OM 300 Exam 2 Chillcut Questions And Answers With Real Tests
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Course
OM 300
Institution
OM 300
OM 300 Exam 2 Chillcut Questions And Answers With Real Tests
Product Life Cycle ANS 1. Introductory Phase
2. Growth Phase
3. Maturity Phase
4. Decline Phase
Introductory Phase ANS Fine tuning may warrant unusual expenses for Research, Product development, Process modification and
enhancem...
OM 300 Exam 2 Chillcut Questions And Answers
With Real Tests
Product Life Cycle ANS 1. Introductory Phase
2. Growth Phase
3. Maturity Phase
4. Decline Phase
Introductory Phase ANS Fine tuning may warrant unusual expenses for Research, Product development, Process
modification and
enhancement, & Supplier development
Growth Phase ANS Product design begins to stabilize, Effective forecasting of capacity becomes necessary,
Adding or enhancing capacity may be necessary
Maturity Phase ANS Competitors now established, High volume, innovative production may be needed,
Improved cost control, reduction in options, paring down of product line
Decline Phase ANS Unless product makes a special contribution to the organization, must plan to terminate
offering
Product Development ANS Traditional, A Champion, Team Approach, Japanese "Whole organization" approach,
Product Development Teams, Concurrent Engineering
Traditional Product Development ANS distinct departments
Duties and responsibilities are defined
Difficult to foster forward thinking
A Champion Product Development ANS Product manager drives the product through the product development
system and related organizations
Team Approach Product Development ANS - representatives from all disciplines or functions
Product development teams, design for manufacturability teams, value engineering teams
, Japanese "Whole organizing" Approach ANS No organizational divisions
Product Development teams ANS design for manufacturability teams, value engineering teams
Concurrent Engineering Product Development ANS
House of Quality ANS Utilize a planning matrix to relate customer wants to how the firm is going to meet those
wants
Time-based competition is implemented by OM ANS Product life cycles are becoming shorter and the rate of
technological change is increasing
Developing new products faster can result in a competitive advantage
Time-Based Competition
External Development Strategies ANS Alliances
Joint ventures
Purchase technology or expertise
by acquiring the developer
Internal Development Strategies ANS Migrations of existing products
Enhancements to existing products
New internally developed products
Products ANS Tangible-
Intangible-
Services ANS
First ANS definition is in terms of functions
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