Knowing where you want to go and how you want to get there is critical to any product development campaign. And while these and other considerations are the important overriding driver for a new or redesigned product, so is the impact that it will have on the company’s bottom line. Validation is a proven key to mitigating potential risks during the product development process.
From a relatively simple redesign to a new product launch, on- and off-highway equipment manufacturers must weigh many factors.
- Quick-to-market recoups development costs faster, but is quality sacrificed?
- How important is innovation? How much more time/money must be invested to validate multiple designs?
- Do we possess the required tools/technical competency to validate designs?
- Are warranty claims exceeding expected limits?
- Is validation cost the overriding concern?
- What new or coming regulations must be considered?
Read the full article in OEM Off Highway magazine here.