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Procurement and Acquisition

Procedures/processes contributing to the integration of standardization and simplification in developing specifications for new products.

How these procedures/processes contribute to the more effective and efficient development of these specifications? What is the role of purchasing and supply management professionals in the facilitation of these procedures/processes?

How can the use of cross-functional teams benefit the development of new or improve existing products?

Solution Preview

The process that contributes to the integration of standardization and simplification in developing specifications for new products begins with seeing the importance of product specification. In several products, the specification and simple communication of these specifications leads to sales. For instance, standardization of specifications can lead to a 15% increase in sales. The company must decide what each specification communicates and the how much the specification should communicate. The next step in specification development that integrates standardization and simplification is to understand the target market. This means ascertaining the target market, the benefits of the new product to the target end user, and the number users is your company aiming at. It is also necessary to know where the target market is located, what criteria they will use to evaluate the new product and ...

Solution Summary

This solution discusses procedures/processes contributing to the integration of standardization and simplification in developing specifications for new products etc. in 465 words.

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