Whois & Analysis for arenasolutions.com

Requirements management is the process of documenting, analyzing, tracing, prioritizing and agreeing on requirements and then controlling change and communicating to relevant stakeholders.

It is a continuous process throughout a project.

A requirement is a capability to which a project outcome (product or service) should conform.

In industry, product lifecycle management (PLM) is the process of managing the entire lifecycle of a product from inception, through engineering design and manufacture, to service and disposal of manufactured products.

PLM integrates people, data, processes and business systems and provides a product information backbone for companies and their extended enterprise.

A supply chain is a system of organizations, people, activities, information, and resources involved in.

A quality management system (QMS) is a collection of business processes focused on consistently meeting customer requirements and enhancing their satisfaction.

It is aligned with an organization's purpose and strategic direction (ISO9001:2015).

It is expressed as the organizational goals and aspirations, policies, processes, documented information and resources needed to implement and maintain it.

Early quality management systems emphasized predictable outcomes of an industrial product production line, using simple statistics and random sampling.

By the 20th century, labor inputs were typically the most costly inputs in most industrialized societies, so focus shifted to team cooperation and dynamics, especially the early signaling of problems via a continuous improvement cycle.

In the 21st century, QMS has tended to converge with sustainability and transparency initiatives, as both investor and customer satisfaction and perceived quality is increasingly tied to these factors.

Of QMS regimes, the ISO 9000 family of standards is probably the most widely implemented worldwide – the ISO 19011 audit regime applies to both, and deals with quality and sustainability and their integration.

In marketing, a product is anything that can be offered to a market that might satisfy a want or need.

In retailing, products are called merchandise.

In manufacturing, products are bought as raw materials and sold as finished goods.

A service is another common product type.