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Maine Pointe perspectives paper illustrates how successful companies streamline New Product Introduction and Product Lifecycle Management with their supply chain to get the right product to the right markets the way customers want it delivered
Boston, Mass., June 25, 2019 – Global supply chain and operations consulting firm Maine Pointe announced the release of its latest perspective paper, “Accelerating product time-to-market and product lifecycle optimization.” The paper highlights some of the most significant challenges faced by the C-suite in creating value through new supply chain initiatives. It outlines the fact that the lifespan of products is shortening and emphasizes the need for companies to adapt now.
Maximizing NPI and PLM, and interconnecting it to the supply chain, will lead to more efficient procurement, operations and logistics practices, but it requires cross-functional leadership and alignment among all stakeholders. “Aligning NPI and PLM with specific supply chain priorities quickly becomes a competitive differentiator,” said Simon Knowles, Chief Marketing Officer of Maine Pointe. “This alignment leads to enhanced visibility, so management can readily detect the best opportunities for positively impacting cost, margin, time-to-market and customer experience.”
The paper showed NPI and PLM optimization yields major end-to-end supply chain benefits, including:
- Accelerating and streamlining product time-to-market to create competitive advantage
- Getting the right product to the market at the right time, to the right customers
- Reducing cost, releasing cash and driving growth
- Enhancing Sales & Operation Planning (S&OP) by visualizing and predicting product interdependencies
- Making product design decisions that benefit procurement and enhance strategic sourcing
- Eliminate the supply chain performance “ceiling effect”
The perspectives paper includes a real-life case study of a consumer technology company looking to achieve cost reductions. The siloed nature of the company’s existing operating model lacked cross-functionally aligned NPI and PLM processes, so the product engine was not integrated with the supply chain. This lack of alignment led to missed milestones in getting products to market. Maine Pointe helped develop holistic NPI and PLM processes resulting in a more mature product realization process, and accelerated the design, launch and delivery of new products. The Maine Pointe solution increased revenue potential, reduced time-to-market by 200 percent, nearly doubled EBITDA and embedded Total Value Optimization (TVO)™ drivers into the product lifecycle,
enabling better scaling for growth.
The NPI perspectives paper follows Maine Pointe’s previous perspective, “Sales & Operations Planning – Digital end-to-end demand/supply chain,” which showed sales & operations planning (S&OP) plays a major role in a company’s strategic management and driving measurable value. The S&OP paper highlights many common shortfalls arising from relegating S&OP to the tactical level, to offering specific guidance and case studies on how to deploy superior S&OP practices to achieve a new level of performance.
The “Accelerating product time-to-market and product lifecycle optimization” perspectives paper, and all Maine Pointe thought leadership papers, are available as free downloads on the Maine Pointe website. Maine Pointe has also released the first in a series of practical insights blogs titled “New Product Introduction/Product Lifecycle Management: The C-Suite Dilemma,” highlighting some of the key findings of the paper.
About Maine Pointe
Maine Pointe is a global supply chain and operations consulting firm trusted by many chief executives and private equity firms to drive compelling economic returns for their companies. We achieve this by delivering accelerated, sustainable improvements in EBITDA, cash and growth across their procurement, logistics and operations. Our hands-on implementation experts work with executives and their teams to rapidly break through functional silos and transform the buy-make-move-fulfill supply chain to deliver the greatest value to customers and investors at the lowest cost to business. We call this Total Value Optimization (TVO)™.
Maine Pointe’s engagements are results-driven and deliver between 4:1-8:1 ROI. We are so confident in our work and our processes that we provide a unique 100% guarantee of engagement fees based on annualized savings. http://www.mainepointe.com