Efficient product development & introduction is an engine of value creation. Early movers win greater market share at premium prices. Faster time to market speeds revenue capture & improves profit.
Developing and launching new products involves common processes for many manufacturers: designing products to market needs, onboarding suppliers, ramping production, and enabling distribution channels.
But it’s not easy. Challenges include lack of data control and access, inefficient and unsecured sharing of intellectual property with suppliers, and ineffective commercialization of new product launches..
But done well, NPD and NPI processes represents a huge source of value for manufacturers.
Capture premium pricing and reduce time to revenue with early market entry.
Grow profits through component cost control, smart resource allocation, and high engineering throughput.
Increase market share and customer loyalty with differentiated products and effective omni-channel promotion.
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Fully define and evolve the BOM. Manage change intuitively with redlining, draft BOMs, automated approvers, and mobile notifications.
Integrate with Microsoft Office and Google Workspace for document control and PDM systems for CAD data management.
Manage all supplier-related activities: AVL/AML, onboarding, qualification, collaboration, and corrective action.
Hit deadlines with project status visibility and task assignments that are enriched with context and directly linked to product artifacts.
Seamlessly release products for procurement and timely production ramp, rollup component costs to track and improve product margins.
Propel gives Formlabs the flexibility and capability to grow and expand their product portfolio, while reducing prototype delivery by more than 5 weeks.
Capture the financial benefits of launching innovative products earlier than your competitors.Get Started
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