Stories & Features
The participation of a supplier that utilizes their own PDP internally can improve both the effectiveness of the product development outcome as well as the efficiency of the product development process. The effectiveness of a supplier is related directly to how well they perform compared against the desired product outcome, while efficiency is related to development costs and the required time for the supplier to complete development.
Time to Market
Given that using a solid NPD method can transform the way companies develop products, collaborating with a vendor that also utilizes a PDP will provide the best support for companies to carry out successful product development, from conceptualization on through launch. Bring in suppliers early for them to closely monitor the technical aspects of the product and point out any development risks.
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