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Product Development

Developing Products

The effective development of new products is one of the most important functions in any retail organisation. The process for bringing products from proposal to sales involves a wide range of groups and a significant number of actions. The steps below show the product development process.

NPD Process.PNG 

Key Steps in Product Development

  • Product Development
  • Coding of Finished Goods
  • Establishing a Standard & Specification
  • Country of Origin Markings  
  • Barcodes

Each of these steps is described in more detail in this section.