Product
Management
Product
Management is the process of dealing
with the planning or marketing of a
product for all stages of the products
lifecycle.
Product Management typically follows two
sequential processes: product planning
and product marketing.
Processes:
Product planning consists of: defining
new products, gathering market
requirements, building product roadmaps,
particularly technology roadmaps,
Product Lifecycle considerations,
product differentiation.
Product Marketing consists of: product
positioning and outbound messaging,
promoting the product externally with
press, customers, and partners, Bringing
new products to market, monitoring the
competition.
Program management consists of: product
portfolio management.
Project management consists of: managing
timeline, scope, and budget to bring a
product or new release to market.
Technology Lifecycle
New
Technologies follow what is called a
"technology lifecycle" which describes
the technologies maturity into a viable
product through to its obsolescence
wither planned or not.
Technology adoption and maintenance are
difficult arenas to manage as industry
lifecycles are unpredictable. New uses
of resources must be continually updated
or become laden to being sidelined by
new, more exciting emerging
technologies.
Lifecycle
terms:
Bleeding edge
Leading edge
State of the art
Dated
Obsolete
Manufacturing
Manufacturing
can be categorized as an industry that
makes products from raw materials by the
using of manual labor and/or machinery.
Manufacturing articulates the
fabrication or assembly of parts into
finished products on a fairly large
scale. The most common manufacturing
industries include production of
aircraft, automobiles, consumer
electronics, chemicals, clothing,
computers, heavy machinery, refined
petroleum products, ships, electrical
equipment, furniture, steel, and tools
and dies.
Manufacturing is categorized based on
industries and can be described
dependent on the production of the
specific parts or assemblies relative to
each category. Some manufacturing
processes include the automotive
industry; aerospace industry; ship
construction; chemical industry; soap
and detergent; industrial polymers,
major; mineral deposit; textile; dye;
pharmaceutical industry; explosive;
elastomer; plastic; man-made fiber;
surface coating; adhesive; papermaking;
building construction; clothing and
footwear industry; floor coverings;
furniture industry; electronics; food
preservation; industrial ceramics;
industrial glass; printing. Some
manufacturing topics include automation;
production system; industrial relations.
The Economy of
manufacturing
According to
many economists, manufacturing is the
wealth-producing sector of an economy,
opposite to the service sector which
tends to be wealth-consuming. Economists
who favor a strong manufacturing output
oppose the outsourcing of manufacturing
for the sake of producing cheap labor.
Emerging technologies provide new growth
in advanced manufacturing employment
opportunities. Furthermore,
Manufacturing itself provides important
material support for each nations
infrastructure and for its national
defense.
Sequentially, any form of manufacturing
has social and environmental impacts on
the ensuing nation to be considered.
Hazardous waste can affect the
environment as hazardous materials can
expose workers to health risks. Very
often the more developed countries can
regulate manufacturing activity by
utilizing labor and environmental laws.
In the United States manufacturers are
subject to regulations by the
Occupational Safety and Health
Administration and the Environmental
Protection Agency. In Europe, pollution
taxes to offset environmental costs
regulate manufacturing activity. Labor
Unions play an important a role in the
negotiation of worker rights and wages.
Environment laws and labor protections
that are usually available in most
developed countries may not be available
in some third world countries.
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