Manufacturing automation. Automated manufacturing systems operate in the factory on the physical product. They perform operations such as processing, assembly, inspection, or material handling, in some cases accomplishing more than one of these operations in the same system.
The strategic business plan is a statement of strategic and forward-looking company goals and objectives and focuses on profitability, productivity, customer lead times, and other key areas for the business. The plan gives general direction about how the company hopes to achieve its objectives.
Product Concept design is also a vital phase in product development. Various aspects of a product are also looked into at product design process.