Product and Service Design Flashcards
the capability of an organization to produce an item at an acceptable profit
Manufacturability
the capability of an organization to provide a service at an acceptable cost or profit
Serviceability
dismantling and inspecting a competitor’s product to discover product improvements
Reverse Engineering
(Basic, Applied, Development) Research has the objective of advancing the state of knowledge about a subject without any near-term expectation of commercial applications.
Basic Research
(Basic, Applied, Development) has the objective of achieving commercial applications.
Applied Research
(Basic, Applied, Development) converts the results of applied research into useful commercial applications
Development Research
The responsibility a manufacturer has for any injuries or damages caused by a faulty product.
Product Liability
These are ______ costs in product liability:
- Litigation
- Legal and insurance costs
- Settlement costs
- Costly product recalls
- Reputation effects
Accompanying Costs
Under the UCC or _______ _______ _______, products imply merchantability and fitness
Uniform Commercial Code
Using resources in ways that do not harm ecological systems that support human existence.
Sustainability
The assessment of the environmental impact of a product or service throughout its useful life
Cradle-to-grave or Life cycle assessment
______ Analysis is the examination of the function of parts and materials in an effort to reduce the cost and/or improve the performance of a product.
Value Analysis
_______ is refurbishing used products by replacing worn-out or defective components
Remanufacturing
Can remanufacturing be performed by the original manufacturer or another company?
YES
Reasons to Manufacture:
- Remanufactured products can be sold for about __% of the cost of a new product
-The process requires mostly ______ and ________ workers.
- In the global market, European lawmakers are increasingly requiring manufacturers to take back used products
50%
unskilled and semi-skilled