The document summarizes key concepts relating to product and process design management including:
1. Product design involves conceptualizing an idea for a product and transforming it into a tangible reality by considering constraints like production processes and customer expectations.
2. Process design breaks down product development into parts to help guide actual manufacturing and ensure a smooth relationship between required output and intermediate processes.
3. Objectives of process design focus on flow through the process and include metrics like throughput rate, throughput time, work in progress, and utilization.
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