Business Administration-Production

This week we looked at the production process and how to layout a production facility.  There are a number of factors that need to be considered prior to designing a production facility.  These are:

1. The production process itself
2. Where are the inputs coming from?
3. What method of material handling will be required?
4. Process layout
5. Production layout

All companies should be involved in research and development to help them develop a new product or service to meet the changing needs of their customers/clients.  There are a number of stages involved in developing a new product or service.  These include:

1. Idea generation
2. Idea screening
3. Concept development and testing
4. Market strategy
5. Business analysis
6. Product development
7. Test marketing
8. Commercialisation