What is NPD teanmsI in supply chain? What are the benefits of impelementing a structureed NPD. This section might come up in the exam..
NPD which is new product development teams in a supply chain are the teams which analyse the opportunities available in a market and design them into a product and develop a new product to be introduced into the market., These teams prepare the requirements for a new product after studying the market conditions . They then design a new product and manufacture it. The product is launched into the market and is marketed. This process helps in identifying the opportunities and also to learn about the risks associated with these opportunities. This gives time for the company to prepare for the risks and be successful in launching the new product. A structured NPD will help in maintaining a continuous study on the market and come up with new products to keep the customers engaged and thus develop the company . Hence NPD is very beneficial for the company .
What is NPD teanmsI in supply chain? What are the benefits of impelementing a structureed NPD....
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