New Product Introduction (NPI) is fundamental to most industrial organizations yet 44% of new product launches fail to meet all or most of their success criteria. We will review LNS Research’s recent findings that clearly show that process challenges – which are surely in the manufacturer’s ability to improve – are the fundamental barriers to success. Thus, solutions are within reach. LNS Research has used extensive survey data and deep engagement with industry leaders to define a 3-Step Plan for improving NPI by focusing on processes, suppliers and Quality 4.0. The journey leads to significantly better NPI, quality and manufacturing results.
Attendees will learn:
• The challenges in NPI
• A three step quality program for NPI success
• The value of supplier quality and quality management in accelerating NPI
• How institutionalizing and automating quality and supply chain practices improves NPI
• How improving NPI also drives manufacturing and quality improvements
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