New Product Introduction (NPI)

With the dramatic reduction in product life cycle and the rapidly evolving customer needs, tastes, and preferences, the strategic importance of NPI has increased significantly. This, coupled with the global extension of supply chain, makes the ability to introduce new products to market rapidly and effectively a key source of competitive advantage. ​

The traditional budgeting process is broken. It takes a long time, costs too much, and consumes too many resources. Plus, it’s fixed and inflexible, and can quickly become irrelevant. Organizations can embrace digital ledger technology to ease the pain and increase productivity. For example, access-controlled inputs from all participants helps project and predict how the business will perform. A digital ledger increases trust and data accuracy enabling better decision-making

New Product Introduction (NPI) Challenges

Shortened Product Lifecycle​
Over last few decades organizations are struggling with ever shortening of the product life cycle. The need to rapidly introduce new products given the rapidly changing consumer, competitive & technological landscape has been critical
Extended of Supply Chain​
As organizations have moved offshore their supply chains have extended adding  new layer of risks, lead time & opaqueness across R&D, Engineering, Operations, Procurement, Finance and external vendors, suppliers & contract manufacturers​
Poor Collaboration ​
With global supply chains, organizations need to .dramatically improve trust, collaboration & information flow to effectively manage cost & competitive  pressure​

Boardwalk Digital powered New Product Introduction (NPI)

For companies seeking to innovate and grow at a rapid pace, an efficient new product introduction (NPI) process is business-critical. New product introductions can create an immense burden on manufacturing operations, so understanding market demand and the ability to supply across your value chain can help reduce risk. Boardwalk enables you to improve your new product introduction process to build in quality and reduce risk.
Multi-Party Alignment​
Enables all parties involved to collaborate and align on new product information data across internal and external users​
Ease-of-Use​
User interface options including Excel which supports offline save and sync support or a browser interface offers browser or mobile-based editing of data​
Workflow/Notifications​
Includes comprehensive workflow and notification capabilities. Includes a complete audit trail of data updates
Boardwalk supports a collaborative exchange across all parties involved in NPI which is essential for a successful product launch plus support two-way integration with backend PLM and other systems

Benefits of using Boardwalk for NPI

Seamless Collaboration
Achieve real time collaboration & frictionless flow of information  across your   extended  value chain - R&D, Engineering, Operations, Procurement, Finance, external vendors, suppliers & CMs​
Reduce Time to Market by over 50%
Build a transparent, efficient, collaborative & integrated NPI process which extends across your supply chain to external partners.​
Minimize Cost & Maximize  Compliance​
With end to end  traceability  &  unique digital ledger capabilities, your can eliminate process inefficiencies & accelerate optimal decision making
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