On Thursday, May 17, LNS Research hosted the webcast, “Keys to Successful New Product Introduction (NPI): Bridging the Digital Quality Divide.” The presentation explained why market dynamics force companies to rethink NPI and how leading companies drive innovation in today’s digital world. The discussion included an examination of why today’s NPI success rate is relatively low, and why market trends inhibit NPI success.Read More
Is manufacturing new product introduction critical for organization? Developing profitable, timely, high-quality products is more important today than ever before. Visibility to product performance has never been higher, while competition continues to squeeze margins and time to market. These market dynamics, among others, are increasing the pressure on product teams.Read More
Over the past few months, we’ve been helping many LNS program members with strategic planning for 2018, and underlying this planning is a common theme - “What is the perceived value of quality?”Read More
2017 was a challenging year for quality. Many manufacturers had to evolve their quality management system due to changes in standards and compliance requirements, providing an opportunity to rethink processes, organizations, and leadership support.Read More
Tags: Enterprise Quality Management System (EQMS), Supplier Quality Management (SQM), Industrial Internet of Things (IIoT), Industry 4.0 / Smart Manufacturing, Quality 4.0, New Product Introduction (NPI)
It's no secret that companies that benchmark performance against actual practices in operations, quality, environmental, safety, risk management, energy, and many others are able to drive and sustain higher performance levels, and contribute meaningful value to enterprise objectives. Even companies that are long-time pros at benchmarking performance in these areas often struggle to pinpoint best practices that have a beneficial impact on new product introductions (NPI). When so much is at stake, what's holding them back?
The fact is, the pressure is on and growing for manufacturers:Read More