How can you use R&D to create cost-effective products?

The first step to create cost-effective products is to understand your customers' problems, preferences, and motivations. You need to conduct market research, surveys, interviews, and feedback sessions to gather insights and data that can inform your R&D decisions. By knowing what your customers want, need, and value, you can prioritize the features and benefits that matter most to them and avoid wasting time and money on unnecessary or irrelevant aspects.

On top of creating a competitive design, it's critical to validate the overall value chain of the product cost collaborating with other areas of the company. A product could be a cost champion on the paper and yet not to be a winner in the market. The whole company must be competitive in the final cost / price of the product.

It is critical to listen to the needs of customers, but if there are N customers, one should not make N products (each of them would certainly want something unique and specific), except in the case that the customer takes on 100% of the R&D costs. You have to try to make 1 product that covers N different needs.

R&D allows you to find the best materials and processes available. In many circumstances it can generate new ones based on need.

1 Consumer behaviour 2 segmentation 3 need 4. Want 5 demand Area,resion , gender, age, culture, religion, personality, introvert, extrovert, family'ssize, income, climate, density

Muy importante validar la idea con MVP y contrastar los supuestos del diseño, ya que como desarrolladores podemos enamorarnos del producto que estamos realizando, sin embargo las expectativas del cliente pueden aterrizar algunos criterios que sobredimensionamos y que afectan el costo. Prototipar de manera ágil y testear rápido para iterar efectivamente, logrando el producto que se adapte realmente a las necesidades y que supere las expectativas del cliente

To create cost-effective products through R&D, focus on optimizing material usage and reducing waste during production. Innovate by finding alternative, cheaper materials without compromising quality. Streamline manufacturing processes to enhance efficiency. Test and refine designs to minimize unnecessary features. Finally, continuously analyze market trends to ensure your product meets demand at the lowest cost.

Al desarrollar un producto se debe tener muy claro el precio estimado al publico y calcular sobre ello el costo de formulacion. Asi se debe validar desde el inicio si el concepto del producto que queremos crear tiene oportunidad y cuales son las limitaciones y riesgos que nos enfrentamos en el uso o no de algun ingrediente y el impacto en sus alegaciones. El costo de formula debe acompañar todas las fases del diseño del producto e inclusive post lanzamiento

R&D drives innovation by creating new products and enhancing existing ones. R&D identifies inefficiencies in production and supply chain processes. Effective cost management during R&D projects contributes to long-term profitability. R&D ensures product quality, avoiding costly recalls and ensuring customer satisfaction. Striking a balance between innovation and cost-effectiveness is crucial for successful R&D.In brief, R&D drives efficiency, competitiveness, and ultimately leads to cost-effective products.

Pretotyping is missing here. That's when you pretend to have a product, in reality it's really likely only computer renderings. It's to test the purchase-ability of the proposed product. You can setup a webpage with a shopping basket to see if anyone is willing to purchase it.

Don’t forgot your internal partners. Your employers can often have wonderful and innovative ideas. You just have to foster an atmosphere of openness and appreciation.

Always reuse what you already have. Especially in SW it saves so much time, but to succeed in this, the SW must be structured properly.

A veces la comunicacion tradicional impresa o presencial funciona mucho mejor que la digital, como por ejemplo cuando tuve la oportunidad de generar un producto educativo (curso especializado) para agrónomos dedicados a venta técnica, ellos trabajan en zona rural visitando potenciales clientes, no usan mucho redes sociales y su interés es muy técnico, leen mucho diarios impresos, escuchan radio la mayor parte del tiempo porque la conexion a internet es muy mala. Asi que presentarles presencialmente el producto o impreso en diarios a traves de un publireportaje es la mejor opcion.

Don’t get too caught up in solving the immediate crisis for the customer without documenting the process and the value that was able to bring to the customer. Some customers may not appreciate it, but the ones that do can be great long term partners.

El benchmark con la competencia es muy importante, conversar con especialistas, testear en la web es muy importante y sobre todo conversar con el público objetivo directamente te ayuda muchísimo.

While the basics of this article hold true it is very general. The principles can be used to improve a website, marketing, and even internal business practices. When talking about R&D there are a number of ways that R&D can contribute to both cost effectiveness and sustainability. Product design is mostly addressed here but entire projects can be done on just the efficiency of the production process of a product. If f a product is selling well but higher profitability is needed there are many ways to reduce production or distribution costs. They just require innovation and investment. Still R&D just not as sexy as product development.