Today's organizations are facing fierce competition in the market because of a short product cycle, rapidly changing technology, changing consumer behavior and economic conditions. In this scenario, organizations that can compete on the basis of cost and quality will survive. Firms also ought to improve their supply chain through information sharing, enhancing the existing efficiencies, cooperation, and risk and reward sharing among supply chain partners. SCM, ...
The process of product innovation involves the introduction of a good or service that is new or substantially improved. This includes, but is not limited to, improvements in functional characteristics, technical abilities, or ease of use. Continued existence is the mantra in current competitive business scenario and survival without innovation is almost impossible. So every one, be it from manufacturing organization or service organization, is heavily dependent ...