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Product Design and Pre-Production Approval delivers a Web-enabled
collaborative environment designed to support retailers who create
private-label products. The product offerings will allow multilingual
globally dispersed business teams to work together to create new
products in real time.
The product offerings will capture information gathered during
the concept development and product design phase at a single location.
Retailers will be able to use this information to collaborate internally
or with external business partners to finalize product specifications.
Specifications will then be delivered to the sourcing organization
to facilitate supplier selection. Once the supplier has been selected,
the retailer will have the ability to manage pre-production approval
activities. Industry standards and workflow management functionality
will be employed to support the entire process.
Benefits to retailers include increased speed-to-market for new
product introductions, better return on assets invested in development
efforts, improved communication between collaboration partners and
reduced errors and rework. Benefits to suppliers include simplification
of communications through use of industry standards, reduced costs
incurred to support retailers in design and pre-production processes,
reduced administrative paperwork and fewer delays in launching products.
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