Steps in the New Product Development

Steps in the New Product Development

New product development may seem as simple as forming an idea for a revolutionary product, manufacturing it, and putting it on the market, bringing it to the customers. Well, the reality is that new product development is a complex process, which involves contributions from many skilled individuals. New products should not only be useful inventions that can be mass manufactured and sold for profit, but they should also be safe to use, protected by intellectual property rights, and more importantly, be easily marketable.

Here are some steps, explained by GID Development Corporation, a product development company in California, USA, which are involved in new product development.

Germinating Ideas

The primary stage of a product development is coming up with a fantastic idea for a new groundbreaking product. Oftentimes, new products are introduced in the market by first recognizing a specific need in the market and then developing a product to satisfy that need. Sometimes, revolutionary product ideas also occur just by chance or an unusual incidence that triggers the concept in the mind of the innovator.

Researching Plausibility of the Idea

The next stage of the product development is finding out the plausibility of the idea. In other words, the innovator needs to find out the degree of acceptability, usability and the value of the conceived new product. Knowing how well the potential customers will receive the new product is vital. It prevents a lot of time, money, resources and efforts on the development of products that are worthless to the potential customers.

Concept Development

Development, or rather, enhancement of a concept is the essence of new product development. It includes, but not limited to getting a grip on the basics, such as market research, material selection, material costs, product design costs, prototype development cost, overall manufacturing costs, potential profit, target regions, target customers, and so on.

Actual New Product Development

Actual new product development is the stage where the conceived idea and all the researched and concept development data are amalgamated and put into action. A product development company starts with the creation of new product design, using researched data. After the creation of a definitive product design, the company moves on to the development of prototypes. Then, the prototypes are tested, and changes are made until an idealized new product is realized.

Bulk Manufacturing

After realizing an ideal new product from the conceived idea, the product is bulk manufactured. Usually, it is affordable to outsource bulk manufacturing. If the budget is not the constraint, your own production facility can also be set up to bulk manufacture the new product.

Commercialization

The commercialization stage of new product development involves packaging, branding, logistics, warehousing, as well as rolling out the advertising and marketing campaigns. In short, commercialization is a stage of bringing new products to the market and to the potential customers.

New product development is a complex, time-consuming, and arduous process. An innovator cannot tackle the new product development process on their own. Luckily, product development companies, like GID Development Corporation, are established that can help innovators with the entire product development process.

GID Development Corporation is an American product development company based in California. Utilizing their vast experience and the most advanced technologies, like Dassault Systèmes’ 3DEXPERIENCE platform, which includes product design and product development apps, such as CATIA V6, ENOVIA, 3DVIA, SOLIDWORKS, and more, the veterans at GID Development Corporation assist innovators in every stage of new product development. Whether it is the development of medical device products, mechanical products, electrical products, electromechanical products, products with imbedded software, or any other types of products, GID Development Corporation will always thrive.

To learn more about GID Development Corporation, visit https://www.gidcompany.com/.

GID Development Corporation is currently offering a free 15-minute telephonic consultation. Anyone who is interested should just call Mr. Jim Grimes, one of the pros at GID, at 714-323-1052 between 8:00 AM to 5:00 PM PST.

3 Reasons to Choose Us for New Product Development in USA

3 Reasons to Choose GID for New Product Development

New product development is a complex process; therefore, when your company needs custom, new products to boost the profit margin and strengthen the market position, it is essential to partner with an ideal product development company. The GID Development Corporation, an American Product Manufacturing Company, is a name you can trust to get the job done correctly in the very first attempt. Here, in this blog, we mention three reasons, why to choose the GID Company for your next custom product development project.

New Product Development  in the USA

The first reason to choose The GID Development Corporation is that we can offer far more than just a new product for your business and customers. GID has been in business for more than 40 years, and throughout this period, we have been a part of a vast number of businesses belonging to different sectors. Though every product that we have developed at GID was unique and filled with new challenges and opportunities, our ultimate goal was to quickly and effectively launch a product into the marketplace. If you want to extract the maximum rewards from a new product, then the GID Development Corporation is the perfect company for you. You can directly hire us to design, prototype, and develop a new product.

GID offers Excellent Pre-Development and Post-Development Customer Service

In the 21st century, quality customer service is paramount. For instance, there can’t be anything more annoying and distressing than frequently calling a company and not being able to speak to the right or responsible person. Well, you won’t have to worry about that with the GID Development Corporation.

At GID Company, we believe that customers deserve the courtesy of having the phone answered by the right, qualified, and responsible individual. GID also understands that sometimes the new concept needs modification without much notice; therefore, we do our best to integrate last-minute changes such as quantities and delivery dates.

As a part of our great pre-development and post-development customer service, we have a direct communication system with the professionals at GID. We do not try to beat around the bush or keep our clients in the dark in terms of timelines and other information.

GID Has Extensive Product Development Capabilities

The third reason as to why GID is best for your next new product development venture, is our remarkable product manufacturing capabilities. We have prior experience of working with varieties of OEMs for wide varieties of projects; hence, we possess expertise in handling all the latest manufacturing tools and techniques. We are quite confident about our manufacturing capabilities; hence, whether the new product is simple or complex, you can count on GID to finish the project quickly as well as efficiently.

About GID

The GID Development Corporation is a custom product manufacturer dedicatedly serving clients from different industries. Our business objective is to offer stress-free new product development services at an affordable cost. To discuss the feasibility of your concept / idea, Jim Grimes at 714-323-1052 .