Project Management for New Product Introduction
What is New Product Introduction (NPI)?
Getting high quality products to market fast is more complicated than ever. Distributed teams using different tools and sharing information with external supplier partners means that it`s easy to slip up and work on the wrong design. The need to innovate and get your products first to market means that you need a way to keep the entire product team on the same page.
New Product Introduction (NPI) processes affect many teams, product lines, and supply chain partners required to develop and ship products as team move from early concepts to prototypes to production. Establishing a solid, unified plan for NPI will help you meet cost, quality, and scheduling goals – while eliminating costly mistakes that can lead to excessive scrap and rework or customer complaints. A good NPI process is the foundation any successful product launches and helps boost sales, customer satisfaction, and revenue growth.
Establishing a Thoughtful NPI Plan Which Has a Major Impact On Your Bottom Line
Getting new products ready for release can be involved, intimidating, and subject to many common pitfalls. That`s why we’ve outlined Best Practices for NPI and NPD Success to ensure that your product development and introduction processes are smooth and efficient. Need More Help? Check out our Guide to New Product Introduction for even more free advice on essential elements of the NPI process.
New product introduction means start a new project for sourcing & procurement, new soucing & procurement project is very complicated and need cross functional and supplier collaboration.
SMART Sourcing project management is vital to ensure a Successful New Product Introduction (NPI):
Procurement Project Demand Management
Demand requirements management for new sourcing project
Identify special needs for procurement projects
Project background information assessment
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Project Purchasing Objective Management
Turn project requirements into project goals and KPIs
Project SMART goals
Project objectives and KPIs management
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Project Organization Management
NPI Project organization planning and management [PM-Responsibility matrix-RASIC chart]
Competency/capacity model matrix management of project procurement team members [DiSC personality analysis and competency]
Task Check list/OPL for project procurement team.
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Project Time/Milestone Progress Management
Establish milestone management according to the requirements of the project committee / project sponsor / project stakeholders
Establish Gantt chart task package and development and control schedule
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Project Procurement Cost Management
Project purchase cost database and data analysis management
Project should cost analysis
Product life cycle based cost management
Cost drivers modling management based on value chain
Project cost management
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Project Quality Management
Project quality requirements management
Advanced Quality Planning Concept APQP
Quality Control Plan
D_FMEA and P_FMEA
Quality standards and change management
Quality Assurance Agreement QAA and Quality KPI
Quality Risk and Upgrade Management
Review of quality management system
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Project Resource Management
Project fund resource management
Project human resource management
Project internal resource management
Project external resource management
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Project Communication Management
Management of project procurement communication mechanism
Communication report with the project sponsor / project committee / project stakeholders
Internal communication and coordination of the project team
Communication and coordination with resource providers
Communication and coordination with suppliers
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Procurement Project Conference Management
Project meeting system
Project Status Routine Evaluation Meeting
Review and evaluation of key control nodes and milestones of the project
Project task package status tracking control management
Minute Management of Project Meetings
Emergency coordination communication
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Procurement Project Problem Management
Problem preventive analysis monitoring management
Problem Channel Collection Management
Problem Solution Management
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Procurement Project Escalation Management
Four levels of project upgrade management and strategies
Project Risk Management
Project procurement risk preventive control plan management [including lessons from previous similar projects]
Project procurement analysis identification, analysis management
Monitoring and management of project procurement risk
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Project Procurement Process Management
Strategic sourcing process planning
Sourcing strategy development
Strategic category management
Supplier base excellence & innovation management
Pre-SOP Purchase Project Management
Project preparation stage
Concept development stage
Technical Specification and RfQ / RfP stages
Strategic negotiation design and contracting
Pre-production preparation and second resource development plan
Release of parts and processes [PPAP release]
Capacity planning management
Engineering change management of procurement projects after SOP
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Project Procurement Information and Document Management
Project Procurement Master Data Management
Project Procurement Document Management
Project Status Cockpit Icon Management
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Project Procurement Change Management
Clarification of Project Demand Changes
Project Change Response Strategy Planning
Customer approval
Implementing changes
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Project Deliverables Acceptance Management
Submit project by project sponsor / project committee / project stakeholder
Acceptance according to the project goals set at the beginning
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Project Report Management
Project Report
Customer satisfaction survey results
Project PDCA Enhancement Plan
Project Celebration and Reward Management
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Project Experience and Lesson Management
Summary of Project Experience
Project Lesson Summary
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New Purchasing Project Gantt Chart
New Sourcing Project
Totally Executed as planned & everything under controlled