25 Mar Reducing Development Data Needs and Cycle Time
A global company was struggling with product development. Specifically, the time required for testing to get a customer-specific product through the product development cycle was having a negative impact on the ability to meet customer needs. As a result, it was believed that customers were taking some business to other firms.
Desired was a way to reduce cycle time for the development of customized products by 25%, or more.
Working with the client, eMRI consultants assessed the product development process for customer-specific products. It was discovered that the methods being used for data analysis were inefficient and that smaller numbers of trial runs could be run with more definitive results. Reducing trials by as much as 60%, resulted in an average testing cycle time reduction of 30%.