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Taking into consideration that the failure rate of new product development is somewhere between 25 – 45% and that only one new product launch succeeds out of seven ideas, it’s obvious that having a standardized innovation process is critical for saving your company time and money. Although it can differ based on the individual needs of a company, there are several approaches that can be used for formalizing a Product Development Process (PDP). Discover 3 of the most recognized PDP.
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Product development is the process of taking ideas from the initial concept to the point where a product is launched in the market. Alternatively, it can also be recognized as the method of a formal process followed by a business. Over time, the product development process has evolved and become much more efficient with an iterative fusion of different disciplines. Discover the benefits of fine tuning your product development process.
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In business, the product innovation process translates ideas into a good or service that creates value and satisfies the needs and expectations of their customers. There are many different ways a company can innovate, but all companies should consider four types of innovations to stay relevant in their market. Learn more in this resource.
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How do you define your products checklist for new product development? Find a list of questions to consider as you and your team brainstorm product ideas.
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Degassers avoid inaccurate sampling, maintain throughput and reduce errors by removing dissolved gases – even across complex fluid systems – before they outgas into bubbles. Utilizing degassing in your fluidic path is essential for consistent and accurate results.
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Of course, fittings are standard items used to connect the components together, using tubing as the flow path bridge between components. Yet, one of the most commonly-asked questions regarding fittings is, “Where do all these fittings go in my system?” In other words, how do I know what to use and where? One common way to distinguish between fittings is by classifying them based on the pressure they can hold. This narrows the fittings choice based on where in the system they will be used. Learn what goes where in an HPLC system.
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The participation of a supplier that utilizes their own PDP internally can improve both the effectiveness of the product development outcome as well as the efficiency of the product development process. The effectiveness of a supplier is related directly to how well they perform compared against the desired product outcome, while efficiency is related to development costs and the required time for the supplier to complete development. Discover the short term and long term benefits of strategic partnership
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At IDEX Health & Science we are the market leader in providing “enabling” optical systems, vertically integrated from sensors, cameras, optical filters, laser, and optical components through system design, manufacturing, and metrology. We look forward to seeing you at Photonics West!
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Fittings are described by more than just their threads. Another major factor that helps determine what nut to use is the geometry of the head. Learn how to properly tighten the nut.
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Have an idea? Looking to partner on a new project? The first step in a new product development project is a proposal. Find guidelines from IDEX Health & Science on how to create a project proposal engineered for success.
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