|
Product Development is the lifeblood of any company. It is especially critical in today's environment where many companies don't manufacturer their own products and need to deal with global suppliers. The general rule of thumb is that a company needs to replace between 15 and 20% of its sales every year with new products in order to stay ahead of its competition and copiers.
The critical components of successful product development are:
- Functional Specification
- Product Justification (ROI)
- Industrial Design
- Product design and patent review
- Cost estimation
- Project schedules
- Engineering build and reiteration of the design
- Product validation
- Production release
Our Consultants utilize our proprietary MPD™ (Managing Product Development) process and many other product development tools when working with a client. We also have a company physical for product development that audits the product development process of client companies, identifying strengths and weaknesses. Once the audit has been performed, we will deliver a complete summary of how a clients product development process stacks up against world class companies.
Our consultants have utilized milestone based processes for product developments such as:
Dustbuster
Snakelight
Series 5000 rotor
DeWalt Power Tools
Avery Personal Creations
Grill Master
Trojan Plus Series of batteries
Arrow-Breaker
|
