Bill of materials (BOM): A table containing a list of the components and the quantity of each required to produce an assembly.
Brief: Instructions and requests provided to design team prior to the commencement of a project.
Business analysis: The practice of identifying business needs and determining solutions to business problems.
Commercialization: The process of introducing a new product or production method into the market.
Concept design: An early phase of design process, where the broad outlines of function and form are articulated.
Ergonomics: Application of principles that consider the effective, safe and comfortable use of design by humans.
Ideation: Idea generation or brainstorming.
Industrial design: The process of designing products used by millions of consumers around the world.
Market research: An organized effort to gather information about target markets or consumers.
New product development (NPD): The complete process which involves transformation of a market opportunity or product idea into a product available for sale.
New Product Introduction (NPI): New product introduction is the complete process of bringing a new product to market.
Patent: An exclusive right granted to an inventor by a sovereign authority, for a specified time period.
Pilot Run: An initial small production run produced as a check, prior to commencing full-scale production.
Prototyping: An early sample, model, or release of a product built to test a concept or process or built to act as a commodity to be replicated or learned from.
Sketch: An image that is quick to generate and does not contain complete detail.
S.W.O.T: Analysis framework for a company relative to its competitors, market, and industry: Strengths, Weaknesses, Opportunities & Threats.
Test marketing: An experiment conducted by companies to check the viability in the target market before full scale manufacture.