GROUP MEMBERS USHA BASTIKAR 02 SWAPNIL CHAVAN 04 PRASHANT GAUTAM
06 MASROOR HASSAN 08 SHRADHA KANOJIA 10 SALMAN KHAN 12
7/29/2019 Ppt Funde Sir
3/10
What is product?Anything that can be offered to a market for
attention,acquisition, use or consumption and that might satisfy
awant or need.Includes Tangible and Non-tangible goods and
services.
2. INDUSTRIAL PRODUCTS:a. Raw materialsb. Fabricating partc.
Installationsd. Accessories of equipmentse. Operating supply
7/29/2019 Ppt Funde Sir
6/10
PRODUCT SELECTIONProduct selection involves three basic steps:1.
Research:Gathering all technical information to be
evaluatedIdentify the full range of the projects building material
options.2. Evaluation:involves confirmation of the technical
information, as well as filling ininformation gaps.simple when
comparing similar types of building materials using
theenvironmental criteria.However, complex when comparing different
products with the same function.3. Selection:Involves the use of an
evaluation matrix for scoring the project-specificenvironmental
criteria.4. Implementation:To know which are the materials that fit
in the green.
7/29/2019 Ppt Funde Sir
7/10
STEPS FOR IDENTIFYINGTHE PRODUCTS FORMANUFACTURING
Analyzing the market. Understanding the possible competitive
priorities of theorganization. Selecting the appropriate
competitive priorities among theavailable (possible) competitive
priorities. Developing the operations strategies to achieve the
chosen
competitive priorities.
7/29/2019 Ppt Funde Sir
8/10
WHAT IS PRODUCT DEVELOPMENT?1. Complex and lengthy process
involving activities from number of
departments like marketing , production, quality testing,
designing amaterial etc.2. Types of products based on the Product
Development:a. Market-Pull Products: Products developed using
generic process in a market pull situation. Recognizing the market
opportunity & selecting appropriate producttechnologies to meet
customer needs. E.g.: Furnitures, Tools, Sports goods, ect.b.
Technology- Push Products: Products developed by using new
technology and an appropriatemarket where new technology can be
applied. Planning phase involves matching technology & the
market.
7/29/2019 Ppt Funde Sir
9/10
IMPORTANCE OF RESEARCH
AND DEVELOPMENT Increasing scientific knowledge and
productinnovation. Advances the state of knowledge about
product
technology. Product models are tested in different
circumstances. Creates tremendous infrastructure by
enablingindustrial establishments to carry out specific long
terms R & D projects. Tax concessions are given. Develops
model stimulating problems. Helps in conceptualizing problems
correctly.
7/29/2019 Ppt Funde Sir
10/10
PRODUCT DESIGN AND STAGESProduct design is the arrangement of
elements thatcollectively form a good or service. Stages:o
Conceptiono Acceptanceo Executiono Evaluation and Review of Designo
Translationo Preproduction
