As outsourcing and globalization increase the number of design chain participants, a collaborative product development speeds up the decision-making of trusted partners, employees, suppliers, and customers in design chains.
The main motivation for introducing virtual simulation tools in new product development is to speed up development and lower its cost.
The aim was to improve the medical product development process to speed up 'robust development pathways that are efficient and predictable and result in products that are safe, effective and sooner available to patients' (Food and Drug Administration, 2006, http://www.fda.gov/oc/initiatives/criticalpath/whitepaper.pdf).
Employing simultaneous rather than sequential processes in such key areas as product development and production/distribution speeds up the recovery phase after a disruption and provides collateral benefits in improved market responses.
Coordinating the flow of products or services from one unit to another can reduce inventory costs, speed product development, increase capacity utilization, and improve market access.
They suggested that he apply related research in which they had been involved to M.I.T.'s Virtual Customer Initiative, which seeks ways to use the Internet and other tools to speed product development.
The Eastman Kodak Company, continuing a broad reorganization and shift of its product lines, said that its research and development operations would be realigned in an effort to speed product development.
[Local Motors] has already begun talking with Airbus about advancing its product development and how to speed product introductions.
According to Cox and Wicks ([2011]), marketing capability is crucial for EBSs in thebuilding well-known international branding, better supply chain management, encouraging customers' involvementin the new product development processes, and rising speed of entry to foreign markets.
