Question -1: Mr. Ahmed, is in-charge for developing new products in an electronic goods manufacturing company. The top management of the company has directed him to develop new products to match with the customer requirements. Assume that you are recruited as a consultant for this company to help Mr. Ahmed in developing a new product. Explain how you will develop a new product by following the stages involved in it. OR

Question -1: Mr. Ahmed, is in-charge for developing new products in an electronic goods manufacturing company. The top management of the company has directed him to develop new products to match with the customer requirements. Assume that you are recruited as a consultant for this company to help Mr. Ahmed in developing a new product. Explain how you will develop a new product by following the stages involved in it. OR

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Concept explainers

Types of Scheduling

Scheduling is the activity of allotting materials to complete the day-to-day tasks efficiently, thus having a competitive advantage when compared to other unplanned work structures. In context to operations management and scheduling, the term "scheduling" determines time managing skills and effective utilization of resources. Any scheduling activity is assigned to a specific person who is known as a scheduler. Loading concerns granting jobs to multiple work centers and their machinery. Vertical loading involves loading according to the selected priority rule.

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