New Product Development System

From concept to conceptualization,
The most comprehensive new product development software, literally!

Innovation is the key to success. By continuously improving the existing products and developing new ones based on customer requirements, manufacturers can stay ahead of the competition and maintain a competitive advantage.

At the bottom, continuous innovation is an approach that encourages businesses to continuously create, test, and refine new ideas. It is an ongoing cycle of iterations, with a goal of developing and delivering substantial products against customers’ requirements.

This approach will eventually lead to better customer loyalty, higher revenue, and improved returns on investment. However, innovation demands extensive research, and companies often fail to keep research activities ongoing along with their day-to-day operations. The companies even struggle to keep the research data and daily operations data segregated, which leads to inefficiencies and data management issues.

This is where the need for a dedicated system like NPD arises. However, not just any system will suffice—enter BatchMaster's New Product Development System (NPD), a comprehensive solution poised to elevate your competitive edge. It responsibly manages the entire lifecycle of a new product right from the initial concept to research or designing, prototyping, testing, and ultimately conceptualizing it by:

Gathering requirements from prospects/customers
Conducting R&D and nutritional/physical analyses to derive precise recipes
Creating lab batches for sample production
Performing cost and profit analysis

Managing all communications and approvals for samples
Procuring necessary materials
Updating the innovated formulas/recipes and ingredients in the main database upon approval and more.

BatchMaster’s NPD is one software you need to Shorten Time-to-Market

The comprehensiveness and exclusive features of our New Product Development software support not just research and development, but way beyond to project management, sample management, cost and physical property analysis and more, which make it stand apart from other alternatives available in the market today.

Bring your researchers, clients and partners on a single page

This Lab Formulation software is a common platform where your researchers, R&D teams, Marketing teams, etc. can collaborate together to bring out the innovative product.

Store all new product requests, be it from customers, market research, sales & marketing teams, innovation departments, competitor analysis, or internal idea generation
Create different projects for the requests and track them from start to finish and everything in between
Enter briefs or expectations such as product specifications, basic nature, physical and chemical attributes etc. received from the customers, or internal teams.

Associate all the docs and samples received from and sent to the customer
Maintain additional information such as the number of samples created, and quantities sent to customers for approval, etc.
Receive quotations and samples of materials from vendors
Record all customer conversations done through Phone, e-mails, or any documents

Develop just what your customers want!

Automate, streamline, and accelerate your research to derive formulas/recipes that align with customer’s expectations, and company’s quality, culture, cost and financial objectives.

Replace the traditional laboratory papers with the new age digital lab notebook
Create samples by developing formulas based on the customers’ requirements
Fetch existing formulation details directly from master formula library or create a new one from scratch
Continually iterate to achieve the specifications and preserve a history of all the iterations performed, so that you can go back to them in future

Add new items based on weight or volume % or retrieve all product properties by seamlessly integrating with USDA database
Define and use the lab items that are not a part of your inventory, right when needed
Apply Quality Checks to ensure quality standards are met
Perform “what-if” analysis to achieve cost and property target value as well as specifications

Bring your innovation in action:

Take your research to the prototyping stage by creating batches against samples and producing them to assess the feasibility, functionality, and customer experience of the final product.

Send your prototype formulas for approvals from an approver or a group of approvers
Use Lab Batches (small batches specially designed for sample creation) to produce samples from all the approved formulas
Upscale batches basis the sample requirement (certainly, without all those laborious calculations)

Evolve formulas continuously based on prototyping and feedback through repeatable processes while managing previous versions
Find your approved formulas sitting in main library and your lab items added to Inventory with few clicks

Be world class by being insight-driven

Bring out the best samples, faster, better, cheaper with an insights-driven approach, utilizing our extensive array of reports, interactive dashboards, and cutting-edge analysis tools.

Precisely determine the cost associated with each sample iteration
Perform what-if analysis by altering your samples on various parameters and determine market viable cost
Generate individual costing sheet (report) against each sample
Determine sample costing based on different packaging options and establish an accurate markup price

Perform sample analysis based on sample v/s sample orders received or based on sample received v/s sample revised
Easily monitor the complete lab activities through an insightful dashboard
Visualize timeline, resource allocation and progress
Provides real-time updates on the status of various opportunities, such as Sample Phase, Quotation Phase, Approved Phase, Prospect, or Customer

Using New Product Development (NPD) Software offers numerous benefits, including:

Positions the company for a competitive edge by fostering innovation, reducing time-to-market, and enhancing product quality
Ensures cost-efficient, high-quality product development and informed decision making
Segregates research data and routine operational data, preventing confusion and mismanagement
Maintains a clear distinction between the research inventory and operational inventory
Enhances communication and approval processes, reducing the likelihood of miscommunication and delays
Derive precise predictable schedules and launch dates so that your commitments are never unfulfilled

Enables easy and quick access to ongoing projects with detailed information.
Beat your competition to the market and enjoy first-mover advantages
Boosts innovation efficiency and enhances the product development process.
Reduces time-to-market for new products
Improves operational efficiency and reduces manual errors
Improved collaboration and communication make the entire NPD process jerk- & delay- free