Topic: New Product Introduction
As I mentioned in my last article on new product introduction (NPI), launching a new product is stressful—even in the best of organizations.At Arena, we’ve been working on a couple of new products ourselves, Arena PartsList and Arena PDXViewer, so…
You’ve probably heard before how establishing a solid plan for new product introduction (NPI) can help you meet cost, quality and scheduling goals, but the benefits don’t stop there. A good new product introduction plan is the foundation of any successful product launch and often helps boost sales and encourage…
New product introduction (NPI) and new product development (NPD) are often referred to in the same way or confused by many. Both are required to get products to market, but each focuses on different aspects of the product realization process.
How enterprise resource planning (ERP) and product lifecycle management (PLM) systems work together and the risk of implementing ERP without PLM.
Have you ever had to stop your assembly line because a part doesn’t fit? Or halted your manufacturing line because a part did not perform as designed? In both cases adoption and adherence to form fit function rules could have prevented these delays to the production schedule, and allowed your assembly line to work without incident.
While the definition of time to market (TTM) can vary depending on the company and product complexity, for the purpose of this article we are going to define time to market as the period of time from when a product idea has general agreement and resources are committed to the project, to when the final product is built and out the door to a customer.