Production process , Other Management

Assignment Help:

Production Process 

Let us begin our discussion with the production process.  The production process for any project begins soon after the research and development department finalises the design/development of the product. The project under reference may be any one of the following types or combination of any of them: 

  • Collaborative project:  In this type, the project collaborator will arrange to provide the complete know-how to the project producer/contractor. The transfer of know-how will be in the form of detailed technical drawings, processes, technology, equipments used and so on, for the producer to manufacture the equipment and market the same directly or through the collaborator. Transfer of technology in case of complex projects takes place in phases, spread over a period to facilitate organising/absorption of the same by the recipient. On many occasions, the producer develops a part of the equipment or units and the collaborator develops a part of it .The project shapes to total equipment for an application after integration. This normally happens when a project design involves a multidisciplinary technology, where each one of the company is specialised in their field. The benefits of collaborated projects are easy availability of technology for projects with no development hassles at a cost of course. However, the producer/marketer should hasten up to absorb the technology, produce and market the same to get returns to cover up investment before it is outdated. 
  • Total in house development project: In this type of project, the project is totally developed in house with each Research and Development (R & D) group specialising in their own field and developing their part of the equipment. The development cycle for the project takes its own toll due  to the cycle time, with the result that only companies existing in the product field can afford to take up. 
  • Integrators:  In the present age of high tech equipment for complex projects, companies resort to design a system with bought out units and sub unit from different manufacturers specialised in each of them. The system designer integrates these units, tests them and conducts field trials before installing the same to complete the project. Any new product has to go through the product life cycle of introduction, growth, maturity and decline. Time scales in each of these stages vary depending on the nature of the project, the technology involved in it and so on. Projects of certain nature like drugs and pharmaceuticals involve a long cycle and extensive field trials before the approvals by statutory authorities prior to release.  

Related Discussions:- Production process

North american free trade agreement (nafta), North American Free T r...

North American Free T rade Agreement (NAFTA) It is a multilateral accord among the United States, Canada, and Mexico.  It is also preferred to as the (NAFTZ) North

Passing of bills - document accessioning, Passing of Bills: The variou...

Passing of Bills: The various jobs involved in the Bill Passing Work are:  •  Checking •  Certifying  •  Passing  •  Transmitting  A,  serious risk involved  in

Purchase order/contract, Purchase Order/Contract  A purchase order/cont...

Purchase Order/Contract  A purchase order/contract is issued to the supplier/contractor. The offer once accepted by the supplier/contractor becomes a legal contract by which th

Explain the philosophy behind quality management system, Question 1: (a...

Question 1: (a) Explain the basic philosophy behind quality management systems such as those specified in ISO 9000:2000 series. (b) Discuss how an effective quality manageme

Define the concepts of culture and cultural tourism, QUESTION Culture h...

QUESTION Culture has become an essential element of the tourism system. Cultural tourism is also frequently quoted as being one of the largest and fastest growing segments of g

History of project management, H i story of project management While ...

H i story of project management While quality management was developing, around the same time a number of events led to the need for better project management. In the 1950?s

What do you understand by contract management, QUESTION When a company ...

QUESTION When a company is forming long-term outsourcing relationship with another company, the foundation of the success of the venture is a good contract management (a) Wh

Different types of hospitality offering businesses, Question 1: (a) Sho...

Question 1: (a) Show what is meant by the managerial environment? Illustrate your answer with specific examples using both internal and external environmental influences within

Direct ordering with publishers and standing vendor method, Direct Ordering...

Direct Ordering with Publishers: Due to the inefficiency of local booksellers,  many a library has resorted to the practice of directly ordering with publishers or their local

Spontaneous or intentional communities of practice, S pontaneous or intent...

S pontaneous or intentional Most of the Communities of practice begins without any intervention or the development effort from the organisation. The members spontaneously join

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd