As buyers continue to insist on latest features and functionalities with a quick turnaround time, businesses push for superior quality and cost benefits from product manufacturers. This has led to the creation of a completely new engineering service by vendors, which is dedicated to launching products faster into the market. Product engineering service can be defined as an engineering consulting activity, which uses various hardware, embedded, software and IT services solution for the designing and development of products. There are different phases of product engineering — from inception to the end of the lifecycle of a product. Therefore, when we talk about product engineering, it is also important to know about its different phases. This white paper helps you explore different phases of product engineering services.