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(PDF) New Product Development (NPD) Process

   

Added on  2021-02-20

11 Pages3090 Words132 Views
Business DevelopmentData Science and Big Data
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(PDF) New Product Development (NPD) Process_1

Table of ContentsINTRODUCTION...........................................................................................................................3COMPANY OVERVIEW ..............................................................................................................3New product/service development and process .........................................................................4JIT, Lean and Agility .................................................................................................................5T ripple bottom line ....................................................................................................................7CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9
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INTRODUCTIONSupply chain management refers to the term that include different activities starting fromraw material, work in progress till the product get manufactured and converted into finishedgoods. Furthermore, it is distributed to the final user of the product or services. It includesdifferent activities such as refining, design, manufacturing, packaging and transportation. Thereare five components that are included in supply chain such as planning, sourcing, making,delivering and returning it to the customer. It is important for industries to maintain quality inmanufacturing product or providing services to its customers. On the other hand, new productdevelopment is an approach of bringing new product or services in the market for satisfyingconsumer needs and demands (Fahimnia, Sarkis and Davarzani, 2015). Just in time is anotherelement in supply chain that enable providing product and services on time so that it will help infulfilling demands of consumers in the market. This aims at continuous improvement inmanufacturing process that help in providing better quality products in the market. There areseveral methods that are included in supply chain planning as gathering data from differentsources, providing lean principles by increasing visibility and lastly maintaining standard whilemanufacturing product in the company. It plays an important role in an organization that help inboosting best customer service, reducing operating cost and improving financial position ofcompany in the future. Report mainly emphasized on new product/ service development anddifferent aspects of managing quality. COMPANY OVERVIEW Glen field hospital is also known as Glen-field General Hospital that is situated inLeicester city of United Kingdom. It is most famous hospital that specialize for coronary careand respiratory diseases. This will be managed by University Hospitals of Leicester NHS Trust.This hospital is manufactured in different phases that takes more time in building hospital for thefuture. Opening ceremony of the hospital is done by Duchess of Kent in March 1986. Then inDecember a successful surgery was completed of a baby girl that is having growing stomachexternally (Wang and et. al., 2016). It is also having centre in east Midlands that served 5 millionpeople and doing treatment of 230 children and 70 adults in a year that closely focuses onsurgical expertise in different location in United Kingdom. It is also providing non-surgicaltreatment and diagnosis to its patients. In august 2012 it was carried out world's firstpercutaneous coronary intervention procedure on a two year old child.
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