Benefits of Using Supplier Integration in New Product Development

Supplier Integration is an important tool and process for any firm that is looking to optimize the financial performance of their projects. We should not engage all suppliers the same way since they all have various core competencies that are more or less valuable to us. As a company, having an objective database of suppliers with core competencies around design, prototyping, or manufacturing can help our firm to focus on what we do best and get into the market faster with a product that meets customer needs, delivers financial performance, and meets tight time schedule.

Please join Frederick L. McPherson and Milos Tipsarevic in discussing a case from Danfoss illustrating how a new product development project benefitted from utilizing Supplier integration tools and processes to drive a successful product launch.