Essay About Product Design And New Product

Operations Management – Summarizing the 10 Om Decisions
[pic 1]SUMMARIZING THE 10 OM DECISIONSSHAHEED SUKHDEV COLLEGE OF BUSINESS STUDIES[pic 2]PRESENTED BYDRUTI CHANDRA (13098)SHIVANSHI YADAV (13276)SHRADDHA MANDAL (13277)SHRISHMA KUDADAH (13281)YASHMITA RAI (13322)OPERATIONS MANAGEMENT DECISIONSOperations management is the systematic approach of converting inputs into profit giving output. We have summarized the 10 Operations management decisions briefly.PRODUCT DESIGNWhen planning on producing a new product, the key factor is the product design. Successful designs come down to these basic principles: translate customers wants and needs, refine existing products, develop new products, formulate quality goals, formulate cost targets, construct and test prototypes, document specifications, and translate products specification into process specifications. The process of design has certain steps that include motivation, ideas for improvement, organizational capabilities, and forecasting. In the product process innovations, research and development play a significant role. Because of the influence a product design can have on an organization, the design process is encouraged to be tied in with the organizations strategy and take into account some key considerations.Companies choose various ways to design their products they provide. Which include: standardization, mass customization, delayed differentiation, modular design, and robust design. Deciding the right method, establishes good productivity and efficient way for operations.Product Design combines ergonomics with product and business knowledge to generate ideas and concepts and convert them into physical and usable objects or services. Product Designers conceptualize and evaluate ideas and themes they find profitable. The designers make these ideas tangible through products using a systematic approach.PROCESS DESIGNThe activity of determining the workflow, equipment needs, and implementation of requirements for a particular process. Process design typically uses a number of tools including flowcharting, process simulation software and scale models. Process design and product design are interrelated. To commit to the detailed design of a product consideration must be given to how it is to be produced. Process design must be customer satisfying, aesthetically pleasing, reliable, meet expectation, inexpensive, high quality, easy to manufacture and deliver and speedy. It is achieved through proper layout, location, process technology and human skills. CAPITAL DESIGNLocation decisions are of utmost importance as they’re long-term decisions which are infrequent in nature, and their objective is to maximize the benefit of location to the firm. Once committed to a location, many resources and cost (fixed & variable) issues are difficult to change. Thus, these decisions are to consider various supreme factors such as costs, currency rates & risks, labor productivity and proximity to suppliers, competitors & markets. One needs to evaluate critical success factors of the country where they need to extend their operations, its region and then the final site.