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✅ Production & Operation Management Full Series ✅ https://www.youtube.com/playlist?list=PLPf7aahSRKFVJixTVuDVcpl4mxRe1IInJ ========================== 📕 Purchase Production & Operation Management PDF Book 📕 https://imojo.in/1TxEGJJ ========================== 📌 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
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