How to Summarize a Plastic Product Manufacturing Strategy

How to Summarize a Plastic Product Manufacturing Strategy

If you are planning to develop a new plastic product for your customers, then a clear and focused plastic product manufacturing strategy is critically important to ensure success, and without a well-defined strategy, new product development will tend to stall or even fail. A well-defined product development strategy lends you opportunities to analyze and overcome unexpected concerns. Moreover, it also offers direction and action plans, prioritizes and aligns activities, defines accountabilities and enhances communication and commitment.

Plastic product manufacturing industry changes rapidly, and for entrepreneurs to thrive in this environment, they have to keep their heads about the day-to-day business and spend time looking and listening to the changes that are happening in technology and business. A well-versed new product development strategy can avoid waste of time, money, and resources. It will not only help you organize and manage the entire product manufacturing process, but it will also help you in capturing your customers’ views and expectations, and strategically design and resource your new product development project.

Why do I need a Product Development Strategy?

According to The GID Development Corporation, California, a well-planned and a well-versed “New Product Development” strategy will aid you in:

  • Understanding your potential market and end users
  • Launch of rewarding new products
  • Manufacturing new products that are more useful, durable and affordable
  • Avoid unnecessary manufacturing expenses
  • Proper use of resources and time frame
  • Avoid business risk and unnecessary competition

Points to Consider While Framing a New Product Development Strategy

What is your product?

A detailed and systematic answer to this question will definitely help you overcome most product development glitches. An answer to this question will keep you and your team focused on a single path and escape new product development pitfalls, including manufacturing too many products at once, running out of resources, and wastage of time and money.

What do your end-users expect from your product?

You are manufacturing the new products for your customers; hence, their likes, dislikes, and expectations should be kept at the top of the list. To create a rewarding new product manufacturing strategy, you require an in-depth understanding and knowledge of what your customers want. A new product development strategy summarized based on a strategic, determined, and targeted approach will ensure success for you and your products.

What about the time frame?

Manufacturing new plastic products from scratch is a time-consuming task as well as equally trying; hence, don’t make any decision in the hurry or in frustration. Spend adequate time to conceptualize your idea, product design, product prototype development, and more. Your purpose of manufacturing new products will help you define manufacturing time and your deadlines for execution. Be attentive and accurate.

What are the key concerns?

As stated in the above paragraph, plastic product manufacturing is not an easygoing job. There are thousands of questions to be answered and hundreds of processes that are needed to be handled professionally. Therefore, always focus on key concerns such as product design, price, features, etc. to ensure your product development process moves in a straight path.

Need Help! Call Jim Grimes

The GID Development Corporation is an American plastic product manufacturing company helping small and mid-sized entrepreneurs in realizing their dream of launching a new product. If you have any questions related to plastic product development, then call Jim at 714-323-1052

Industrial Product Design and Development Services, USA

Industrial-Product-Design-and-Development-Services-USA

So, you just had your eureka moment? Do you believe your concept can really stir the market in your favor? Are you really planning to design and develop the new product? Are you in search of an American product design and development company? If your answer to all these questions is “Yes”, then congratulations, you have landed on the right place.

We are the GID Development Corporation, an American Product Design and Development Company, helping small, mid-sized and large companies create new products that can escalate their profit margin as well as enhance their brand presence, globally. We know that the process of new product development starts as an idea or an improvement in the concept of an existing product (in terms of features and appearance). However, manufacturing a new product is a complicated job and not everyone’s cup of tea. To come up with the new product that can stir the market in your favor, you need a comprehensive analysis report of your targeted market and a potent product development strategy.

Flawless Product Design Service

Based in California, the GID Development Corporation is an established product design and manufacturing company with more than four decades of industry experience. During our journey, we have worked with businesses belonging to different industries such as healthcare, automotive, lifestyle, plastic products, and sporting goods to name a few. A sound team of qualified and experienced product designers and engineers make us stand above the ordinary service providers in the market. We have a team of highly qualified, experienced, and creative product designers who strive for nothing but the best.

Our product designers continuously explore the product development industry to offer solutions that are far superior to ordinary solutions available in the market. Our team of product designers can carry out a wide variety of functions, based on the existing industry trend, competition and research.

Product Development Services

At the GID Development Corporation, we have a strong team of product engineers and project managers that include electronic and software engineers, mechanical engineers, researchers, prototyping experts, and industry specialists, who lead our product development projects from the front. Our thorough, statistics-based development services are designed to deliver products that are customers centric, without exceeding the timeframe and defined budget.

Call Jim Grimes @ 714-323-1052 for a Free Telephonic Conference

When designing and manufacturing a new product, it is necessary that we stay focused and proactive so that our efforts result in a rewarding new product. A proactive approach from the very beginning can save time and money.

If you had that eureka moment, and if you wish to bring your concept to life, then we welcome you to share your ideas with us. For product design and development services Call Jim at 714-323-1052

Traits to Look for in a Product Prototype Development Company

Traits to Look for in a Product Prototype Development Company

If you are manufacturing a new product, then you have to develop a product prototype to test the product design and features prior bulk manufacturing process. Product prototype development is an important phase because it offers an insight on how your future product that subsists as a drawing or computer model will appear and feel when produced. Furthermore, prototyping a concept before the bulk manufacturing process allows entrepreneurs and inventors to enrich the product, both aesthetically and functionally.

If you are planning to prototype your concept with the help of a prototype development company, then look for these traits before you hire their prototyping services, and they are as follows;

Thorough Feasibility Studies– A thorough feasibility study of an idea concludes whether the idea is worth development or not. It is essential and enables a prototyping company to guide inventors and entrepreneurs understand their product, available technology for manufacturing, and product development limits. A thorough feasibility report can aid both, a prototyping company and an entrepreneur, dodge several unpredicted manufacturing concerns.

In-house Industrial Design Capabilities– An American product prototype Development Company that you propose to contract must be proficient in industrial product design services or must have a dedicated team of industrial product designers. It is better to hire a company having an in-house team of product designers because it can conduct a product design study and detect precarious areas prior you proceed to the subsequent manufacturing stage. An in-depth product design report card can help you save thousands of dollars and precious time.

Product Development Cost Analysis– A well-defined financial draft for custom development is precious and extremely helpful. A comprehensive financial layout will aid you in gathering money for the product to be developed. For a useful product development cost analysis, you should be aware of issues such as product tooling costs, the cost of raw materials, cost-per-part breakdown, post manufacturing costs, and an estimation on labor costs. An ingenious financial plan safeguards your product manufacturing process against financial dilemmas.

Other Areas of Expertise– A product prototype development company should have expertise in additional areas of product development including, knowledge of licensing and copyright laws, proper understanding of industry standards, contract research and development, education and training in the product development industry etc.

Along with the above-mentioned traits, as a smart entrepreneur, you should also verify whether the company has dedicated teams of proficient industrial designers, prototyping experts, product development professionals, and project development managers to professionally handle your needs or not.

How to Convert An Idea into A Rewarding New Product

How to Convert An Idea into A Rewarding New Product

Someone’s dare to think out-of-the-box and bringing those unbelievable product ideas to life have revolutionized the human civilization. These new products have certainly made our lives more comfortable and easy. In the 21st century, new product development not only fuels the economy but at the same time, it also wins the heart of people wherever it goes. New product development holds a long, rewarding history, and during this course of time, we came across thousands of success stories that inspired us and failure stories that taught us a lesson and left us thinking, “What went wrong?”

So, is there any way to aid entrepreneurs avoid or overcome product development pitfalls? According to the GID Development Corporation, there are many tricks to ensure successful new product development, even if you are new and don’t know anything about custom product development. In the last 40 years, The GID Development Corporation has helped hundreds of businesses transform their ideas into rewarding new products. This not only helped businesses boost their economy but simultaneously helped them sustain the fierce competition and create a vibrant brand name in their respective industry.

As the need of every new product development is different, the journey of every entrepreneur is also different. Here are six tips to get you started on the path of success, and they are as follows:

Take a fresh start with your idea– When it comes to successful new product development, there is nothing like a shortcut. Before you initiate a new product development process, it is recommended to thoroughly analyze your market, understand your end users’ requirements and expectations, what features are needed, and most importantly, what your competitors are offering. Keep your mind open and try to collect as much data as you can collect before you make any move. Some other points to consider are overall manufacturing cost, product’s retail price, your profit margin, and competition in the respective market.

Don’t forget to validate your market– This step is one of the introductory steps to custom product development and according to the product development experts, this step should never be ignored or overlooked. We are creative, and when we own a new product idea, we get mesmerized by our concept and tend to put earmuffs and blinders on. For instance, you work in a company where your task is to advise your boss as to which product will yield maximum ROI. The most reliable method to find out this is to ask them “Your Targeted Customers” about their likes, dislikes and expectations by conducting the survey.

Keep it simple– Often times, due to overexcitement, we include showy features that are unnecessary. These unnecessary features not only make the manufacturing process complex but also increase the overall manufacturing cost and time. Developing premium quality products with only necessary features with an affordable price tag can generate more sales and more profit.

Fund Raising– You will need a lot of money for manufacturing a product from scratch; hence, to overcome the financial problem, you can try options such as microloans, credit lines, crowd funding, and other online funding alternatives that suit your business. To help you in your venture, here are some options from where you can raise the funds, and they are: SoMoLend, Opportunity Fund, Accion USA, Kiva Step Ahead Loan Program, and Kabbage. Moreover, with mere efforts, you will easily find an investor for your project.

Product Prototype Development– Product prototype development is the most important phase in new product development. Once you approve the product design, instead of initiating the bulk manufacturing process, start with something basic like rapid prototyping of the concept that can be refined repeatedly. It does not need to be fancy or costly. The reason behind the product prototype development is to test the functionalities and to conclude whether your idea is feasible or not.

Have a business plan ready– It has been observed that most entrepreneurs ignore the importance of the business plan. But, the fact is, a tactically framed business plan helps you enter the market more swiftly and efficiently. A business plan will help your products / services gain instant clarity, focus, and market trust. A single business plan can answer many questions at a time such as:

  1. What am I manufacturing?
  2. Who are my targeted end-users?
  3. What is my commitment to my customers and to myself?
  4. What are my goals, strategies, and action steps to accomplish these business goals?

If you are new to custom product development, or if you need any help related to custom product manufacturing, then Call Jim Grimes at 714-323-1052. Checkout our product Soccer Hinge.