NPDI: New Product Development and Introduction

New Product Development and Introduction

NPDI

New Product Development and Introduction (NPDI) is the process of defining, project managing and developing the product and sourcing components from suppliers within a portfolio of technologies and markets. The NPDI process starts with identifying an opportunity in the market and ends with a successful launch of the corresponding product or service. This requires a coordinated effort among many functions, from marketing to engineering and finance, to manufacturing, suppliers, business development and sales.

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