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Morrisons selects RedSky IT to enhance product development process Morrisons has signed a contract with RedSky IT for the provision of Creations to enhance the speed and efficiency of its product development process. |
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Why Creations?
Market growth
Accelerated market growth is achieved through the integration of the whole new product development (NPD) process.
Creations ensures that data is entered once, therefore significantly reducing duplication and administration from the critical path ensuring a faster route to market, quicker returns on investment, repeatable high quality standards, and further time for innovation and development.
Success rate
The combination of a structured central process and the visibility of all stages within the product lifecycle allows for better informed decisions and control being implemented, improved communication, planning and product assessment and increasing the success ratio of new products to market.
Cost savings
Reduced duplication and administration can lead to a number of cost savings across the supply chain. Research shows that approximately 40% of all critical paths are pure duplication with administration taking up 60%.
Creations significantly reduces both of these areas saving on average between 30-40% of resource effort. The single entry of data removes human error ensuring all departments are working to the same specification, therefore reducing the number of production trials, specification submissions and paper copies within the business.
Brand protection
The introduction of a collaborative supply chain portal opens the channels for a single source of data which improves accuracy, visibility and speed to market.
The ability to run supply chain enquiries, data validation and analysis with improved communication ensures a quick and accurate response to market changes, concerns, scares, product withdrawals and customer enquiries.