New Product Development Software & Customized Training Support
PD-Trak Solutions offers both product portfolio management software and new product development consulting services to help organizations improve their product development process, improve the planning and management of this process, and implement the tools and methods to optimize product development.
New product development (NPD) or new product introduction (NPI) is a business process that needs to be defined and managed just as any other business process. The product development process can be broken into two sub-processes. The management process covers business strategy, portfolio management, pipeline/resource management, and the stage/phase gate process. The project execution process addresses how to develop a new product or service.
These integrated processes are represented in the idea-to-launch animation below.