Information And Technology ( Ict )

In the manufacture industry, the SC includes of acquiring raw materials from suppliers, producing products by the acquired resources in a factory, storing raw materials and finished products in warehouse, and delivering the finished products to customer (retailers or end consumers). This process covers functions as production forecasting and planning, storage, logistics and distribution.

Information Technology (IT) projects are an important part of a company's growth and advancement. Playing a key role in the development of most businesses, IT projects impact all departments and many work processes that take place throughout an organization. Certain factors must be taken into consideration when moving forward with an IT project, such as budget and importance. Effectively prioritizing IT projects helps to ensure that important projects are completed first. Using Project Portfolio Management (PPM) helps companies to identify projects that offer the most potential

produce, what products engineering can design, and what the company itself can do best, has a(n) _____

The product life cycle concept derives from the phases through which a product undergoes, from its introduction, to its growth in the market, to the maturity it attains in that market, to the very last stage of declination. The

The flow of communications between marketing, operations, material control and supply management should be greatest at the end of a product's life cycle.

The beneficiary should have adequate process knowledge that helps maintain the quality standards. In the present scenario, there is an increased demand to improve the standards to meet the regulatory requirements and stay ahead of the competition by means of faster commercialization of product. With the implementation of regulatory compliant data management tools, teams can meet these demands. Additionally, it is becoming mandatory

Product life cycle refers to the stages that a product. Changes in demand for the product is the factor that delineates the changes from one cycle to another (Daft & Sanders, 2012). The typical product life cycle has four identifiable stages;

Process mapping describes the relation of the individual activities within our process and how they must be carried out.This provides valuable information about a process to help management find ways to make the process even better.The mapping provided clear and straightforward data that can be easily interpreted. With this approach I feel the staff can vent out their frustration and become comfortable with providing candid information in their work processes.

Product data management(PDM). This term is gotten from engineering data management. It can be found majorly in the area of computer-aided design (CAD).

The various issues incurred during the management of Product development are discussed and how successful companies have dealt those situations. Today’s effective product development organization is characterized not only by creativity and freedom, but discipline and control in scheduling, resource use, and product quality.

2.2 New Product Life CycleProduct Life Cycle is a well-known framework in marketing products typically goes through four stages: introduction, growth, maturity and decline. At each stage, marketing strategy varies.

- Product life cycles (PLC) are the stages that a product goes through during its life cycle in the market. Product life cycle is used in order to show current stage of the product or the company at present which including four stages, Introduction, Growth, Maturity and Decline. PLC is useful for determining the current market position and it is significant for the company to adapt their product or brands marketing strategy to the

This document play a vital role in the development of life cycle (SDLC) as it describes the complete necessity of the system. It means for utilization by developers and will be the essential during testing stage. Any progressions made to the prerequisites in the future will have to go through formal change approval process.

Management has its role in all the spheres of a product’s life and by this; it has not left any sphere of market unexplored. Both, in national or international market, management has to cope with the demands of the public. The public wants to invest in the best possible places and desire the best return which is why the the market needs to develop according to the requirements of its users. Although the user is the end point as far as the product is concerned,but in the life of a product it has to go through numerous places, and face challenges at different levels. Here, we will discuss the challenges which a product faces, when it is in the process of planning, implementing and monitoring. Given below are the issues related to functional areas of management.

Product planning distribution and management are very vital in the production and distribution of very manufacturing organization. Before ever a manufacturing company should come out with a good quality product, it must undergo many processes, from planning for either short range or long, fore casting doing market research and consumer survey, protesting the product and introducing the product to the market through different channels of distribution.