Factors to Consider Before Custom / New Product Development

Product Development

About Product Development

“Custom Product Development” or generally known as “New Product Development” may sound simple, but it is the multifaceted process of designing, prototyping and manufacturing a new product from the scratch. To be honest, the designing and engineering phases involved in product manufacturing are truly complicated and beyond one’s imagination. It refers to a collective team effort among the major departments within the company, including, R&D, Operation, Marketing, and Finance. Under the hood of custom product development, each and every member of a product development company strives to find the set of innovative solutions to customer problems or customer needs.

Factors to Consider Before Initiating the Product Manufacturing

Generating New Ideas

Companies with a higher rate of success in custom product development make a concerted effort to produce a steady stream of new product ideas. All of these ideas undergo a thorough screening process, and many are discarded just before the potential winners are declared. Some ideas are left untouched because in management’s decision the need or problem they solve is not convincing enough to prompt customers to be highly motivated to make a purchase. The ideas that make it through the final manufacturing phase are those that offer customers something that is much more useful than anything offered in the market now. They offer user-friendly, understandable yet potent solutions. These are the products about which people remark: “I wish I’d thought of that!”

The Test of Marketability

For companies, “What will be the price of the product?” is the key point of concern at the time of introducing the product. For example, if you are a company that deals with consumer products, then it can be quite expensive for you to bring your product to the mass market. Additionally, the average length of the sales process affects your product’s marketability, as well.

Now days, for some technology-based business solutions, a series of meetings and presentations are held prior the purchase decision is made. Therefore, for better marketability, companies should make sure that they have distribution channels in place, or can immediately establish them, to get their products in front of potential buyers. Companies that knowingly or unknowingly ignore this step are often frustrated with how difficult it is to get their products on major retailers’ shelves.

Evaluation of Feasibility

A product idea may be left untouched because its manufacturing duration would be too long or there are plenty of design hurdles that can hamper the overall development period. Delaying the launch of a newly developed product equates to lost revenue opportunities. Moreover, the manufacturing cost of the product should be taken into consideration with respect to the size of the market of the product. Spending $6 million to produce a product that will only return $2 million annually doesn’t make economic sense, as it will take years to recoup the basic investment.

One more feasibility issue is whether the company has the in-house team for product development so the gross margin will be ample enough to ensure profitability. If the manufacturing cost is too high, the price charged to the customers may be too high as well, which makes a product less competitive in the market.

The Decision to Proceed

After a thorough research, lots of meetings and hundreds of presentations, a company devises a product plan that forecasts the bottom-line profit the company is expecting to yield from the new product development. In case, if the prospective profit of the product to be developed is not up to the financial performance standard of other products in the company’s line, the judgment may be made not to proceed with manufacturing it. However, there are some strategic considerations as well. Acquainting a product may allow the company to reach a large new market for other products it produces, boosting revenue company-wide. At the end, custom product development can solidify the brand image of the company.

All of the above listed aspects unite together in the final decision of whether to give the new product development the green light and proceed with introducing it.

Why You Need A Professional Product Design Company?

Why You Need A Professional Product Design Company?

Not every entrepreneur or designer has the resources to make his or her product come to life. That’s where the industrial product design services come into the play. A product design and development company can take care of all the technical and practical factors of manufacturing a new product in your brain. Whether you want to develop a never before product idea, something brand new, or something like your business’s core product, all you need is a reliable product development partner that can execute the job more effectively and efficiently.

Working with a product design and development company brings you in touch with a group of people who have years of design and development experience across a huge scenario of varied industry types. Product Design Company such as GID in California has everything you need for your product design and development. It has skilled manpower and the latest technology, to deliver a cost effective solution for the bulk manufacturing process.

One of the key advantages of hiring an industrial product design service from a reputed firm is its expertise in transforming ideas from the nebulous stage to a fully functional prototype. Possibly, your brain might be flooded with the greatest money making ideas, but without the technical know-how and the contacts to turn your concept into professionally developed schematics and a functioning prototype; you will never get if off the ground.

An established product design company has the tendency to deliver industry standard plans and specifications that exemplify your concept in real materials. A product design company with years of experience is also capable of recommending the ideal materials and manufacturing processes to bring your concept to life in the most inexpensive and rational manner.

The ideas are yours, of course; but when you contact a product design and development company like “GID (Get it Done)”, you open all the doors to make those ideas come efficiently to life. Such companies don’t waste your time and money, and use the most suitable material and technology for rapid prototyping and for final development phase. A product design company can knock out all the time wasting and overspreading that takes place when a great idea meets a person with no experience in product design and product manufacturing.

A good product design and product manufacturing company will offer you with a full package that includes the aesthetics and brand design of your idea along with its working functions. The success and the long term profitability of your idea solely depend on the product design. In addition to manufacturing and technical design professionals, a product design firm will be there to offer helpful guidance on the appearance of your product. Instead of trying by yourself and risking your product idea, get in touch with a company that can help you get it right every time.

GID Company, California, can transform your basic design ideas into reality and offer great product design solutions through experts. Feel free to contact us at: www.gidcompany.com/contact-us.

Plastic Product Manufacturing: Use the Best Way to Produce Plastic Products

Plastic Product Manufacturing: Use the Best Way to Produce Plastic Products

What is Plastic Product Manufacturing?

The plastic product manufacturing refers to the successions of steps necessary to convert raw oil and natural gas into desired products made from plastic like hoses, cups, pipes and much more. It is a complicated procedure that initiates with converting oil and other natural gas into hydrocarbon monomers that are later combined together in huge chains called polymer plastics.

On the basis of the kind of monomers assiociated together, the manufacturer can generate various types of polymer plastics, including high density polyethylene (HDPE), polyethylene terephthalate (PET), and polyvinyl chloride (PVC). As soon as these plastic polymers are produced, the following stage in the process is to convert these simple polymers into desired consumer products. There are four sub-processes, which might be used to do this, and they are injection molding, rotational molding, extrusion molding, and blow molding. Every manufacturing procedure yields diverse type of plastic products.

Best Method to Produce Plastic Products

If you are into plastic product manufacturing, then what is the best process for the product development? If you don’t know, then here we will show you a process which can offer the best finished plastic products. Continue reading to know more about the process.

Latest Molding Systems are a Necessity

Have you heard about “Hot Runner Injection Molding”? Hot runner system is one of the best options for molding of plastic parts. With the help of this system, a manufacturing company can easily inject the molten plastic resin into the cavities of the mold to create precise products. Injection molding is a process, which can be performed using a variety of products, including, metal, glass, confections, elastomers, etc. The material is directly fitted into the heated and hot barrel and smoothly inserted into the mold cavity where it cools down and hardens as per the shape of the cavity.

Today, the use of a hot runner system has become a growing trend because it is one of the most efficient methods of molding different plastic parts. Additionally, it saves time and money, and the product manufactured using this technology is better in terms of looks and durability.

As a result of several advantages it offers, the dependency on the hot runner is increasing steadily across the globe. The basic investment in hot runner is certainly quite high, but to be honest, it is worth it. One must look at the long term benefits of this equipment. Since the hot runner is designed and manufactured in an independent manner, the lead times in the production stage are never affected.

Why We Advocate “Hot Runner System” for Plastic Product Manufacturing?

There are many advantages of adopting “Hot Runner System” for plastic product manufacturing that force us to advocate it as the best method for “Plastic Product Manufacturing”. Here are some of the advantages of hot runner injection molding:

1.    Better Efficiency and Enhanced Production Ratio:

It has been scientifically concluded that Hot Runner System has the ability that increases the level of efficiency, at the same time also enhancing the overall production rate. The product manufactured using this technology is free from any flaws; therefore, have a better market value. We also promote it because of its higher heating capacity. It is easy to use a hot runner mold. Since the equipment is pre-heated the molten product can be easily poured into the mold, and the temperature can be easily controlled.

2.    Better Quality of Operations

Hot Runner System is not only better at increasing efficiency and the production rate, but even the quality of operations presented by hot runner is very high when compared to a cold runner. It is one of the key reasons, why a hot runner mold is preferred over cold runner. The hot runner is a worthy investment and will definitely fetch excellent results in the long run.

3.    Obeys Industry Standards

With the advancements in the technology, the competition for using hot runner molds is increasing day by day. Since various plastic injection molding companies are increasingly realizing the benefits and importance of hot runner injection mold, the industry has defined a set of standards while manufacturing such hot runners. In return, this set of industry standards ensures the best mold without any defects or flaws.

Whom to Contact For Plastic Product Development in the USA?

You will find numerous local, as well as international custom plastic product manufacturing companies over the web, but no one can stand up to the level of creativity, technical stability, and experience that GID possess. Based in California, they are a leading product development company that serves to help other companies, organizations and individuals to develop its ‘one of kind’ and innovative new products.

They provide fully managed, low cost & high quality plastic manufacturing services to their clients in the United States and worldwide. They are in fact a one stop solution to all your product development requirements. GID boasted with teams of product designers, qualified engineers and 3D CAD design experts, they are dedicated to help their clients to manufacture the finest product for their customers that can boost their brand.

Want to inquire about GID’s Plastic Product Manufacturing Service? Contact us @ https://www.gidcompany.com/contactus/

How to Reduce Time to Market in Product Development?

How to Reduce Time to Market in Product Development?

GID is a product manufacturing company that assists its clients throughout the product development lifecycle, from product research and custom product development to quality assurance and maintenance activities. We also guide our clients in selecting appropriate technologies, platform and features before committing to any large financial outlays.

Reduce Time To Market Your product

In today’s competitive world and stiff market conditions, smart entrepreneurs must carefully allocate every penny. Not only money, but even time is critical in any product development because, when you plan to develop a product or service, you cannot be sure that your competitor will not introduce a similar product before you do. Therefore, time will decide the success or failure of your product introduction to the market.

There are many ways by which you can reduce a product’s time to market. A few of useful ways to reduce the project time is listed below. The points / tips are a good sample of the most common approaches taken by experienced project managers to reduce the project’s time to market:

Incremental Development

Incremental design and development is essential in decreasing product’s time to market and must be considered as the primary tool when starting a complex project. By incremental development, you can pick a subset of the features of the product specification; you work on that subset, test it and weigh it. The product is shown to the customer and to all stakeholders for comment. Finally, you can choose to release this subset to the market or move to the next step and pick other features from the specifications and include them to the product.

The beauty of this approach is that at any phase, you have a product which is functional and could be released to the market. In addition, by showing the product to the customer, you get instant reviews at the end of every cycle in product development. With this method, there are no hidden surprises, and the development team and the customers are in sync throughout the product development lifecycle.

Testing and Re-evaluation

At the completion of every development phase, the product is tested thoroughly and prepared for the launch. This does not contradict the concept of continuous deployment. The product is constantly tested and evaluated. As time progresses, the product gets more and more polished and functional. At any stage of the development life cycle, the product can be shown to the customer or stakeholders for evaluation and feedback. The motto behind this evaluation, at the end of each lifecycle, is to determine whether the product is meeting the specification or not? Whether, new changes are required or not?

Regular testing and evaluation helps to reduce the risk of project failure or delay.

Cross Functional Teams

For the desired result in the limited period of time, the product development company should have different teams of experts, which includes R&D, manufacturing, marketing and engineering. Keep the size of the team as small as possible, because as the member of the team grows, its efficiency is reduced due to maintenance and management factors needed for larger teams. Increased number of members in a team also increase the chance of rivalries and politics, which you don’t need in your team.

Agile Methodology

Agile methodology is an old yet an effective product manufacturing concept. There are several advantages of agile methodology for product development and even the most renowned design and development teams in the market today are practicing agile methodology. In the latter, the product is divided into several phases or so called sprints. At the completion of each phase, the team has a functional product which could be launched to the market or be used as the platform for the next phase. Agile reduces time to market substantially for most product developments and as an added advantage, it decreases the manufacturing cost.

Conclusion

A complex project development takes a lot of time and resources to come to fruition. Time to market plays a crucial role in the success or failure or any product. By employing the above mentioned tips / steps, a product manufacturing company can reduce time to market, manufacturing cost, and can have a better quality of products for their customers.

For more information or for custom product manufacturing, feel free to contact GID at www.gidcompany.com/contact-us

Increase Your Business Revenue with Professional Yet Affordable Product Design

Professional Product Design Company in California (USA)

Professional Product Design

Being a professional product design and research consultancy, we dream and breathe the world of industrial design, additive manufacturing, and Medical Device Design. If you want to bring your idea/concept to life, then feel free to communicate with our professional product designers who will be happy to serve you.

Product Design Service in California:  Boost Your Sales Graph Vertically

Whether you are an individual, start-up, small, mid-sized company, or multinational brand, we are here to fulfill your product design needs and help you turn your ideas into money-yielding products. We carefully listen to every idea, as we believe that no idea is small.  Under the hood of GID Company, we offer services such as concept design, product design, applied industrial design, industrial design, product manufacturing and research, with, concept design, concept development, 3D printing and, not to forget rapid prototyping.

At GID Company, we understand the significance of ideal product design in the custom product manufacturing. Our professionals know how to bring the right ideas into products and products to the market. We are perpetual with our creativity and love to help our clients and partners, belonging to a wide range of industries, by helping them to design and manufacture their products and concept. You can hire our skilled and experienced product designers who have delivered product designs for customers in a myriad of markets and industries.

Different Product Design Phases @ GID Company

Thorough Research: Success and failure of product development is directly proportional to the design of the product. Therefore, we take utmost care while devising a design for your concept. According to our product designers, a good industrial product design takes into account user needs, market forces, material processes, constraints, and manufacturing requirements. For successful product manufacturing, we never compromise with any of these factors.

Concept Creation: Concept creation is the second phase of product design and development wherein creative minds at GID Company act together. Based on the thorough research data, the creative minds at GID Company come up with the right, feasible ideas for every aspect of a design brief.

Concept Design Realization via CATIA:  This is a stage that links concept creation and product prototype development. The concept creation “Ideas” thought in the previous phase is realized in the form of feasible designs, and an attempt is made to transform that idea into something tangible. It is an important phase, in which a concept is turned into photorealistic representations for a better understanding of features and functions. At GID Company, viable designs are realized by CATIA V6, the most advanced 3D Virtual Design and Engineering Software available today.

Product Prototype Development:  This phase can also be referred as the backbone of new product development (NPD). It allows product design companies to test the performance and integrity of the design. Skilled and experienced brains at GID have an amazing ability to prototype almost everything, small or large in most materials using the latest technologies. We are awesome at rapid prototyping.

At GID Company, we have a team of creative product designers, qualified engineers, and skilled project managers to regulate product development at every phase. We are immeasurable with our creativity, and we keep on working until we manufacture a product that is world-class and cost-effective. For product success, we follow a unique stage-by-stage approach that allows our clients to work with us through the entire development cycle.

Our product design services in California cater to a wide range of custom product designing and manufacturing requirements, meaning no job is too small or too big for us to be involved with. There’s no harm in sharing your concept with us.

Why Not Get in Touch with Us? Let our team of product designers help you on your new and exciting product design and development journey. Let’s make it happen, Contact us, or call us at +1-714-323-1052.

The Importance of Product Prototype Development for Your Innovative Idea

Importance of Product Prototype Development

Most inventors of a new product are often so enthusiastic about their latest product that they immediately proceed for a quick production and launch. This strategy, however, is not the right strategy, and it will probably end up in a failure.

You might be wondering, what is wrong getting the new product idea into gear straightaway. You have done the market research and have the right data; you know that there is an excellent market for your innovative product; then why shouldn’t you quickly get your new product to the market and start maximizing your profit? Well, there is a simple and logical reason for not doing this. You do not know yet whether your new product actually works or not. You still do not know whether you can mass manufacture that product efficiently and cost-effectively. Besides, despite knowing that there is an excellent market (based on your market research), you still do not know whether your target consumers will accept the new product. Therefore, the best way to know that your product works and will be embraced by the consumers is to create and test a prototype first.

A product prototype development will take your amazing idea to the papers (you can formally call it blueprints) and then turn it into a real-life working model. A prototype is, in fact, a real working version of your well-thought-out product that functions or does everything the way you want it to do.

An eminent product prototype development company will develop a prototype using precise specifications as if the product was in production; however, they will not mass manufacture it yet, but will produce only a single item. One fundamental aspect of a working prototype is that it has to be designed and developed in such a manner that it represents the product, which can be mass produced before the launch, at an economical price.

 It all depends upon the type of new product idea you have in mind. Let us have an overview of each of the product prototype types.

Mechanical Prototype

A mechanical prototype is one, which we can define as physically made from some material and has some mechanics involved. All the materials used for this type of prototype have to be real materials and the mechanics used should be as per the specifications. These materials and mechanics will later become part of the product ready for the mass production. This type of prototype will help refine the product design and mechanics, and at the same time, help judge the performance of the materials you plan to use.

Software Prototype

A software prototype is one, which does not have any physical characteristics, such as online transaction systems or a simple product, like a website. Creating a prototype software normally involves two stages – developing an “alpha” version and a “beta” version. In the alpha version, the development company will gradually develop various software features. Once they develop the necessary features, they will change that alpha version to a beta version. In the beta version, the development company will perform various tests and adjust the software as per the desired results. Beta versions are often distributed to users in order to get some valuable feedback. Based on the feedback, creating an excellent final software product is possible.

Electronics Prototype

Electronics prototype is one, which involves constructing an electrical circuit using a stripboard, breadboard, and various other electrical components. Based on the theoretical design, a prototype development company will build an actual circuit in order to verify whether the circuit can perform the desired functions or not. To a theoretical electronics design, this type of prototype is a physical platform where debugging is possible in order to achieve the desired results.

Product prototype development is essential for three major reasons:

  1. A prototype serves as a basis for the actual product, which you can introduce in the market with maximum confidence and minimum risk. Besides, once you have a working prototype, you will now at least know that it is possible or viable to manufacture the actual product.

  2. A prototype is a real, feasible thing that can easily excite the investors. With a product prototype and the data from your market research, you can create an excellent business plan that will show the potential of your product in the market to the investors.

  3. A prototype is a working model of your idea that you can use as a basis for various marketing tests. With the working model, you will be able to conduct primary marketing research, which will indeed help you hone your approach to the market.