Search results
Results from the WOW.Com Content Network
To be able to gain a license for telecommunication service provision to customers, a private business had to "add value" to the communications line in order to be a distinguishable service. Therefore, the notion of "value-added network services" was established to allow for operation of such private businesses as an exemption from state control.
Product design is the process of creating new products for businesses to sell to their customers. [1] It involves the generation and development of ideas through a systematic process that leads to the creation of innovative products. [2] Thus, it is a major aspect of new product development. Product Design Process:
For example, feedback on adjusting the speed of production is immediately realized in an increase or decrease in rejected items. Any decisions made must be based on best practice. On the other hand, the purpose of product development is to design new products that improve the lives of customers.
One example of a value network is that formed by social media users. The company provides a service, users contract with the company, and immediately have access to the value network of other customers. A less obvious example is a car insurance company. The Company provides insurance. Customers can travel and interact in various ways while ...
The design for lean manufacturing equation is design for lean manufacturing success = strategic values minus the drivers of design and process wastes. A good design is one that simultaneously reduces waste and delivers value. [17] [18] There are multiple drivers that cause product, process, and lifecycle wastes. [19]
Value-stream mapping, also known as material- and information-flow mapping, [1] is a lean [2]-management method for analyzing the current state and designing a future state for the series of events that take a product or service from the beginning of the specific process until it reaches the customer.
Supply chain systems configure value for those that organize the networks. Value is the additional revenue over and above the costs of building the network. Co-creating value and sharing the benefits appropriately to encourage effective participation is a key challenge for any supply system.
Industrial design is a process of design applied to physical products that are to be manufactured by mass production. [ 1 ] [ 2 ] It is the creative act of determining and defining a product's form and features, which takes place in advance of the manufacture or production of the product.