Overview
Consumer demands are changing more quickly than ever and companies that bring products to market faster enjoy a major competitive advantage. At the same time, accelerated new product development, SKU proliferation, and service-level challenges have made it critical to manage products throughout the lifecycle: from discovery and development to launch and on-market product management.
IPM’s disciplined approach, proven processes, and experience with consumer products ensure the right ideas get into development faster. Focusing on your strategic objectives and goals, our process can transform your portfolio and maximize profit. When innovation slows, IPM can provide the spark that ignites you to generate new product ideas quickly and efficiently.
Optimize your product development pipeline and portfolio
To help consumer products companies excel in new product development, IPM consultants will:
- Identify gaps in your current processes across discovery, development, launch, and lifecycle management.
- Guide your team to evaluate and prioritize new product ideas, saving time and allowing you to move forward in a predictable, transparent, and accelerated manner.
- Apply best-in-class project management expertise to your business and market, maximizing your resources.
- Lead a robust change management plan to gain alignment across your organization and ensure adaptation.
IPM customizes its approach to product development to meet the unique needs of your business.
Count on IPM for Consumer Product Development and Portfolio Transformation
A wide range of consumer products clients trust IPM to lead their product development efforts. Our clients range from large multinational food and beverage companies to family-owned start-ups. Over the past 10 years, we’ve logged 40,000 hours working on product development solutions to meet their needs. For instance, in one recent program for a large national company, IPM identified $45 million in savings and unlocked 60 million pounds of capacity through portfolio optimization.
With a disciplined approach and specialized expertise, IPM can help you discover, develop, and maximize the return on your products.
Insights
Case Study
Product Portfolio Simplification Uncovers $45 Million of Savings
If a company provides a high-quality selection of products and adds new varieties and custom creations, it’s great customer service. But when those SKUs continue to add up, it gets harder and harder to provide service and maintain costs. Learn how one company strategically reduced its product portfolio complexity to improve customer service levels, unlock constrained capacity, and increase profitability.
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