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All products go through a typical life cycle from introduction to decline. The life cycle may be just a few days or months (clothes) to decades (airplane). Regardless of the span of the life cycle, operations managers must perform the same task: to plan and build a system that successfully introduces the new product to the market.
For this activity, select an existing product that is currently available in the marketplace. Analyze and discuss the full life cycle of your chosen product. Indicate where in the life cycle your product stands, and project when the product’s life cycle will end.
Read the following chapters from your textbook, Operations Management: Sustainability and Supply Chain Management, 14th edition (Heizer, Render, & Munson, 2023):
• Chapter 5 – Design of Goods and Services
• Chapter 7 – Process Strategy
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