New Product Development

At SPF Groups, we believe that process provides structure for any business function. It is especially true for the manufacturing sector to ensure safety, quality, and repeatability. Our approach to innovation & new product development is no different. When we develop rigid, returnable packaging products, our team follows a simple and proven process to create systemic value for all stakeholders.

FOCUSED ON YOUR SUCCESS

Any established new product development process uses target ROI, IRR, or NPV success metrics to help establish priorities and initiatives.

SPF Groups examines all our projects in the same way. Therefore, the key to any successful innovation or new packaging or transport product is upfront interaction and exchange of information. Useful information gathered in the planning phase leads to agreement, positive results, and successful long-term partnerships.

TYPES OF NEW PRODUCT DEVELOPMENT

SPF Groups specializes in new product development for customers, including rigid plastic containers and returnable plastic packaging. Some of these products include:

WHY CHOOSE SPF FOR NEW PRODUCT DEVELOPMENT?

1

Adaptability

Change is inevitable in every industry. The key is to navigate the new product development process correctly. Whether it’s sustainability initiatives, new product or packaging introductions, rebranding, regulatory changes – you name it, we can handle it!

2

Staying On-Time & On-Budget

SPF approaches new product development the same way we do any other internal or external project. We follow a process to keep us on-time, on-track, and on-budget. We create solutions and proven benefits because we listen to our customers and challenge the status quo.

3

Experienced Supply Chain Analysis

Once a project is established, SPF goes to work gathering data, comparing alternatives, and quantifying success metrics. Our customers benefit from the latest software modeling, prototyping, and testing. Perhaps most importantly, the SPF new product development team offers over 75 years of combined relevant experience in supply chain and reusable packaging analysis.

At SPF, we believe that process provides structure for any business function. It is especially true for the manufacturing sector to ensure safety, quality and repeatability. Our approach to custom innovation & new product development is no different. SPF follows a simple and proven process to create systemic value for all stakeholders.

Any established process targets specific internal & external value or success metrics. For example, our customers typically emphasize return-on-investment metrics to determine any project approval or priority. SPF examines all our projects in the same way. Therefore, the key to any successful innovation or new product is upfront interaction and exchange of information. Good information gathered in the planning phase leads to positive results, agreement and successful long-term partnerships.

The SPF New Product Development Stage/Gate Process

Opportunity Summary > Business Case > Discovery > Validation > Development > Commercialization

The SPF New Product Development team considers all project specifications, design, material and working environment to create a solution. We utilize the latest engineering software to create Finite Element Analysis (FEA) and Life Cycle Assessments (LCA’s) to predict product performance in a variety of conditions. SPF uses rapid prototyping to start and then builds working prototypes for Beta testing on-site. The entire NPD Process is quick and transparent.

Why choose SPF New Product Development?

Industry Needs or Challenges: Sustainability initiatives. New packaging introductions. Rebranding. Regulatory changes. You name it. SPF understands that change is inevitable. The key is how to navigate the new product development process correctly.

SPF Solutions: SPF approaches new product development the same way we do any other internal or external project. We follow a process to keep us on-time, on-track and on-budget. SPF solutions and resultant benefits are created based on listening to the customer and challenging the status quo.

Customer Value: Once a project is established, SPF goes to work gathering data, comparing alternatives and quantifying success metrics. Our customers benefit from the latest software modeling, prototyping and testing. Perhaps most importantly, the SPF new product development team offers over 50 years of combined relevant experience in supply chain and reusable packaging analysis.