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1 product development cycle
The ultimate business dictionary > product development cycle
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2 product life cycle
Mktgthe life span of a product from development, through testing, promotion, growth, and maturity, to decline and perhaps regeneration. A new product is first developed and then introduced to the market. Once the introduction is successful, a growth period follows with wider awareness of the product and increasing sales. The product enters maturity when sales stop growing and demand stabilizes. Eventually, sales may decline until the product is finally withdrawn from the market or redeveloped. -
3 product development
Mktgthe revitalization of a product through the introduction of a new concept or consumer benefit. Product development is part of the product life cycle. The concepts or benefits that can be implemented range from modification of the product to simply introducing new packaging. -
4 development cycle
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5 new product development
Mktgthe processes involved in getting a new product or service to market. The traditional product development cycle, the stage-gate model, embraces the conception, generation, analysis, development, testing, marketing, and commercialization of new products or services. Alternative models of new product development fall into two broad categories: accelerating time to market models and integrated implementation models. These strive to achieve both flexibility and acceleration of development. All activities such as design, production planning, and test marketing are performed in parallel rather than going through a sequential linear progression.Abbr. NPD -
6 product management
Mktga system for the coordination of all the stages through which a product passes during its life cycle. Product management involves control of a product from its innovation and development to its decline. The process is coordinated by a product manager who focuses on the marketing of the product but may also be responsible for pricing, packaging, branding, research and development, production, distribution, sales targets, and product performance appraisal. This cross-departmental approach is based on the theory that a dedicated product management system will lead to tighter control over the product, and thus higher sales and profits. A brand manager fulfills a similar function to a product manager, concentrating on products within one brand. -
7 lead time
Ops [m1]1. in inventory control, the time between placing an order and its arrival on site. Lead time differs from delivery time in that it also includes the time required to place an order and the time it takes to inspect the goods and receive them into the appropriate store. Inventory levels can afford to be lower and orders smaller when purchasing lead times are short.2. in new product development and manufacturing, the time required to develop a product from concept to market delivery. Lead time increases as a result of the poor sequencing of dependent activities, the lack of availability of resources, poor quality in the component parts, and poor plant layout. The technique of concurrent engineering focuses on the entire concept-to-customer process with the goal of reducing lead time. Companies can gain a competitive advantage by achieving a lead time reduction and so getting products to market faster. -
8 house of quality
Opsa decision making and planning tool that brings customers and engineers together in the product design process. House of quality is one of the four houses or phases of quality function deployment. House of quality provides a structure for the design and development cycle. The name is derived from the use of matrices that explore the relationship between customer needs and design attributes. The matrices used in the analysis fit together to form a houselike structure.
См. также в других словарях:
product development cycle — UK US noun [C] (also product development process) MARKETING, PRODUCTION ► the various stages that a new or improved product or service goes through from design, through developing, testing, and marketing it … Financial and business terms
product development cycle — /ˌprɒdʌkt dɪ veləpmənt ˌsaɪk(ə)l/ noun the stages in the development of a new product … Marketing dictionary in english
product development process — UK US noun [C] MARKETING, PRODUCTION ► PRODUCT DEVELOPMENT CYCLE(Cf. ↑product development cycle) … Financial and business terms
product life cycle — The course of a product s sales and profitability over its lifetime. The model describes five stages, each of which represents a different opportunity for the marketer. A new product starts in the development stage, during which the original idea … Big dictionary of business and management
Product life cycle management — is the succession of strategies used by management as a product goes through its product life cycle. The conditions in which a product is sold changes over time and must be managed as it moves through its succession of stages. Product life… … Wikipedia
Product Life Cycle Management — The observation of an item as it moves through the typical stages of development, growth, maturity and decline. Effective product life cycle management brings together the many companies, departments and employees involved with the product s… … Investment dictionary
Product Life Cycle — The period of time over which an item is developed, brought to market and eventually removed from the market. First, the idea for a product undergoes research and development. If the idea is determined to be feasible and potentially profitable,… … Investment dictionary
development cycle — /dɪ veləpmənt ˌsaɪk(ə)l/ noun the various stages which are involved in the development of a product from the initial concept to its manufacture and marketing … Marketing dictionary in english
New product development — In business and engineering, new product development (NPD) is the term used to describe the complete process of bringing a new product to market. A product is a set of benefits offered for exchange and can be tangible (that is, something physical … Wikipedia
new product development — NPD A marketing procedure in which new ideas are developed into viable new products or extensions to existing products or product ranges. New ideas, which are generated either internally (e. g. by scientific research) or by feedback from… … Big dictionary of business and management
Sustainable product development and design — is concerned with balancing economic, environmental, and social aspects in the creation of products and services. Sustainable product development and design looks to minimise adverse sustainability impacts and maximise sustainable value… … Wikipedia
