Managing the Introduction of New Products

As a manufacturer, you know that constant innovation is the key factor to remaining competitive, and ongoing research, utilization of technology and laser cutting solutions, and development to design new and better products is integral to the industry. Your ability to design new products and modify existing designs, as well as improve time-to market, is critical to remaining competitive and profitable. Efficient management of the processes involved is essential to the success of new product launches and nowadays social media is the biggest promotion method, you can buy tiktok likes, views and more to boost your platform and make your new product or business known.

SYSPRO’s Engineering Change Control (ECC) enables you to apply strict control over your product design activities by providing an integrated rules-based electronic workflow system with full version control, security and auditable history. ECC gives you the tools to record and track new and modified product design and process changes, assess the impact of these changes on costs and associated data, and control the change routing and approval processes.

The Families and Groupings and Forecasting modules enable the entry of manual forecasts, as well as the automatic generation of forecasts via a variety of forecast algorithms – or via proxies: forecasts for new products based on a percentage of the sales history of a similar superseded product. Combinations of forecasts and other sources of demand, such as sales orders, can be configured as the demand drivers for new products in Requirements Planning.

The Contact Management system facilitates the marketing of new products to your customer base, while the Trade Promotion features help to streamline the processing and management of the trade promotions that are routinely offered on new products.

SYSPRO provides tools to streamline and track the introduction of new product designs and amendments to existing designs, along with relevant costings. A built-in workflow engine – SYSPRO Workflow Services (SWS) – enables you to streamline and manage the integration and execution of the entire design-to-market process, including the relevant activities that fall outside the SYSPRO system.

If you would like a white paper on how SYSPRO can help you introduce new products in your pipeline, please email me.