New Product Development #2


Key Actions

  • Identified unmet need and developed detailed business case for viable brand extension
    • Conducted research with distributors and large commercial contractors
    • Validated size of market opportunity
    • Developed comprehensive product brief, competed detailed category analysis
  • Spearheaded NPD project end to end - through entire new product development process
  • Identified and qualified external suppliers, negotiated strategic partnership including:
    • Product development prioritization and support resources
    • Pricing, Capital and Terms.
  • Developed business case and secured management approval for a $700K capital investment in tooling

RESULTS

  • Delivered $2.5M+ in incremental revenue in New Product Category
  • Successfully extended Milwaukee brand into mobile storage / workstation solutions.

BUSINESS OPPORTUNITY | UNMET NEEDS

NEW BUSINESS SOLUTION

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