New Product Development System
“Innovation is the future delivered, so it has to be precise and flawless.”
Staying ahead of the competition requires manufacturers to continuously improve existing products and develop new ones as per customer requirements.
At the core, continuous innovation drives businesses to consistently create, test, and refine new ideas. However, the goal of developing and delivering substantial products in line with customer requirements demands repetitive iterations in formulas or processes.
This practice will ultimately result in better customer loyalty, increased revenues, and higher returns on investment. However, extensive research drives innovation, but companies often struggle to keep research activities running smoothly alongside their day-to-day operations.
Many also find it difficult to keep their research data separated from routine operational data, leading to inefficiencies and data mismanagement issues across the organisation.
This is where the need for a dedicated system like New Product Development Software (NPD) becomes prominent. However, not just any NPD system will do; being result-oriented requires you to enter BatchMaster’s robust NPD Software.
It is a comprehensive solution thoughtfully designed to elevate your product innovation game. It responsibly manages the entire lifecycle of a new product, from conceptualisation, research, design, prototyping, and testing. It achieves this by
- Collecting requirements from prospects/customers
- Carrying out R&D and Nutritional/Physical analysis to derive precise recipes
- Managing all communications and approvals for samples
- Creating lab batches for sample production
- Adding the recently innovated formulas/recipes and ingredients list to the main database upon approval
- Procuring necessary materials
- Performing cost & profit analysis
Shorten Your Time-To-Market with BatchMaster’s NPD Software
BatchMaster’s NPD product development software goes far beyond just the concept of research and development. Its comprehensive features facilitate everything from project management and sample management to cost and physical property evaluations. These capabilities set it apart from other alternatives available in the market today.
Researchers, Clients, and Partners on a Single Page
This New Product Development Solution from BatchMaster acts as a common platform where your researchers, R&D teams, Marketing teams, etc., can communicate and collaborate to bring out the innovative product:
- Store all new product requests, whether they come from customers, market researchers, innovation departments, competitor analysis, or internal idea generation
- Create separate projects for each request and track them from start to finish, including everything that comes in between
- Enter requirements related to product specifications, basic nature, physical and chemical attributes, etc., received from customers or internal team members
- Associate all the documents and samples received from and sent to the customer
- Manage additional data such as the number of samples created, and quantities sent to customers for approval, etc.
- Accept quotations and material samples from vendors
- Record all customer conversations executed through phone, email, or any documents
Develop & Deliver What Your Customers Demand
Automate and optimize your research process to develop formulas/recipes that meet customers’ expectations while aligning with your company’s quality, culture, cost, and financial objectives
- Eliminate traditional laboratory papers and leverage the new-age digital lab book
- Create samples by developing formulas as per the customers’ expectations
- Get details of existing formulation directly from the master formula library or create a new one from scratch
- Continuously refine formulas to meet specifications and maintain a complete log of all iterations for future reference
- Add new ingredients by weight or volume percentage or pull product properties directly by integrating with the USDA database
- Apply quality checks to ensure quality standards are met
- Run “what-if” scenarios to achieve the required cost and property target values
Put Your Innovation to Work
Level up your research to the prototyping stage by creating batches against samples and producing them to evaluate the feasibility, functionality, and customer experience of the finished product.
- Submit your prototype formulas for approval to an individual approver or a group of approvers.
- Use lab batches (those small batches that are specially designed for sample creation) to produce samples from the approved formulas.
- Scale up batches based on sample demand without performing laborious calculations.
- Continuously refine formulas on the basis of prototyping and feedback while maintaining a complete log of previous versions.
- Access your approved formulas easily from the main library and add lab items to your inventory with just a few clicks.
Perform Extraordinarily by Being Insight-Driven:
Develop precise and cheaper samples faster with an insights-driven approach, utilizing our extensive range of detailed reports, interactive dashboards, and cutting-edge analysis tools
- Calculate the accurate costs associated with each sample iteration
- Carry out what-if analysis by adjusting samples on different parameters, and determine the market viable cost for each
- Generate separate costing sheets (reports) against each sample
- Determine sample costing for different packaging options and establish an accurate markup price
- Conduct sample analysis based on sample v/s orders received or the sample received/sample revised.
- Effortlessly track all lab activities through a detailed, insightful dashboard.
- Visualize timeline, resource allocation, and overall progress.
- Get real-time updates on the status of different opportunities including sample phase, quotation phase, approved phase, prospect, or customer.
New Product Development (NPD) Software Offers Numerous Benefits, Including:
- Helps the company to gain a competitive edge by driving innovation, speeding up time-to-market, and enhancing product quality.
- Facilitates cost-effective, high-quality product development, supporting informed decision-making.
- Separates research data from day-to-day operational data, avoiding confusion and inefficiencies.
- Improves communication and approval workflows, minimizing the risk of miscommunication and delays.
- Determine precisely predictable schedules and launch dates, so your commitments are never unfulfilled
- Allows to access detailed information on all ongoing projects quickly yet conveniently.
- Outpace your competitors and gain the advantage of becoming first-mover in the market.
- Increases innovation efficiency, streamlining the entire product development process.
- Shorten the time-to-market for new products.
- Improved collaboration and communication, ensuring a smooth and delay-free NPD process.
Run Our Manufacturing ERP With Your Existing Financials
Upgrade to our ERP without missing a beat in your financial and accounting routines. BatchMaster ERP offers seamless integration with QuickBooks, Sage 50/100/200/300, SAP Business One and other popular systems, ensuring a smooth transition.
Web/Cloud Deployment Available
Give your small, mid-size, or large-scale businesses the power of our ‘Cloud ERP’ solutions, and enjoy the benefits of leveraging the cloud.
Looking To Find the Best Solution for Your Business?
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