The Process of Product Development
What is Product Development?
This is the creation of new products with new or different characteristics, which offer new or additional benefits to the customers. This may involve the modification of an existing product, its presentation or the formulation of an entirely new product that satisfies a newly defined customer want or niche.
There is nothing simple about the process. It requires keen attention to competitors, customer needs now and in future, the ability to finance prototypes, manufacturing processes, a creative marketing, and communications plan.
Though the processes are unique to each product, the basics are outlined below.
• Idea: The idea starts with a need-this product should be beneficial to potential customers .This idea becomes a sketch or a set of sketches. The visualization is critical in evaluating, communicating and documenting the specifics of the idea. All notes, specifications and concerns about the direction of the product need thorough documentation.
• Patent and Market analysis: It is critical to meet a patent attorney at the onset of the project for the following reasons:
1. Filing a patent with the products unique features protects one from others who may try to use this idea.
2. Existing patent concepts that need to be avoided during the product development process.
Understanding facets of markets such as similar products, market size, production costs and financial projections are also critical.
• Product requirement document: This is a list of all documents necessary for a fully functioning product such as intended users, buyers, selling cost, production, schedule and many more.
• Industrial Design: This is where the product begins to take shape.
• Mechanical design: CAD files of the product are created.
• Prototypes and evaluation: Prototypes are made of various materials and are tested for safety purposes.
• Final Mechanical Development.
• Tooling and component sourcing .This is done to manufacture high quantities at low costs.
• Pre Production: Parts are fabricated and assembled.
• Production: Mass production begins.
• Sales, marketing and distribution.
Published by RnD Consulting on January 3rd 2012 | Business
Published by James Blee on June 16th 2012 | Business
Published by Leroy Batard on June 29th 2012 | Business
Published by Mary Porter on June 19th 2012 | Business
Published by Vancezane on February 18th 2012 | Business
Published by Colbert Raynard on March 20th 2012 | Business
Published by Guardlyer on April 7th 2012 | Business
Published by Gayathri Devi on January 23rd 2012 | Business
Published by Adryana Bygger on May 21st 2012 | Business
Published by Guardlyer on April 27th 2012 | Business
Published by Iphoneipadandroid Applicationdevelopment on February 26th 2012 | Business
Published by Acneexpert on January 3rd 2012 | Business
A huge assortment of acne products can be found in any skincare market. However, all these produ...
Published by Samantha Kirk on June 12th 2012 | Business
Published by Zhuimeng on January 12th 2012 | Business
Published by Maya Gupta on April 6th 2012 | Business
Published by Guardlyer on June 19th 2012 | Business
Published by Clark James on April 30th 2012 | Business
Published by Puneet on June 28th 2012 | Business
Published by Seolncr on January 25th 2012 | Business
Published by Maryparker on February 24th 2012 | Business