In order to bring a new product to market quickly while maximizing customer value and minimizing costs, a company should leverage:
In order to bring a new product to market quickly while maximizing customer value and minimizing costs, a company should leverage:
In order to bring a new product to market quickly while maximizing customer value and minimizing costs, a company should leverage concurrent engineering or participative design. This approach involves the parallel development of different product aspects by cross-functional teams, including input from suppliers, customers, and internal team members from the early stages of product design. This method improves efficiency, reduces time to market, and ensures that the final product aligns closely with customer needs and expectations.
D. concurrent engineering or participative design.
Concurrent engineering or participative design is a product development approach that involves cross-functional collaboration and involvement of various stakeholders, including suppliers, customers, and internal teams, from the early stages of product design. This approach allows for simultaneous and parallel development of different aspects of the product, such as design, manufacturing, and marketing, with the goal of bringing the product to market quickly, maximizing customer value, and minimizing costs.
I agree it should be D if you want to add customer value and decrease production costs