How to Resolve New Product Introduction Issues
The ability to bring new, innovative products to market fast is a key to survival. Being late to market can sabotage success, no matter how good the product. A lack of standard processes to manage collaboration can make it difficult to integrate others into the new product introduction process, including suppliers and partners. An inability to capture metrics like cycle time can lead to a lack of uniformity and increased costs. Silos can make it difficult to capture and share what you’ve learned; if you have to keep relearning, you cannot take advantage of the increased efficiency and reduced costs of the experience curve.
What’s needed is a defined framework and structure that encompasses the more complex product introduction process. Individuals from across departments must be able to capture and share information, including the fuzzier side of the process, such as decisions made in meetings. Razorleaf can help you capture value from both sides of the value proposition – reducing costs by increasing the efficiency of new product introduction processes and increasing revenue by making the innovation process more transparent.
Find out how Razorleaf’s team of experts can help solve your new product introduction problems. Contact us today.