After reading this article you will learn about the calculation of productivity and factors affecting it. Calculation of Productivity: Productivity of a production system is analogous to the efficiency of a machine. Just as it is desired to increase the efficiency of a machine, it is also aimed at to raise the productivity within the available resources. Productivity may be [...]
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 requirements of product design and factors affecting it. Requirements (or Considerations) of a Good Product Design: It is not possible to specify exactly what constitutes a good design, but the essential requirements are that it should bring: (a) In order to achieve customer satisfaction: The product should function correctly. It should [...]