Product lifecycle is a crucial aspect of industrial design and product development. It refers to the stages a product goes through from its inception to its eventual retirement. These stages include ideation, design, development, manufacturing, marketing, and finally, disposal. Understanding the product lifecycle is essential for companies to make informed decisions about product development, marketing, and profitability.
The first stage of the product lifecycle is ideation, where the concept of the product is developed. This stage involves market research, brainstorming, and idea generation. The second stage is design, where the product is designed based on customer needs and wants. The third stage is development, where the product is developed into a prototype. The fourth stage is manufacturing, where the product is mass-produced. The fifth stage is marketing, where the product is advertised and sold. The final stage is disposal, where the product is retired from the market.
Each stage of the product lifecycle requires careful planning, execution, and evaluation to ensure that the product meets customer needs and is profitable for the company. Industrial design and product development companies must have a thorough understanding of the product lifecycle to deliver successful products to the market.
PQP Design Co., Ltd
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We offer service from design to manufacturing covering product strategy, industrial design, mechanical design, prototype, engineering, mold making, manufacturing.
We have been offering a unique and fast-paced design solution for Individuals, Startups, and Corporations from all over the world. We work in a vast array of sectors from home & commercial appliances, baby supplies, consumer electronics, beauty & personal care, household sundries, sport & outdoor, lighting, health & medical, pet suppliers, etc.