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Supplier Collaboration and Strategic Sourcing Inform Next Generation Product Design

Trends in direct materials sourcing and how you can deploy it to enable greater innovation in product design

How important is the new product development and introduction (NPDI) process at your business? For the organizations we work with, market demands require a strategic focus on NPDI, faster time to market, and co-innovation in the supply chain.

In fact, IDC expects that new products will contribute 20% more to overall revenue by 2023 at manufacturing businesses just like yours.

Many manufacturers do see NPDI as the strategic imperative and future-proof revenue generator it truly is, but they lack the tools to connect sourcing, suppliers, contract manufacturers, and product development teams with relevant business processes, which can delay product launches or hinder access to supplier innovation. A new paper by IDC reveals why effective and efficient collaboration tools are more important than ever.

When you read this paper, you’ll discover how to:

  • Overcome the challenge of traditional, often manual, innovation and product design tools

  • Meet the increasing demands of customers seeking personalized, sustainable, and responsible products that go to market quickly

  • Enhance supplier relationship management, supplier quality management, and strategic sourcing and direct procurement

SAP solutions can support your innovative product development goals with solutions for your industry-specific needs. Download the new IDC Technology Spotlight, sponsored by SAP, to find out more.

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