Understanding Product and Process Life Cycle

Understanding the life cycle of a product or process is important to understanding how to use resources. In addition, the success of a product or service may be affected by understanding the life cycle. According to Gherasiam (2011), the life of the product is limited, product sales are different in the stage of evolution, profit level varies at each stage of the life cycle The marketing strategy varies from stage to stage. Whether it is a product or a process, the manufacturer or company needs to understand the stage of the product or process over its lifecycle.

New role: This is not a problem. Equally important, product managers need to understand the complete product lifecycle process in a more complete and complete manner to make better decisions. Therefore, the candidate may have been involved in one or more processes in the product lifecycle, but he / she may well be well suited for his / her product will role, will, skill, knowledge and wisdom I do not. The madness you want to make great products and make them succeed is what you need. B2B or B2C: Each product will be a corporate user or consumer in a B2C environment, or other end user in a commercial / product format. It is important for product managers to make the products useful and valuable to this end user based on the business model they follow.

Understanding the life cycle of a product or process is important to understanding how to use resources. In addition, the success of a product or service may be affected by understanding the life cycle. According to Gherasiam (2011), the life of the product is limited, product sales are different in the stage of evolution, profit level varies at each stage of the life cycle The marketing strategy varies from stage to stage. - Overview of the supply chain concept In today's competitive business environment, many companies are faced with the difficult task of managing the supply chain. In order to gain a competitive advantage, companies need to make important decisions, including logistics and operations management, and move products and services throughout the supply chain. With the realization and appeal of the Internet, supply chain management will be easier for commercial companies.