Product analysis

{{Short description|Examining product features, costs, availability, quality, appearance and other aspects}}

{{notability|date=April 2017}}

Product analysis involves examining product features, costs, availability, quality, appearance and other aspects. Product analysis is conducted by potential buyers, by product managers attempting to understand competitors and by third party reviewers.{{cite web|url=http://www-materials.eng.cam.ac.uk/mpsite/tutorial/non_IE/prodanal.html|title=Product Analysis|publisher=}}{{cite web|url=http://www.technologystudent.com/prddes1/prdanl1.html|title=Product Analysis|publisher=}}

Product analysis can also be used as part of product design to convert a high-level product description into project deliverables and requirements. It involves all facts of the product, its purpose, its operation, and its characteristics.

Techniques

Related techniques include product breakdown, systems analysis, systems engineering, value engineering, value analysis and functional analysis.{{Cite web|url=http://lmit.edu.au/blog/diploma-project-management-define-product-analysis/|title=Diploma in Project Management - How to Define a Product Analysis|website=lmit.edu.au|language=en-AU|access-date=2017-05-08}}

  • Product breakdown: Recursively divide the product into components and subcomponents.
  • Systems engineering: Ensure that the product satisfies customer needs, cost requirements, and quality demands.
  • Value engineering: Consider alternative designs and construction techniques to reduce cost/increase profit.
  • Value analysis: Assess the cost/quality ratio to ensure that the product is cost effective.
  • Function analysis: Ensure that the product has features appropriate to customer requirements.

Technology analysis

{{See also|Strategic intelligence|Situational awareness|Innovation management|Category:Technological comparisons}}

Technological analysis is sometimes applied in decision-making often related to investments, policy-decisions{{cite book |title=Future-Oriented Technology Analysis |date=2008 |doi=10.1007/978-3-540-68811-2 |isbn=978-3-540-68809-9 |language=en-gb|editor-last1=Cagnin |editor-last2=Keenan |editor-last3=Johnston |editor-last4=Scapolo |editor-last5=Barré |editor-first1=Cristiano |editor-first2=Michael |editor-first3=Ron |editor-first4=Fabiana |editor-first5=Rémi }} and public spending. They can be done by a variety of organization-types such as for-profit companies,{{cite news |title=Gigafactories: Europe tools up against US and Asia as a car battery force |url=https://www.bbc.com/news/business-57382472 |access-date=27 October 2021 |work=BBC News |date=14 June 2021}} non-profit think tanks, research institutes, public platforms and government agencies{{cite journal |last1=Weinberger |first1=Nora |last2=Decker |first2=Michael |last3=Fleischer |first3=Torsten |last4=Schippl |first4=Jens |title=A new monitoring process of future topics for innovation and technological analysis: informing Germanys' innovation policy |journal=European Journal of Futures Research |date=December 2013 |volume=1 |issue=1 |pages=1–9 |doi=10.1007/s40309-013-0023-4 |s2cid=11912338 |language=en |issn=2195-2248|doi-access=free }} and evaluate established, emerging and potential future technologies on a variety of measures and metrics – all of which are related to ideals and goals such as minimal global greenhouse gas emissions – such as life-cycle-sustainability, openness, performance, control,{{cite journal |last1=Jakubaszek |first1=Anita |last2=Stadnik |first2=Artur |title=Technical and Technological Analysis of Individual Wastewater Treatment Systems |journal=Civil and Environmental Engineering Reports |date=1 March 2018 |volume=28 |issue=1 |pages=87–99 |doi=10.2478/ceer-2018-0008|bibcode=2018CEER...28a..87J |s2cid=54578649 |doi-access=free }} financial costs, resource costs, health impacts and more. Results are sometimes published as public reports or as scientific peer-reviewed studies.{{additional citation needed|date=October 2021}} Based on such reports standardization can enable interventions or efforts which balance competition and cooperation{{cite journal |last1=Van Wegberg |first1=Marc |title=Standardization Process of Systems Technologies: Creating a Balance between Competition and Cooperation |journal=Technology Analysis & Strategic Management |date=1 December 2004 |volume=16 |issue=4 |pages=457–478 |doi=10.1080/0953732042000295784 |s2cid=219645198 |issn=0953-7325|url=https://cris.maastrichtuniversity.nl/en/publications/3e34ae73-288e-462f-bd35-cac4667f7b19 }} and improve sustainability, reduce waste and redundancy,{{cite web |title=One common charging solution for all |url=https://ec.europa.eu/growth/sectors/electrical-engineering/red-directive/common-charger_en |website=Internal Market, Industry, Entrepreneurship and SMEs - European Commission |access-date=19 October 2021 |language=en |date=5 July 2016}} or accelerate innovation. They can also be used for the creation of standardized system designs that integrate a variety of technologies as their components.{{cite book |last1=Zhou |first1=Hong |last2=Liu |first2=BingWu |last3=Dong |first3=PingPing |title=Computer and Computing Technologies in Agriculture V |chapter=The Technology System Framework of the Internet of Things and Its Application Research in Agriculture |series=IFIP Advances in Information and Communication Technology |date=2012 |volume=368 |pages=293–300 |doi=10.1007/978-3-642-27281-3_35 |publisher=Springer |isbn=978-3-642-27280-6 |language=en|doi-access=free }} Other applications include risk assessment and research of defense applications.{{cite journal |last1=Affan Ahmed |first1=Syed |last2=Mohsin |first2=Mujahid |last3=Zubair Ali |first3=Syed Muhammad |title=Survey and technological analysis of laser and its defense applications |journal=Defence Technology |date=1 April 2021 |volume=17 |issue=2 |pages=583–592 |doi=10.1016/j.dt.2020.02.012 |s2cid=213597813 |language=en |issn=2214-9147|doi-access=free }} They can also be used or created for determining the hypothetical or existing optimal solution/s and to identify challenges, innovation directions and applications.{{cite journal |last1=Monika |first1=R. |last2=Samiappan |first2=Dhanalakshmi |last3=Kumar |first3=R. |title=Adaptive block compressed sensing - a technological analysis and survey on challenges, innovation directions and applications |journal=Multimedia Tools and Applications |date=1 January 2021 |volume=80 |issue=3 |pages=4751–4768 |doi=10.1007/s11042-020-09932-0 |s2cid=224993325 |language=en |issn=1573-7721}} Technological analysis can encompass or overlap with analysis of infrastructures and non-technological products.

Standard-setting organizations can "spearhead convergence around standards".{{cite book |last1=Narayanan |first1=Vadake |last2=Baburaj |first2=Yamuna |title=Oxford Research Encyclopedia of Business and Management |chapter=Technology Standardization in Innovation Management |date=31 August 2021 |doi=10.1093/acrefore/9780190224851.013.340 |isbn=978-0-19-022485-1 |language=en}} A study found that, in many cases, greater variety of standards can lead to higher innovativeness only in administration.{{cite journal |last1=Zhou |first1=Xin |last2=Shan |first2=Miyuan |last3=Li |first3=Jian |title=R&D strategy and innovation performance: the role of standardization |journal=Technology Analysis & Strategic Management |date=3 July 2018 |volume=30 |issue=7 |pages=778–792 |doi=10.1080/09537325.2017.1378319 |s2cid=205638231 |issn=0953-7325}} Tools of technology analysis include analytical frameworks that describe the individual technological artefacts, chart technological limits, and determine the socio-technical preference profile.{{cite journal |last1=Wyk |first1=Rias J. Van |title=Technology analysis and R&D management |journal=R&D Management |date=1990 |volume=20 |issue=3 |pages=257–261 |doi=10.1111/j.1467-9310.1990.tb00715.x |language=en |issn=1467-9310}} Governments can coordinate or resolve conflicting interests in standardisation.{{cite journal |last1=Kwak |first1=Jooyoung |last2=Lee |first2=Heejin |last3=Fomin |first3=Vladislav V. |title=Government coordination of conflicting interests in standardisation: case studies of indigenous ICT standards in China and South Korea |journal=Technology Analysis & Strategic Management |date=1 August 2011 |volume=23 |issue=7 |pages=789–806 |doi=10.1080/09537325.2011.592285 |s2cid=42482650 |issn=0953-7325}}

Moreover, potentials-assessment studies, including potential analyses, can investigate potentials, trade-offs, requirements and complications of existing, hypothetical and novel variants of technologies and inform the development of design-criteria and -parameters and deployment-strategies.{{cite news |last1=Yirka |first1=Bob |title=Model suggests a billion people could get safe drinking water from hypothetical harvesting device |url=https://techxplore.com/news/2021-10-billion-people-safe-hypothetical-harvesting.html |access-date=15 November 2021 |work=Tech Xplore |language=en}}{{cite journal |last1=Surinaidu |first1=L. |last2=Rahman |first2=Abdur |last3=Ahmed |first3=Shakeel |title=Distributed groundwater recharge potentials assessment based on GIS model and its dynamics in the crystalline rocks of South India |journal=Scientific Reports |date=3 June 2021 |volume=11 |issue=1 |pages=11772 |pmid=34083557| doi=10.1038/s41598-021-90898-w |pmc=8175507 |bibcode=2021NatSR..1111772F |language=en |issn=2045-2322}}{{cite book |last1=Brahmi |first1=Nabiha |last2=Chaabene |first2=Maher |title=IREC2015 the Sixth International Renewable Energy Congress |chapter=Sizing optimization tool for wind/Photovoltaic/Battery plant considering potentials assessment and load profile |date=March 2015 |pages=1–6 |doi=10.1109/IREC.2015.7110962|isbn=978-1-4799-7947-9 |s2cid=37130046 }}{{cite journal |last1=Ermolenko |first1=Boris V. |last2=Ermolenko |first2=Georgy V. |last3=Fetisova |first3=Yulia A. |last4=Proskuryakova |first4=Liliana N. |title=Wind and solar PV technical potentials: Measurement methodology and assessments for Russia |journal=Energy |date=15 October 2017 |volume=137 |pages=1001–1012 |doi=10.1016/j.energy.2017.02.050 |language=en |issn=0360-5442}}

See also

References