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Engineering
Supply Chain Management System: This system focuses on managing the flow of materials, information, and
finances across the entire supply chain. It includes activities such as procurement, inventory management, logistics,
and distribution.
Product Development System: This system encompasses all the processes involved in bringing a new product to
market. It includes activities like market research, concept development, design, prototyping, testing, and
production planning.
Quality Management System: The quality management system ensures that products meet or exceed customer
expectations. It involves establishing quality standards, implementing quality control measures, conducting
inspections, and continuously improving processes.
Sales and Marketing System: This system is responsible for promoting and selling products to customers. It includes
activities such as market analysis, advertising, sales forecasting, lead generation, customer relationship
management, and order processing.
Production Planning and Control System: This system focuses on planning and managing the production
process. It includes activities like capacity planning, scheduling, resource allocation, production monitoring,
and maintaining optimal inventory levels.
Information Technology System: The IT system supports various functions within the organization by
providing technology infrastructure, software applications, data management, network support, and
cybersecurity.
Financial Management System: This system deals with financial planning, budgeting, accounting, and
reporting. It ensures the organization's financial stability, profitability, and compliance with regulatory
requirements.
Human Resource Management System: This system handles all aspects related to managing the
organization's workforce. It includes activities such as recruitment, employee onboarding, performance
management, training and development, compensation, and employee relations.
DIFFERENT SYSTEMS IN A SERVICE-BASED PRODUCT.
Payment Gateway
Payment Gateway:
A secure and reliable payment gateway is crucial for any service-based product. It enables customers to make
online payments conveniently and securely. The payment gateway integrates with various payment methods,
such as credit cards, digital wallets, and bank transfers, ensuring smooth and hassle-free transactions. This
system ensures the confidentiality of sensitive financial information and safeguards against fraudulent activities.
DIFFERENT SYSTEMS IN A SERVICE-BASED PRODUCT.
The product-based organization emphasizes tangible goods as the core elements of value
creation. In this system, the organization's focus lies in manufacturing, producing, and distributing
physical products. The product-based approach usually entails a more standardized and mass-
production-oriented mindset, aiming for economies of scale and efficiency. The organization
typically prioritizes optimizing the production process, ensuring quality control, and managing the
supply chain effectively.
COMPARE THE TWO SYSTEMS.
The service-based product system revolves around offering intangible solutions that cater to the specific
needs and desires of customers. It emphasizes the provision of services as the primary means of
delivering value. This system typically entails a customer-centric perspective, where organizations focus
on understanding and fulfilling the unique requirements of individual clients. Service-based products
often involve customization, personalization, and a high level of interaction between the service provider
and the customer.
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