Product and Service Life Cycle Notes: Definitions & Explanations PDF | Download eBooks
Study Product and Service Life Cycle lecture notes PDF with supply chain management definitions and explanation to study What is Product and Service Life Cycle?. Study product and service life cycle explanation with SCM terms to review supply chain management course for online MBA programs.
Product and Service Life Cycle Definition:
A generalized model of the behaviour of both customers and competitors during the life of a product or service; it is generally held to have four stages: introduction, growth, maturity and decline.
Operations Management by Nigel Slack, Alistair Brandon-Jones, Robert Johnston
Product and Service Life Cycle Notes:
The product or administration life cycle is a procedure that pursues the various stages that an item or administration experiences. The existence cycle is separated into four phases that help to recognize where in the market the item or administration is at the present time. We should investigate the various stages that each new item or administration will experience. The presentation phase of the item/administration life cycle is the point at which a business is propelling an item or administration into the market for the world to see. For this exercise, how about we utilize an item called Fab-O-Riffic, a spic and span clothing cleanser. In the presentation arrange, Fab-O-Riffic is brought into the market for individuals to buy. This stage is structured with the goal of expanding the consciousness of Fab-O-Riffic with an end goal to show signs of improvement familiar with the item or administration.
Keep Learning with Supply Chain Management Notes
What is Labor Specialization or Job Specialization?
It is a process of individuals developing skills and expertise including training to perform tasks. The main example of this ...
What are Performance Standards?
Execution gauges furnish the worker with explicit execution desires for each real obligation. They are the detectable practices and activities ...
What is Importance Performance Matrix?
A vital stage in the detailing of activities system is the determination of a positioned (or appraised) rundown of focused ...
What is Critical Path Analysis?
It is a technique used in project management that requires the mapping of activities which must be required to complete ...
What is Evidence-Based Problem Solving?
Evidence based critical thinking is a way to deal with critical thinking which has be connected to a wide scope ...
What are Pareto Charts?
It is called bar graph that represents the cost or frequency with money or time and then arranged with the ...