Showing posts from 2020

How NASA manages its supply chain?

The National Aeronautics and Space Administration, generally known as NASA, is the leading aerospace industry of the United States of America. NASA is now on the verge of something new and innovative as it has now presented its nascent vision of exploring the space beyond Low-Earth-Orbit (LEO) both robotically and with humans as well. Thus the characteristic of Supply Chain Management becomes an immensely important part of America’s space technology investments. Investments for such enormous kinds of projects stand on the edge depending on pivotal such as cost-efficiency in the operational realm, different space processes, and in operation and arrangement of space vehicles. The challenges in the operational field itself are many, for example, narrow funding, inter-program transitions, and time gap problems than occur in the post-shuttle era. This is indeed a grand investment and it takes years to show some kind of progress, it also requires innovation and some sort of creativity amongs

Stages of Successful Innovation

Innovation is the key to build better societies and better services. Like everything else, you need to follow some steps in this process. In this article, we will talk about the stages of successful innovation. What Are the Stages of Successful Innovation? Anyone with a dream and motivation wants to make an innovation. But ideas and motivation alone are not enough to make your innovation successful. You will need more especially if you are innovating a product or a service. 1.Identify User Needs First and most importantly, you need to identify the user needs. An innovation that does not meet any needs is doomed to fail. Also, you need to convince the user that they need your innovation as did Steve Jobs with Apple. 2.Identify Differentiation Factors In the meantime, you will need extensive market research. Here, you can identify the areas you can differentiate yourself from other companies or start-ups. Try to understand the gaps in the sector and fill those gaps with your ideas. 3.Tes

What is the Technology Life Cycle?

The life cycle of any material describes the time interval from birth to death. The technology life cycle is the more specific application field of the life cycle concept. It principally defines the relation between the life of the technology in terms of time and the general business gain. İt is the general representation of any technology to interpret the investments, expenses, incomes, and net balance during the entire life of a technology. On the other hand, technology life cycle management is the key methodology to understand, manipulate, and benefit from the current status of the technology. Yet, TLC distinguishes from the product life cycle by not only bearing on the product’s life cycle(PLC). The focal point of the product life cycle is the product’s itself regardless of the technology.  A technology is developed after an extra-ordinary discovery which causes a significant change in the price-performance ratio of products. Afterward, following the discovery, an excessive amount