8.3 Determining the viability of Design Solutions - Revision history

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Practice Question (14 marks)

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Practice Question

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Stsb11: Created page with "==8.3a Assess design solutions viability== #The design solutions impact on user lifestyles: Designers aim to prove the viability of new products and show that they will have a..."

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Created page with "==8.3a Assess design solutions viability== #The design solutions impact on user lifestyles: Designers aim to prove the viability of new products and show that they will have a..."

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==8.3a Assess design solutions viability==
#The design solutions impact on user lifestyles: Designers aim to prove the viability of new products and show that they will have a positive impact on user lifestyles.
#For example, mobile phones have had a large impact on user lifestyles as they have become lighter and able to complete more computational tasks.
#These solutions could also have negative impacts on user lifestyles, using the mobile phone example again, fewer people are communicating face-to-face and getting out.

==How well the product performs==
#Feasibility studies confirming that a product will meet performance standards are vital if the product is to be viable.
#Companies want the user to perceive the need for a product and will spend a lot of time and money trying to research user needs and wants through many different forms, such as questionnaires.

==Technical difficulty of manufacture==
#A major deciding factor in the production of a product is the costs associated with the difficulty of its manufacture.
#Designers and manufacturers aim to reduce the costs of manufacturing by adapting and simplifying products to make them easier to produce.

==Stock availability of materials and components==
#The availability of stock or ease of obtaining materials can have a large impact on the viability of some products.
#Studies will need to take place to ensure materials and components are easily available prior to manufacture. the following problems can occur if this is not done.
##a material is not available in sufficient quantities or availability is unreliable.
##it will cost a significant sum to buy in
##there is a long lead time
##there is strong competition for the materials or parts.
##the materials have an impact on sustainability.

==Costs and profit==
#The need for companies to generate profit means that feasibility studies to carefully plan cost implications and the ability for a product to make a profit.
#Types of costs to consider are:
##Factory rent/mortgage (fixed)
##Power (mixed cost)
##Insurance (Fixed)
##Wages (Variable costs)
##Miscellaneous expenses (variable costs)
##Machinery (fixed)
##Materials (variable cost)
##Tooling (variable cost)

==Timescales involved==
#The timescales involved in bringing a product to market are vitally important.
#A product brought too late to the market where a competitor has a large market share can mean real problems in gaining sales and could mean a product and all its related investments will not longer be commercially viable.
#Another timescale must be factored into a feasibility study is obtaining protection of design ideas through intellectual property rights to ensure ideas can not be stolen.

==Promotion, brand awareness and advertising potential==
#Marketing often dictates the success of a product and its associated commercial viability.
#If consumers are unaware that a product exists, they are unlikely to buy it.
#Companies often use brand awareness and brand identity to cross sell products. As a consumer, you are more likely to buy another product from the same company if you have had a positive experience.

[[File:Mix1.jpg|500px|thumb|center]]

==Balancing supply and demand==
#Keeping demand and supply in balance is a constant struggle. The consequences of poor customer service, high inventories, cash flow difficulties, and failure to meet planned business goals lead companies in search of a process to better manage the delicate balance of demand and supply.

[[File:Supply.jpg|500px|thumb|center]]

==Market analysis of similar products==
#During the product development and after its launch, companies often perform a range of feasibility studies looking at other competitor products, sales trends, marketing promotions and opportunities in new markets.
#During development stages, market analysis is primarily focused on similar products already available to consumers.
#Analysis simply looks at sales trends to show the popularity of a certain product range within a market to determine demand.
#<strong>Key terms:</strong>
##Brand awareness
##Brand identity
##Electronic point of sale (EPOS)
##Feasibility study.
##Fixed costs.
##Variable costs.

[[Design_Engineering|Design Engineering homepage]]

@@ Line 75: / Line 75: @@
 ==Practice Question (14 marks)==
-*The Snake WEC described on pages 4 and 5 of the [https://sixthform.bourne-grammar.lincs.sch.uk/images/e/ef/H404-02_Resource_Booklet_Oct21.pdf Resource Booklet] is a prototype product in the renewable energy generator market. This prototype product should create interest among entrepreneurs who are looking to venture into the renewable energy generation industry. The stakeholders of The Snake are concerned about its commercial viability and have asked for feasibility studies to be carried out on the following factors:
+*'The Snake WEC', described on pages 4 and 5 of the [https://sixthform.bourne-grammar.lincs.sch.uk/images/e/ef/H404-02_Resource_Booklet_Oct21.pdf Resource Booklet] is a prototype product in the renewable energy generator market.
 **how well the product performs
 **technical difficulty of manufacture and materials selection
@@ Line 81: / Line 83: @@
 **timescales involved
 **balancing supply and demand.
-*Choose any three factors from the list above. Critically evaluate the ways in which they influence the commercial viability of The Snake. Use information on pages 4, 5 and 7 of the [https://sixthform.bourne-grammar.lincs.sch.uk/images/e/ef/H404-02_Resource_Booklet_Oct21.pdf Resource Booklet].
+*Choose any three factors from the list above. Critically evaluate the ways in which they influence the <strong>commercial viability</strong> of The Snake.
 *<strong>Source:</strong>2021 Paper 2, Q5

@@ Line 74: / Line 74: @@
 ##Variable costs.
-==Practice Question==
+==Practice Question (14 marks)==
 *The Snake WEC described on pages 4 and 5 of the [https://sixthform.bourne-grammar.lincs.sch.uk/images/e/ef/H404-02_Resource_Booklet_Oct21.pdf Resource Booklet] is a prototype product in the renewable energy generator market. This prototype product should create interest among entrepreneurs who are looking to venture into the renewable energy generation industry. The stakeholders of The Snake are concerned about its commercial viability and have asked for feasibility studies to be carried out on the following factors:
 **how well the product performs
@@ Line 81: / Line 81: @@
 **timescales involved
 **balancing supply and demand.
-*Choose any three factors from the list above. Critically evaluate the ways in which they influence the commercial viability of The Snake. Use information on pages 4, 5 and 7 of the [https://sixthform.bourne-grammar.lincs.sch.uk/images/e/ef/H404-02_Resource_Booklet_Oct21.pdf Resource Booklet]. [14]
+*Choose any three factors from the list above. Critically evaluate the ways in which they influence the commercial viability of The Snake. Use information on pages 4, 5 and 7 of the [https://sixthform.bourne-grammar.lincs.sch.uk/images/e/ef/H404-02_Resource_Booklet_Oct21.pdf Resource Booklet].
 *<strong>Source:</strong>2021 Paper 2, Q5

@@ Line 73: / Line 73: @@
 ##Fixed costs.
 ##Variable costs.
 [[Design_Engineering|Design Engineering homepage]]

@@ Line 20: / Line 20: @@
 ##there is strong competition for the materials or parts.
 ##the materials have an impact on sustainability.
 ==Costs and profit==