When it comes to building a successful retail business, nothing can beat having a great, well-designed product that fulfils customers’ needs. Many of our clients base their businesses on entirely original and new products which they believe will fill a niche in the retail market. When creating such a product, it is important to ensure that it is well designed and made.
To achieve this, we understand the importance of product development, and we are here to help support you with your needs in this area.
What is product development?
‘Product development’ is the term used for the entire process of turning your product idea into a reality. There are many important steps in a product’s journey onto the market, and each of them plays an important part in ensuring the product’s success.
Some of the stages of this process can include:
- Identifying a market need- discovering a potential customer base with a need to be fulfilled
- Carrying out market research- to discover whether the need for this potential new product is great enough to ensure its success on the market
- Brainstorming and devising the product- making designs and initial plans for its conception
- Developing a prototype, and testing the product to ensure that it is fit for purpose
- Sourcing parts and manufacturers for the product
- Manufacturing the product, ready to be sold and distributed!
Every aspect of the product development process requires meticulous thought and planning. At the final stages of product development, when it comes to relaying your product needs to potential suppliers and seeking out the best manufacturers to help build your product, it is important that all communications between you and your potential suppliers are as clear and concise as possible. Clear communication between business owner and supplier ensures that your product and its engineering requirements are fully understood and all needs properly met. This is where we come in. With our engineering knowledge, language skills, and supply chain knowledge, we can make sure that your needs are communicated properly and that the highest standards of manufacturing are adhered to, to help make your dream product a reality.
When working on your new product, the last thing you want is for any part of the process to be slowed down or disrupted, wasting your valuable time and funds. Issues with engineering are some of the most common factors which can hinder the creation of a new product. By making sure your supplier fully understands your product’s needs for production, we aim to mitigate this potential problem.
Product pricing is another common issue when it comes to building and launching a new product. It is important to price your product correctly to draw customers to purchase from you, however high production costs can often make this extremely difficult to achieve. By negotiating with suppliers and obtaining several competing quotes, we can help you to get value for money from your suppliers, giving you more freedom to price your products for the retail market.
A satisfied client
One of our clients, a US based Intellectual Property company, works with several business owners to advise them on product manufacture and feasibility before they seek to get their products patented.
Working alongside our client, we learn about the products and examine the designs and drawings for each one. We then relay all the requirements for these products to potential suppliers, making sure they fully understand what needs to be supplied in terms of materials and manufacture. We gather a range of quotes from various suppliers and relay these quotes back to the client, as well as information about each supplier and their capabilities in order to help the product owners to make the best decision when it comes to choosing a supplier.
When the products are eventually patented, we place orders to the selected suppliers on behalf of the client.
We can help you with several aspects of the product development process, including making instructional designs and drawings and relaying these to suppliers of product parts and potential factory suppliers. With our knowledge of supply chains in China and surrounding countries, we can help you communicate with potential suppliers, gather quotes and samples for the parts and manufacture of your product to help you make the best quality products at the best price. With our expert engineering knowledge, as well as our knowledge of local factories and supply chains, we are best placed to communicate your specific needs to your suppliers, and to ensure that the process of creating your dream product is as smooth and efficient as possible!
Decentsourcing can support you in the product development process helping you to turn your product vision into a reality. Contact us today!