Product management focuses on product development and brand extension, starting with market research to determine if a new product or modification to an existing product line is feasible. Development culminates in a prototype release, followed by product marketing and release. Feedback is used to review the market for new gaps and the cycle begins again. […]
The product lifecycle approach helps companies make decisions based on industry knowledge and strategies, with products viewed through four stages. Benefits include better decision-making, planning for the future, and the ability to control a product’s trajectory. Analyzing competitors’ decisions can lead to implementing strategies to extend a product’s profitability, and the approach can also aid […]
A unit production manager oversees film, television, or theater projects from start to finish, ensuring they stay on budget and schedule. They estimate costs, create a budget, secure locations, hire staff, arrange equipment, and ensure compliance with regulations. They also write daily reports and delegate tasks. A unit production manager, sometimes referred to as a […]
A production analyst manages computer programs and processes in large organizations, with tasks including scheduling and running jobs, managing resources, and performing system maintenance. This is a mid-level position with significant responsibility, and errors can have a major impact on the organization’s technical infrastructure. A production analyst is a member of the information technology department […]
Manufacturing overhead, or factory overhead, includes indirect costs incurred during the manufacturing process, such as supervision, equipment depreciation, and supporting departments. Accountants must correctly allocate these expenses and keep up with government regulations to calculate taxes owed. Also known as manufacturing or factory overhead, manufacturing overhead involves costs incurred as part of the actual manufacturing […]
Product engineering managers oversee teams of designers, assemblers, and testers to ensure quality, efficient, and cost-effective production. They also handle human resource responsibilities and specialize in specific types of manufacturing facilities. An advanced engineering degree and strong leadership skills are required for this role. A product engineering manager supervises workers in a factory or research […]
Production efficiency is achieving the highest level of production while using the least amount of resources without reducing quality. Evaluating manufacturing efficiency involves evaluating each stage of the manufacturing process. True production efficiency is achieved when no additional units can be produced without generating any loss. Balancing the production of different goods and services within […]
A film production assistant performs various tasks on a film set, from administrative duties to equipment procurement and film editing. Multitasking, time management, computer proficiency, and good communication skills are essential. This position is a stepping stone to more professional and lucrative jobs in the film industry. No educational requirements or work experience prerequisites are […]
Product development directors oversee policies, research, and manage teams to ensure successful product development. They review financial proposals, delegate responsibilities, and possess technical and marketing skills. Advanced degrees and over ten years of experience are common requirements. Product development directors work in many industries and play a critical role in the ultimate success and profitability […]
A product flow diagram outlines the sequence of events in manufacturing a product, identifying each stage in a logical sequence to ensure productivity. It can be used in different settings and helps eliminate waste and keep labor costs reasonable. Adjustments can be made to compensate for changes in products. A product flow diagram is an […]
Productive efficiency is achieved by creating as many goods as possible with the least possible inputs, while allocative efficiency measures the impact of goods on society. The goal is to reach the production possibilities frontier, which can be extended through technological advances. Market forces determine efficiency, and a competitive market is more efficient. Allocative efficiency […]
A technical product specialist supports sales teams by demonstrating product features and benefits to potential customers. They analyze customer needs and recommend updates to products to better compete in the market. A bachelor’s degree in a technical field is required, and salaries range from $63,000 to $136,000 per year. A technical product specialist is responsible […]
A production function evaluates the relationship between a firm’s output and its inputs, including capital, labor, land, raw materials, and technology. By analyzing each aspect of the production cycle, waste can be reduced, operating costs lowered, and profits increased. This concept can be applied to businesses of all types and sizes. A production function has […]
Production lead time is the time between order placement and delivery. It includes order processing, preparation, setup, run time, quality control, packaging, and shipping. Manufacturers estimate delivery times and keep records of previous orders to provide accurate estimates. Production lead time is the amount of time between placing an order and receiving the order from […]
Production management involves all aspects of product manufacturing, including assembly design, quality control, and employee management. It also involves caring for employees, the community, and adhering to the company’s mission while planning for the future. Production management refers to all aspects of the product manufacturing process. Operating a manufacturing facility involves accountability for the process, […]
Product support specialists assist customers with purchasing, installation, and troubleshooting decisions. They may also participate in public relations activities and develop documentation and manuals. Excellent communication skills and industry knowledge may be required. A product support specialist works closely with customers to keep them satisfied with the company’s offerings. Representatives can help people with purchasing, […]
The 1930 Production Code aimed to remove objectionable content from movies, with clear guidelines on what was allowed. It showed bias and banned things like toilets. The code was dissolved in 1968 for a ratings system, which is still criticized for bias and censorship. The 1930 Production Code, sometimes called the Hays Code, was a […]
