You are developing a new product. There is currently nothing like your product on the market. You have high confidence that it will be successful (otherwise, why are you working on this project?). You need to make a choice. Do you want to do things fast? That's tempting, because who knows what the market will look like in 12 months. Or do you want to do things right? That means investing money and time in re-risking your project. Let's look at what these 2 approaches mean, in … [Read more...]
Analyzing the (NPI) New Product Introduction Process & its Benefits [Podcast]
![Analysing the (NPI) New Product Introduction Process & its Benefits [Podcast]](https://qualityinspection.org/wp-content/uploads/2020/10/AnalysingtheNPINewProductIntroductionProcessitsBenefitsPodcast-1140x445.jpg)
What is the new product introduction process? The new product introduction process is: A complete blueprint that takes an idea through various structured phases and that results in a finished product being launched into the marketplace. This process is driven and managed by a cross-functional team that keeps a check on every aspect of the project. The different phases are controlled by approval gates which ensure the project has met specific criteria before moving onto the next phase in … [Read more...]