Concurrent design takes advantage of cross discipline communication during all phases of the design with the ultimate goal on cutting down on wasted time. What does PDM or EDM stand for? What are some advantages of PDM? – PDM stands for Product Data Management. Concurrent engineering (CE) is a work methodology emphasizing the parallelisation of tasks (i.e. Performing tasks concurrently), which is sometimes called simultaneous engineering or integrated product development (IPD) using an integrated product team approach. 
Chapter 4 Objectives • Explain the strategic importance of product and service design. 1) It has implications for the success and prosperity of an organization which: i. Translates customer want and needs ii. Refines existing products/services iii. Develops new products/services iv.
Formulates quality goals v. Formulates cost targets vi. Constructs and test prototypes vii. Documents specifications • List some key reasons for design or redesign.
Describe Concurrent Powers
1) Economic (e.g. Teri yaadein mp3. Low demand, excessive warranty claims, the need to reduce costs) 2) Social and demographic (e.g., aging baby boomers, population shifts) 3) Political and demographic (e.g., government changes, safety issues, new regulations) 4) Competitive (e.g., new or changed products or services, new advertising/promotions) 5) Cost or availability (e.g., of raw materials, components, labor) 6) Technological (e.g., in product components, processes) • Identify the main objectives of product and service design 1) Customer satisfaction • Discuss the importance of standardization.
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