Product Development
Product development groups are the source of
innovation in a company. Their mission is to find the
best products and services that satisfy real business
needs at fair prices for both consumers and the producer.
To do this successfully, product development groups must
be part marketing, part engineering, part operations, and
part finance.
- Marketing: Researching markets
and creating demand forecasts;
- Engineering: Designing products
and services for success;
- Operations: Analyzing production
/ delivery costs and resource implications;
- Finance: Ensuring profitability
and understanding risk.
Vanguard can help guide critical decisions across
these areas by leveraging your company's collective
intelligence and our proven analytical methods.
Bringing Together People, Analytics, and Systems
The Vanguard System™ is a comprehensive business
solution for improving the quality, reliability, and
speed of management decisions. It does this by helping
you Collaborate with colleagues
on important plans, Analyze alternatives
using state-of-the-art modeling and simulation
techniques, Automate routine
decisions using expert system technology, and Improve
overall management effectiveness by adding
structure to a normally chaotic process.
Business improvement is all about working smarter.
Vanguard brings together the people, analytics, and
systems required to help your business operate
intelligently.
What Can Vanguard Do For You?
Here are just a few ways Vanguard supports product
development departments:
- Surveys and research: Know your
markets and understand your customers' needs,
wishes, and opinions using online surveys.
- Demand forecasting: Predict
product demand and raw material needs, even when
historical data is scarce.
- Cost modeling: Estimate
lifecycle costs during the design phase to
balance cost with performance, quality, and
reliability.
- Mix / Portfolio analysis:
Optimize product portfolios, pricing, and
promotions and see the impacts of launching new
products.
- Sales and operations planning (S&OP):
Enable real-time collaboration between
Marketing & Sales and Operations to ensure
production capacity can profitably support
customer demand (and vice versa).
- Resource optimization: Determine
how to most efficiently allocate scarce resources
such as people, equipment, and cash.
- Supply chain planning: Optimize
your supply chain network, inventory policies,
distribution plans, and more.
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