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What is NPD Process in Production Management about?

New Product Development (NPD) is a systematic process that involves designing, creating, and introducing new products to the market, integrating creativity, strategy, and operational efficiency. The NPD process includes stages such as idea generation, product design, supply chain planning, pilot production, full-scale launch, and post-launch review, with a focus on cost management, innovation, capacity planning, and sustainability. Operations management plays a crucial role in optimizing processes, allocati

Author

Pankaj Bhatt

Language

EN