Developing and successfully launching a new product is challenging for both large and small organizations. New products provide additional sources of revenue, but also carry high risk and can be very costly- but if executed correctly can reap high rewards. To mitigate risk it is crucial that there is an effective NPI plan and process.
Part of this plan should include involving your manufacturing partner early on. A&D has assisted several of our clients throughout the years with the New Product Introduction Process.
A&D’s typical approach involves three phases:
Phase 1: Preliminary Review
Detailed review and documentation of the product requirements
Identify requirements, conflicts, and risks
Review BOM and cost estimate to ensure no pricing changes and item availability for purchased components
Phase 2: First Article Build
Procure and assemble 1-20 systems
Record, document, and update assembly procedures
Evaluate and perform design verification
Preliminary testing-definition and execution of testing procedures
Update all documentation in preparation for production build
Phase 3: Production Build
Review BOM and develop a procurement plan identifying any cost savings for higher- volume purchasing/long lead time items
Finalize testing procedures and requirements
Create detailed production schedule for years 1-3
These phases are not necessarily the exact steps taken for each project, but an outline of where and how we begin. A&D understands that a one size fits all approach does not work for every client and every project. We pride ourselves on being able to meet each project’s specific needs. Contact us today to find out how we can help you with your new product introduction process!