The overall success of a company depends heavily on its ability to release new products that meet the specific and expressed needs of its customers.
The success of new product development and introduction (NPDI) ties directly to the initial innovation processes that begin a product's life cycle.
The Batten Institute’s report, “Innovation and growth: understanding the power of design thinking,” breaks down key psychological and market research that identify some of the most effective innovation mindsets and methodologies. Maintaining a growth-driven mindset and following best practices for design thinking while listening carefully to the needs of its customers positions a business for maximum success.
Topics: PLM, Integration, Formulation Management, Collaboration, Best PLM Practices, Innovation Process Management, Financial Modeling, Resource Management, Business/Intelligence, Product Portfolio Management, Idea Management, IPM
Resource Management is typically thought of as a silo discipline within Enterprise Resource Planning (ERP). However, effective Resource Management bridges the gap from ERP to Product Lifecycle Management (PLM).