Product Development 1 Exam 1

Product Life Cycle correct answers -Product Development -Sales Team Promotes samples -pre-production Product Development correct answers The strategic, creative, technical, production and distribution planning of goods having a perceived value. Apparel Supply Chain correct answers A complex network of suppliers, product developers, manufacturers and contractors working together to bring apparel from concept to the consumer. -bypass the middleman and make more profit , changed in the 80's. There used to be a difference between companies that produced textiles, those that produced apparel and those that sold apparel. Traditional Linear Supply chain correct answers Agriculture, fiber production, textile production, apparel manufacturing, retailers, final consumer Agile Manufacturing Environment correct answers A response to the challenges of profiting from rapidly changing, fragmenting global markets for high- quality, high performance, customer-specific products and services. -Today's business environment requires that companies be more flexible in their approach to how they do business) Agility correct answers -Companies must identify their CORE COMPETENCIES- what they do best. -Partner with other companies specialize in what THEY do best -Produce CUSTOMER SPECIFIC products in the best, most economical and efficient way possible. (these more agile supply chains enhance the product developer's ability to compete in product innovation, cost, speed to market, manufacturing expertise, sustainability, access to technology, etc. ) Collaborative Supply Chain correct answers Interactive NETWORKS OF INDEPENDENT MANUFACTURING SPECIALISTS who COMBINE COMPLIMENTARY RESOURCES AND SKILLS to produce a particular product in a cost-effective, timely manner. In order to insure a successful use of supply chain Product Developers must: correct answers -Consider suppliers input on how a product or process can be improved. - Pay a fair price rather than haggle for a price that may force the vendor to cut corners. -require vendors to adhere to processes that do not jeopardize the health and safety of workers -help suppliers to do no harm to the planet in the course of supplying their services.