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What is new product development?
You have a new product concept. Where do you start? New product development describes the complex process of bringing a new product to market. Managing the many steps involved in this process is critical to getting your product out the door on time and on budget.
Get to market on time and on budget
PLM helps remove bottlenecks and speed up your process.
Configurable new product development process workflows
PLM provides process workflows that keep everyone involved in your new product development aligned and on track. Easily configure workflows to match your organization’s exact processes. Include related information like pricing, top-level bill of materials, marketing assets, and other data that rounds out the product definition.
Automated status updates
Gain the visibility you need to spot issues before they happen. With all your new product development/introduction workflows managed in PLM, you can visually track your progress in centralized graphical charts. This gives you the ability to monitor your new product introduction status, quickly identify and resolve potential bottlenecks, and avoid costly launch delays.
- View progress in a Gantt chart format with colored status indicators
- See a real-time view of your project's progress and easily share updates with stakeholders
- Quickly assess where delays could occur to act fast and prevent them
New product introduction project templates
Project task templates in PLM standardize phase-gate milestones, deliverables, and tasks by product line, business unit, product team, or other designation. For ease and efficiency, you can define your task types by each workflow state, such as concept, requirements definition, development, testing, and production.
- Track the high-level tasks and milestones necessary for managing a product through its lifecycle
- Use templates to provide a deliverable-oriented breakdown of a project into smaller components
- Refine templates over time to find the right balance between flexibility and control
Improve team coordination and productivity
Dashboards and reports
Create personalized, graphically rich dashboards and reports to monitor real-time status and trends. Export any data view, table, or report with a single click.
Centralized collaboration
Include suppliers, contract manufacturers, and customers in specific workflows governed by intelligent access control. Ensure everyone is aligned with contextual views of up-to-date product information.
Task notifications
Keep users up to date with real-time alerts for task assignments, almost due, late or escalated tasks, and approvals. Configure messages for relevance for recipients to take action.
Webinar: Bringing New Products to Market Faster with PLM
In this on-demand webinar, we'll cover:
- Configurable project management templates for tasks and deliverables
- Phase-gate milestone tracking to foresee delays and make corrections
- Real-time views of development status and reporting functions
Discover PLM
Discover more benefits of product lifecycle management by taking a PLM business assessment.
Get started with product lifecycle management
Thank you for your interest.
Fill out the form to speak with a product expert about how to get started with product lifecycle management.