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How to build a successful product development strategy

IBM Supply Chain Blog

To remain competitive in today’s relentlessly paced and ever-expanding marketplace, companies must think carefully about what products they’re developing and how they’re developing them, continuously iterating their processes to maintain a competitive edge. These seven stages of product development are: 1.

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The 25 Hottest US Procurement Startups

Procurement Software

This enables you to catch potential disruptions earlier in the design process to avoid delays in production. Part Analytics’s enterprise parts catalog, Part IQ, accelerates new product development. Their platform also offers thorough spend intelligence, allowing for in-depth strategic sourcing.

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BCG’s 10 Step Plan for Procurement Excellence

Procurement Software

Excellence in procurement is not just about the well-estabished pillars of strategic sourcing and delivering annual cost savings. This example highlights that ideation, prototyping and manufacturing are all equally critical to a product’s long-term success.