The R&D phase of in the product life cycle is merely a part of the commercial production process which involves raw material sourcing, processing and packaging of the product, registration with the appropriate agencies (e.g. NAFDAC), trademark registration, product launch etc.
Research and Development
Dr. Olaniyi Opanuga, President, Nigerian Institute of Production Management has called on Research and Development (R&D) institutions and agencies in the country to partner with professional production and operations managers for greater impact especially in the areas of capacity building for wide and better application of innovative technologies, entrepreneurship development, rapid industrialization and social economic development.
The R&D phase of in the product life cycle is merely a part of the commercial production process which involves raw material sourcing, processing and packaging of the product, registration with the appropriate agencies (e.g. NAFDAC), trademark registration, product launch etc.
Production management has to do with value addition to satisfy the needs and requirements of the consumers. The application of science and technology by production managers helps to improve quality, productivity and drive innovation. R&D helps to translate idea into “product” reality, improve processes, increase competitiveness, profitability and growth.
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