Non existent or unfit product or service development processes that hinder manufacturing profitability and growth

Driving Manufacturing Excellence Through Proven Product & Service Development Innovation

Are you encountering hurdles in bringing innovative products to market efficiently and effectively? Do you aspire to streamline your product development pipeline, accelerate time-to-market, and elevate the success rate of your new product introductions? Have you answered "yes" to any (or all) previous questions? If so, you might have a non-existent or unfit product or service development process.

We at Growth Lantern offer expert guidance to manufacturing companies seeking to innovate their product development processes. We draw upon over a decade of practical experience in analysing, developing, and optimising product development processes within the manufacturing industry, coupled with a deep understanding of established methodologies. We provide a structured approach to address your specific New Product Development (NPD) challenges and drive tangible improvements, regardless of your industry.

Our comprehensive methodology blends real-world application with the core principles of product and service innovation, ensuring a tailored and effective solution for your organisation:

• Comprehensive Needs Assessment: Understanding your challenges and goals through stakeholder interviews.

• Contextual Analysis: Evaluating your innovation maturity and benchmarking against competitor and industry best practices, including successful applications.

• Collaborative Process Design: Co-developing an optimised product or service development process with your teams, defining stages, deliverables, and progress and acceptance criteria based on practical insights and the core principles.

• Clear Role Definition: Establish essential roles and responsibilities to ensure effective execution and cross-functional collaboration aligned with core product and service development principles relevant to your business.

• Practical Validation: Testing and refining the collaboratively designed process within your business to ensure seamless integration and effectiveness.

• Thorough Documentation & Implementation Support: Providing a clear process document and support during implementation for successful adoption.

Key Features of Our Solution:

• Extensive practical experience in analysing and optimising product and service development processes within a demanding manufacturing environment.

• Deep understanding and application of established development models.

• A collaborative and tailored approach, ensuring the solution effectively addresses your unique organisational needs and challenges.

• Focus on identifying and resolving the root causes of inefficiencies in your product development lifecycle, drawing upon practical insights and established best practices.

• Empowerment of your teams through active involvement in the process design, fostering ownership and buy-in.

• Delivery of a clear, documented, and validated product or service development process, providing a solid foundation for future innovation.

• Support during the implementation phase to ensure successful adoption and sustainable improvement.

Benefits for Your Organisation:

• Accelerated Time-to-Market: Streamlined and optimised processes, informed by practical application and core principles, lead to faster product launches.

• Enhanced Product Success Rates: A tailored, well-defined, and practical process, combining insights from established frameworks, significantly increases the likelihood of successful product introductions.

• Improved Resource Efficiency: Optimised workflows, guided by real-world experience and the core review principles, minimise waste and maximise output from your valuable resources.

• Increased Innovation Output: A straightforward, effective, and practically validated process fosters a more productive innovation environment, resulting in a higher throughput of successful new products.

• Greater Predictability and Control: Standardised stages and decision points, informed by your business needs, practical application and relevant best practices, provide better oversight and forecasting of product development projects.

Transform your manufacturing product and service development into a predictable engine for growth and profitability guided by Growth Lantern.