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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