It’s a well known fact that New Zealand companies cannot foot it against ‘run of the mill’ product coming out of Asia. The key for us is to leverage the extraordinary (albeit undervalued) ingenuity that’s embedded in the kiwi psyche, to develop ‘value add’ products that command a premium.
However, it’s a tricky thing to develop innovative product that is delivered on time, to spec and on budget. And even trickier is to ensure you get a good ROI. The following presentation was given to the NZMEA (Manufacturers & Exporters Association) to help these companies understand how a robust development process will help them develop products that deliver the intended value. A well thought out development process will achieve the following:
1. Improve Innovation/ Design/ Engineering
2. Direct focus on the Customer Need
3. Reduce Time to Market
4. Reduce Development Cost
5. Improve Product Quality