Product Lifecycle Management
A product’s lifecycle involves a set of processes from inception of a product to engineering and manufacturing, and constantly gathering data to evaluate its performance. But in order to make a design or product lifecycle development effective, we believe that some key areas should be addressed:
- Innovations: In order for products and services to stand out in the market, it is important to have some new and unique ideas incorporated. They should also be benchmarked for international standards to create competiveness. A product can also be outsourced for development through R&D activities.
- Project Management: It involves planning, organizing and utilizing resources to achieve the goals of the project. Team of engineers and business professionals at QRInno is skilled to manage various kinds of projects. Having a partnership with QRInno, companies and organizations can outsource its supply, technology, marketing, customer relationship, engineering and strategy management, and focus on core parts of a project.
- Risk Management: Every product or service has some risks involved when entering a new venture or market. A new product or service is tested by customers before a business can evaluate its success. But in order to keep risks and losses to minimum, QRInno can introduce countermeasures to balance risks with profits and high returns. By conducting an environment analysis of a new market, we can highly reduce risks involved and maintain a healthy balance between risks and profit.