New Product Development (NPD) is crucial for evolving customer needs, but iterative processes and variability challenge efficiency and delivery. Problem: NPD teams often encounter capacity overload, excessive work-in-progress (WIP), bad multitasking, and frequent scope changes, leading to delays and inefficiencies. Solution: Implement structured processes, enforce WIP control through hard gates, prioritize projects based on capacity, and focus on stage-wise planning to manage variability effectively. Benefits: Streamlined workflows, reduced lead times, improved output predictability, better resource utilisation, and faster delivery of successful products to market.

Key Takeaways

Businesses rely on the New Product Development process to grow. However, the process is stressful for companies. Is there a way to de-stress it? New Product development processes can be de-stressed to meet all stakeholder expectations in terms of cost and delivery deadlines

De-stressing NPD

Businesses rely on the New Product Development process to grow. However, the process is stressful for companies. Is there a way to de-stress it?

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Explore strategies to streamline New Product Development (NPD) processes with insights from Vector Consulting Group's expert Vivek Chopra.

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