Verified Document

Holistic Approach To New Product Term Paper

Over the course of his essay, Tracey attempts to demonstrate that his research and outside empirical support justifies his desire to include more parties early in new product development. Use all available data when deciding to embark upon a new product, he suggests, rather than later on, after the decision to develop the product has been made. The participation of all involved members, he believes, can have a positive and demonstrated impact upon a new product's manufacturing efficiency, thus increasing profits from the get-go, and mitigating some of the inevitable losses that occur early on in production.

Tracey believes that a new product's agility and receptivity to market forces can be enhanced with the additional input. Also, by improving delivery service through involving suppliers and distributors, one can also cut costs. Lastly, by integrating all of these members in the developing product's supply chain, overall organizational performance in development is enhanced and facilitated.

Parts of this document are hidden

View Full Document
svg-one

However, he mitigates the frequent turf wars that can occur by involving as multifaceted a supply chain as he proposes. Although things work well holistically, when all parties are truly and willingly 'on board' with the new concept, often individuals may have competing interests, particularly distributors, suppliers, and customers who deal with many other organizations.
Tracey's article thus does demonstrate the difficulty in synthesizing ideal, theoretical performance with practices. In a relatively well-integrated industry, with few conflicts between competing methods, his advice should be taken to heart. However, whether his message is true for all industries remains in doubt.

Works Cited

Tracey, M. (2004) "A Holistic Approach to New Product Development: New Insights." Journal of Supply Chain Management. Vol. 40. No. 4, pp. 37-55.

Sources used in this document:
Works Cited

Tracey, M. (2004) "A Holistic Approach to New Product Development: New Insights." Journal of Supply Chain Management. Vol. 40. No. 4, pp. 37-55.
Cite this Document:
Copy Bibliography Citation

Related Documents

Systems Thinking in New Product Development
Words: 6523 Length: 20 Document Type: Term Paper

Abstract A case study of a tech start-up reveals some of the challenges associated with implementing systems theory in new product development. This area of study hold promise, but there are some implementation issues in the real world that have been identified and perhaps in need of further exploration. Introduction Systems thinking focuses on the interrelatedness of different systems, different roles and different disciplines. The system is not simply a set of parts,

Holistic Skin Care Vs. Conventional
Words: 1596 Length: 5 Document Type: Term Paper

PRWeb.com). Other less scientific-sounding remedies for preventing premature aging of the skin are suggested by Women to Women (www.womentowomen.com); for one, "drink plenty of water, which helps maintain internal balance"; for another, in order to repair damage to the body's cells, the site recommends antioxidants such as: Vitamin C, Vitamin E (rice bran oil and palm fruit oil), Coenzyme Q-10, Alpha-lipoic acid, dimethylaminoethanol (found in fish), carotenoids (found in the yellow

Future of Holistic Medicine Holistic
Words: 6156 Length: 20 Document Type: Research Proposal

This is inherently different from the effort to promote health by simply avoiding sickness. In this context, one may view the lack of health at five levels: Dissatisfaction Discomfort Disability Overt disease Death or dying (Rosch, n.d.). While we would normally tend to view these as progressive and more severe stages of illness, they might be accorded equal weight on a holistic scale which measures total health. Another distinction that follows from the above is

Branding New Service Dominant Logic
Words: 12522 Length: 50 Document Type: Dissertation

Branding in Service Markets Amp Aim And Objectives Themes for AMP Characteristics Composing Branding Concept Branding Evolution S-D Logic and Service Markets Branding Challenges in Service Markets Considerations for Effective Service Branding Categories and Themes Branding Theory Evolution S-D Logic and Service Markets Branding Challenges in Service Markets Considerations for Effective Service Branding Branding Concept Characteristics Characteristics Composing Branding Concept Sampling of Studies Reviewed Evolution of Branding Theory Evolution of Marketing Service-Brand-Relationship-Value Triangle Brand Identity, Position & Image Just as marketing increasingly influences most aspects of the consumer's lives, brands

Information System Management, Zackman's Approach
Words: 1959 Length: 6 Document Type: Article Review

Ideally, Zachman thinking pattern has been challenged by time and fails to address challenges in a real-time basis collectively. Such a basis would agree that a superior usage of technology is not near-change mechanism. Zachman argues that a communication breakdown exists in the organization (by that time) because it handled the frameworks differently. This was not in line with the requirements of a desirable organization. Further to this, communication

Strategic Plan and Analysis of New Commercial Endeavor
Words: 2994 Length: 8 Document Type: Term Paper

Strategic Plan & Analysis of New Commercial Endeavor Planning Mission statement Louisville Community Development Bank was set up in the year 1997 as a consequence of a scheme by Louisville mayor Jerry Abramson and a team of business, community and religious leaders to ensure betterment of the Louisville inner city. The Bank's mission is to inspire economic growth with the West End and the Smoke town, Shelby Park and Phoenix Hill localities of

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now