After reading this article you will learn about:- 1. Definition and Concept of Product Planning 2. Need For Product Planning 3. Constituents. Definition and Concept of Product Planning: Product planning may be defined as ― Evaluation of the range, mix, specification and pricing of existing and new products in relation to present and future market requirements and competition; planning of [...]
After reading this article you will learn about the process and machine capabilities. Process Capabilities: A process capability study is a determination of the total spread of the process as determined by measuring the product produced under controlled conditions. The process capability is independent of the specification but is determined by: (i) The condition of the machine, (ii) Operator skill, [...]
Sampling plans may be classified as follows: 1. Single Sampling Plans 2. Double Sampling Plans 3. Multiple Sampling Plans 4. Sequential Sampling Plan (Item by Item Analysis). 1. Single Sampling Plans: A lot is accepted or rejected on the basis of a single sample drawn from that lot. i. Under this plan, a lot is accepted or rejected on [...]