New Product Introduction (NPI) plays a key part in a business operative environment. To be successful in today’s competitive business environment a company is required to provide quality new products on time and at the right cost.
Speed to market has become a paradigm of world class manufacturing operations and it is equally important to consider supply chain management aspects during new product introduction.
Over the years Industry Forum has helped a number of organisations to establish an effective NPI system, which is closely knitted in to their business operating environment. Our unique approach combines the following principles to deliver an effective NPI system:
- Phased gated process
- Project management
- Risk management
An effective NPI process can drive an organisation’s growth plans as part of business strategy (Figure 2). Considering product life cycle stages, revenue from existing products in business will decline over a period of time. Business revenues are expected to increase with defined growth targets. This situation of declining revenue from existing products and expected revenue increase aligned to growth targets generates a gap to be filled by new product introduction. An effective NPI process will help us to answer common questions like:
- Are we likely to achieve our business growth targets with existing NPI opportunities in hand?
- What level of business development effort is required to achieve our growth targets?
Figure 2. New Product Introduction link to business strategy
Common NPI challenges and how can we help?
|NPI Technical Assessment
|NPI Process Development||
||4 days (optional implementation support)|
|Measures to sustain NPI performance||
|NPI Project Management||
||Tailored to meet your requirements|
|Change Management in NPI||
|Learning from experience||
|Core tools for manufacturing process design, verification and validation||
||Tailored to meet your requirements|
“Industry Forum’s best practice knowledge transfer, has been integral in allowing us to align our business processes, to create a position of strength for our business to lead the way forward to achieving our goal of >99% OTIF.”
Mark Walker, Co. Managing Director, Walker Precision
Industry Forum have been a massive asset in providing us with an NPI process which will provide benefits for our business and better service levels to our customers. They have completely re-structured our approach and guided us through developing a multi-disciplinary process with a structured gated process and introducing a RACI culture. The whole team has remained engaged and is looking forward to rolling out the finished process. We have already seen benefits were we have introduced a part mature process to currents projects. The training is excellent, engaging and we already know it will provide huge benefits at Middlesex Aerospace.
Kevin Mould – Business Development Manager, Middlesex Aerospace
“Using a series of structured workshops, Industry Forum have been helping us developing a new and improved NPI process. From the diagnostic phase to the step by step implementation, IF have guided and advised us on industry best practice. More importantly they brought the focus needed to drive such improvement program.”
Remy Steenbakker, Technical Manager, Sigmatex UK
Get in touch and talk to us
Industry Forum can provide a range of improvement solutions across your organisation’s entire manufacturing operations. We don’t offer one single-standard solution, instead we get to know your organisation, your people and the environment within which you operate; before working with you to find an approach that is tailored to your requirements, meeting your needs and addressing your most pressing challenges.
Industry Forum can provide you with a range of expertise to support initiatives from large NPI programmes across a multi-site organisation to single projects in an individual plant. Industry Forum has a proven record of helping manufacturers of all sizes achieve their NPI goals.
From design right through to implementation we pride ourselves on our ability to transfer the necessary skills to your people and to ensure that you benefit from tangible and sustainable improvements to your business.
For further information and an initial and confidential discussion of your needs, please call +44 (0)121 717 6600 or email us today.