirements meeting customer requirements to win orders. Product specifications how the product will be made (number/variety of parts) Design review making sure that product specifications meet customer requirements. The objective of the product decision is to develop and implement a product strategy that meets the demands of the marketplace with a competitive advantage. Despite constant effort to introduce viable new products, however, many new products do not succeed. Other changes through: market practice, professional standards, suppliers and distributors. May be any length from a few hours to decades. The operations function must be able to introduce new products successfully. Fine tuning may warrant unusual expenses for: research, product development, process modification and improvement, supplier development. Adding or enhancing capacity may be necessary. High volume, innovative production may be needed. Improved cost control: reduction in options, paring down of product line. Product does not make meaningful contributions to the organization"s reputation and its product line.
