Question

could you please put this into a paragraph.

2. Prepare a list of disadvantages of excluding supply management and suppliers from the new product development process.

1.) Quality issue bringing about upgrade, modify, retrofit and field disappointments

2.) Cost Overruns

3.) Failure to perceive issues in a convenient way

4.) Foregone cost sparing

5.) Major planning issues.

Answer 1

Disadvantages of excluding supply management and suppliers from the new product development process

New product development is full of risks and problem and hence the organization should pay enough attention to the process of new product development. If the organization excludes supply management and suppliers from the new product development process, it may create several issues for the organization. The first and foremost disadvantage is the quality issue. The quality of the product will reduce. It would be very tough to upgrade or redesign the product. Apart from this, the cost of the product will increase significantly. Lack of supply management, as well as suppliers, may lead to a huge cost to the organization. The organization will also fail in identifying the problem and resolving it. The organization cannot perceive the issues in a convenient way and hence issues cannot be resolved easily. There is also an issue of forgone cost sparing. Excluding supply management and suppliers may lead to sparing the foregone cost. One of the major disadvantages is that there will be a problem in planning. The project cannot be scheduled properly and delivered on time. allocation of the resources will also be affected.