Homework $4-$ New Bicycle Project Plan

New Product Development and Launch $($NPDL$)$ is the process of creating and launching a new product to market. This process involves design, engineering, and research.

Components $-$ selection of make vs buy, materials selections, process, paint or molded color, tooling $($molds$,$ dies, forms$)$

$-$ Frame, Wheels, Tires, Handlebars, Seat, Gears, Kickstand, Grips

me estimates $-$ need for milestones, deliverables and sign offs

$-$ Idea generation $-$ Concept development, time to formaliz

$-$ Research and Feasibility Analysis $-$ Concept testing, numb, have concept as shown, need to think of materials, processes, testing, qualification

Develop plan for assigning tasks and timelines

Pre$-$pilot build $-$ number of weeks $($concept samples for form, fit, function evaluation$)$

Pilot production run build $-$ number of weeks $($use selected production pros

$-$ Testing

Develop testing methods $-$ number of weeks

Conduct alternate materials testing $-$ number of weeks $($metal$,$ plastic, urethane, engineered plastics$)$

Test finished pilot samples $-$ number of wes

$-$ Analysis

Complete cross$-$functional team review $-$ number of weeks, include Sales, Marketing, Production, Purchasing, Customer Service, Suppliers, Dealers, Customers

$-$ Introduction $-$ Marketing advertising and promotion, display modeles, fill the pipeline of distributors and outlets

First production, ruadiness $-$ number of weeks

$-$ Closing

Full Production Ready

Completed Lessons Learned report

New Product Development Stages New Product Development

Developing a new product involves a number of stages which typically center around the following key areas:

Development: The next stage is the development of the product. Prototypes may be modified through various design and manufacturing stages in order to come up with a finished product that consumers will want to buy.

Some additional information:

New Product Development and Launch of new Bicycle

New product development and Launch $($NPDL$)$ is the process of creating and launching a new product to market. The process involves design, engineering, and research. Here are some things to consider when developing and launching a new Bicycle:

$-$ Prototyping $-6$ weeks

The prototyping phase involves creating a minimum viable product $($MVP$)$ that has the features needed to launch. For example, a basic bike MVP might have a frame, wheels, and a seat, but not a basket or bell.

$-$ Feasibility analysis $-$ Product Testing $-8$ weeks

Evaluate the product strategy to determine if the timeline and workload are achievable.

$-$ Market risk research $-6$ weeks

Analyze potential risks associated with production to prevent issues during launch.

$-$ Development strategy $-8$ weeks

Create a plan for assigning tasks and timelines.

Materials $-$ Selection, Sourcing $-16$ weeks

Bicycles are now made from a variety of materials, including titanium, aluminum, and carbon fiber $-$ Frame, handle bars, gears, grips, brakes, wheels, seat, kick stand

$-$ Tooling $-$ Sourcing $-26$ weeks

Molds and tooling systems can be expensive to create, but are important for protecting intellectual property and maintaining the product.

$-$ Marketing $-$ Advertising and Promotion $-8$ weeks

Use content marketing to establish your business as an authority in the cycling community. You can also engage with customers on social media, send email newsletters, and use local advertising.

$-$ Product Launch $-12$ weeks

Manufacturing, fill pipeline of distribution centers, warehouses, and retail outlets