Involving Suppliers in New Product Development

Organizations have been quick to realize that involving suppliers in new product/process/service development efforts has the potential for significant results. Numerous studies have highlighted the fact that supplier participation in product development projects can help reduce cost, reduce concept...

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Bibliographic Details
Published in:California management review 1999-10, Vol.42 (1), p.59-82
Main Authors: Handfield, Robert B., Ragatz, Gary L., Petersen, Kenneth J., Monczka, Robert M.
Format: Article
Language:English
Subjects:
Business
Business structures
Capital costs
Collaboration
Commodities
Communication
Competitive advantage
Consumer goods industries
Corporate Strategy
Design
Design specifications
Designers
Development
Emerging technology
Innovation
Integrated approach
Management
Manufacturers
New products
Organization
Product development
Product management
Production
Projects
Purchasing
Risk assessment
Roles
Studies
Success
Suppliers
Supply
Supply-side economics
Teams
Technology
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Summary:Organizations have been quick to realize that involving suppliers in new product/process/service development efforts has the potential for significant results. Numerous studies have highlighted the fact that supplier participation in product development projects can help reduce cost, reduce concept to customer development time, improve quality, and provide innovative technologies that can help capture market share. However, not all efforts are successful. Supplier integration is most successful when driven by a formalized process that considers supplier capabilities, level of complexity of the technology, and degree of risk. Leading companies conduct a formal in-depth supplier evaluation and risk assessment prior to supplier involvement on the project team.
ISSN:0008-1256
2162-8564
DOI:10.2307/41166019