ABSTRACT
In this chapter, certain useful results are provided to conclude. Also, the innovation efforts are discussed, and a future scope is envisioned. A company might deal with innovative products from the start. However, in most of the manufacturing organizations, innovative efforts run in parallel with the production of regular/routine items. Certain type of entrepreneurs might be interested in an innovative item from the start, and therefore an independent analysis may be useful in this specific context. This may also be beneficial in linking the inventory-related costs among other factors with the product innovation. With reference to the innovative efforts, the two items, i.e., regular and innovative item, are handled in a manufacturing cycle. When the manufacture of regular item ends, it can begin for the innovative item. For the space requirement, status of both the items should be carefully considered with respect to time.
