Posted: February 21st, 2015

relationship between mass customization and rapid product development

Question

What is the Relationship between Mass Customization and Rapid Product Development? 

Answer

Mass customization of products is that process by which the products are customized quickly for an individual customer by relying on the forecasts which are limited and also on the inventory. In this way, the key aspect of mass customization is to create such products which would satisfy many requirements. On the other hand, new product development in complete sense is to bring a new product in the market (Ulrich, 2004). The relationship between……..place your order now to access full answer…..