Inventors 101 – New Product Development Guide
The New Product Development (NPD) process is very involved and for a first time product developer this can seem daunting. We’ve tried to boil it down to the basic product development steps to help entrepreneurs and businesses understand the process. We created a new product development guide flow chart to show a big picture view of product design and development and we will explain in more detail each step of the process below. This can help to serve as a new product development guide for entrepreneurs. At Auell Consulting we are your product design consultant team, contact us for assistance through these steps laid out below.
At Auell Consulting our product design consultant team can help you navigate these steps to successfully bring your product into production. We specialize in industrial design though manufacturing steps of the product development process.
Product Development Steps
New Product Concept:
This is the first New Product Development (NPD) step. It involves brainstorming new product ideas and ways of implementing them. It sometimes helps to identify a hole in the market or a problem that needs to be solved, then create a way to solve it. Once you’ve identified your concept it’s important to see if your idea is patentable.
After you have come up with your idea, it is essential to do a market study and analysis. Good ways to start this are searching the web as well as retail stores for similar and competitive products. This is what is called “Competitive Shopping” (Comp Shop). We recommend creating a spreadsheet of products you’d like to compare. Include their sell price, where they are sold, product image, and a list of key product features. Once you can compare these products side by side, you can identify what price point you would like to aim for, key product features that need to be included in your product, what makes your product unique, and what retail markets you would sell your product in.
Different markets to consider are “Mass Markets” ie. Wallmart, Target and big box stores, “Online Retailers” ie. Amazon, Jet, and ebay, “Specialty Stores” ie. Dick’s Sporting Goods,”Department Stores”, “Supermarkets”, “Drugstores”, “Discount Stores”, “Restaurants”, and “Boutiques”. It is important to identify your target market so that you can have a solid marketing strategy.
The next stage of the product design and development process is industrial design. Industrial design takes the functional end-use requirements and brings that together with aesthetic appearance. It takes into consideration end-user interface, function, color, form, value, and potential materials to be used. In this stage it is common to develop conceptual sketches and even a concept model or prototype.
The product engineering phase is where the meat of your product design and development project will come together. It takes into account structural concerns, loading calculations, stress calculations, weather concerns, specifying components, and final material selection. This is the stage of the project where detailed 3D Computer Aided Drawings (CAD) are made.
The next of the product development steps is Design for Manufacturing (DFM) goes hand in hand with engineering. It takes the design of the product and optimizes it for price and performance. The goal of the engineering process is to minimize cost, number of parts, complexity, labor, and shorten production time.
Scale prototypes are made for evaluating design, performance, manufacturing, and functionality. They can also be used for marketing, sales, and fund raising.
If any areas for improvement are identified during prototyping, revisions would be incorporated into the design before it is released for production.
After the all design revisions have been completed, fabrication drawings will be produced. Fabrication drawings are then sent to factories to request for quotes (RFQ). Product tooling, the per piece price of the product, and product assembly will all be quoted.
If the product requires tooling, a vendor can be selected vendors and the tooling can made.
Quality control and assembly documentation for the manufacturing process should be produced during this time.
The product can now be released for production. We offer manufacturing support to our clients to help with any issues that arise during this process.
The next of the product development steps is promoting your product. This is involves advertising, packaging, website, logos, branding, and bringing your product to the end consumer.
Product Design Consultant
We hope you enjoyed this new product development guide and we look forward to working with you on your upcoming project.
Our product design consultant team would love to discuss your product design and development needs.
Please Contact Us for your consultation and quote.