Within the manufacturing world, product planning teams are chartered to define new products to meet customer and market needs. These products are often made up of countless individual feature sets, packages, and options, adding to the complexity of products. There is a strong need for decision analytics to help inform decisions, reduce complexity, and increase speed to market.
One of the biggest challenges product planners and manufacturers face is hitting the production schedule. You have to be careful that you don’t rush product launch and end up with a misaligned product, or miss fulfilling customer needs or market opportunities. The goal is to optimize around production and equipment efficiencies. And although changes are inevitable during production, having the tools to quickly react and resolve them is critical.
Product Planners have to be obsessed with the development of their products.
What do consumers really need? What features are essential? What will resonate with the market?
It can be a little too easy to aggressively pursue product development in a way that drives a misalignment between expectation and reality in the customer's experience. Of course, product planners want to create the perfect product, but even an ideal model can produce a negative customer experience if you don’t plan ahead.
In the wake of COVID-19, companies like Dyson are trying to help the situation by retooling manufacturing to produce vital medical equipment and supplies. Companies like Medtronic are responding in-kind by releasing ventilator design specifications for free use.
Introducing our powerful software that introduces new methods and simplified modeling for decision-makers and managers of configurable products to strategically analyze product features.