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
WHY CHOOSE SPF FOR NEW PRODUCT DEVELOPMENT?
Staying On-Time & On-Budget
Experienced Supply Chain Analysis
New Product Development
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
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.