Presentation is loading. Please wait.

Presentation is loading. Please wait.

PRODUCT DEVELOPMENT IN INDUSTRY

Similar presentations


Presentation on theme: "PRODUCT DEVELOPMENT IN INDUSTRY"— Presentation transcript:

1 PRODUCT DEVELOPMENT IN INDUSTRY
UNIT 3 - AREA OF STUDY 2 PRODUCT DEVELOPMENT IN INDUSTRY

2 TYPES OF INDUSTRIES FOOD & BEVERAGE TRANSPORT / DISTRIBUTION
TEXTILES – CLOTHES, SHOES, ACC WOOD & PAPER PHARMACEUTICAL PETROLEUM & CHEMICALS METALS – MACHINERY AGRICULTURE BUILDING & CONSTRUCTION

3 ADVANTAGES OF INDUSTRIES
CREATES PRODUCTS CREATES EMPLOYMENT & SKILLS CREATES COMPANY WEALTH CREATES NATIONAL WEALTH CREATES TAXES CREATES A STANDARD OF LIVING CREATES COMMUNITY

4 INDUSTRY DISADVANTAGES
POLLUTION – AIR, WATER, SOIL NATURAL RESOURCES DEPLETION CREATION OF TOXINS WASTE MATERIALS PROMOTES SOCIAL CLASS

5 FACTORS GUIDING INDUSTRY
TESTING MANUFACTURE PRODUCT USE DISTRIBUTION PROTOTYPES MARKET RESEARCH SOURCING MATERIALS DESIGN RESEARCH & DEVELOPMENT PRODUCT DISPOSAL PRODUCT SALES/RETAIL PRODUCT MAINTENANCE & REPAIR

6 PRODUCT DEVELOPMENT PROCESS

7 PRODUCT DEVELOPMENT PROCESS
MARKETING DESIGN & PROTOTYPE MANUFACTURE & QC DISTRIBUTION & RETAIL USE DISPOSAL

8 MARKET RESEARCH DATA COLLECTION METHODS FROM CONSUMERS PRIOR TO MANUFACTURE SURVEYS INTERVIEWS TRIALS/TESTS (human centered design) QUESTIONNAIRES SOCIAL MEDIA – TWITTER, FACEBOOK APPS ?

9 THE FIVE Ps OF MARKETING
MARKETING CONSIDERATIONS PRICE – the cost of the product PRODUCT – the item to be marketed PEOPLE – the consumers/end users PROMOTION – advertising the item PLACE – where to sell the item

10 RESEARCH & DEVELOPMENT
PERFORMED DURING MANUFACTURE EMPLOYEE TRAINING QUICKER MANUFACTURE ECONOMICAL MANUFACTURE MORE EFFECTIVE MANUFACTURE APPROPRIATE MANUFACTURING SYSTEMS MATERIALS DEVELOPMENT - NEW WITHOUT COMPROMISE TO PRODUCT QUALITY


Download ppt "PRODUCT DEVELOPMENT IN INDUSTRY"

Similar presentations


Ads by Google