• Leadership recognizes that the engineering team that supports the product line is probably the group most knowledgeable about the product, how it's made, and its weaknesses. It would seem that this ...

New product development is a crucial process for the survival of firms, especially small businesses. The small business environment today is very dynamic and competitive.

This is a fine process to still uphold, but you can readily implement FMEA in product development, even during the conceptual ...

With all AI related to New Product Development & Marketing, it’s early days full of experimentation & important learnings. To explore the latest and most promising use cases, I spoke with ...

Software company Senspire demonstrated its all-in-one product development platform, Flavor Studio, at the Private Label Manufacturer Association event earlier this month, showing how product ...

When firms are looking to grow their business and reduce their dependency on one type of product or service, they need to develop new products and services. Here we look at some of the ways that firms ...

Best practices in new product development: what separates the Best from the Rest? No single one practice is sufficient for greater innovation performance, say the researchers, overviewing the ...

Product development, no matter the industry, is both an art and a science. Bringing a concept to life requires intensive research, ingenuity, risk-taking, iteration, testing, and a little magic ...

In product development, generative AI is aiding conceptualization. Generative AI is ideal for amalgamating a host of techniques, processes, and known solutions into new ideas and configurations ...

New product development costs fall under the categories of research or development, known as "R&D." Research involves gathering data about a new product or technology, ...

Focusing on how a potential offering makes sense for the business as a whole can help guide efficient product development. Published Apr 13, 2023 at 1:00 PM EDT Yan Krukau/Pexels ...