Technological innovations and advent of globalization together has been instrumental in business expansion across regions beyond geographies. This has also led to increased interdependence and collaboration between countries as well as the growth of multicultural and multi-nationa working environment in present day enterprises. With consumers spread across the world, the globalized business now needs to be well equipped to meet the requirements of the global customer base as well as for the challenges in product development.

1. Understanding Value-adds of Global Product Development Approach
Technological innovations and advent of globalization together has been instrumental in
business expansion across regions beyond geographies. This has also led to increased
interdependence and collaboration between countries as well as the growth of
multicultural and multi-nationa working environment in present day enterprises. With
consumers spread across the world, the globalized business now needs to be well
equipped to meet the requirements of the global customer base as well as for the
challenges in product development.
Product development being a mission critical process involves many risks. To retain an
edge over their competitors, enterprises are forced to invest their revenue into the
product development process. However, with advancement of technology enterprises can
make use of applications such as computer-aided-designs, computer-aided manufacturing
and product life cycle management software to take a closer look at the global product
development requirements before investing in it.
Global Product Development process is the system used to maximize the financial and
operational productivity of products by spreading the product development activities
across the multiple locations and even to multiple regions that would bring in the best
value-add with reduced cost. This process however involves identifying and documenting
customer needs, conceptualizing, designing engineering activities, analyzing new product
ideas as well as planning and documenting manufacturing activities. Nevertheless, with
expansion having brought in large customer base, there has also been an increase in
demands for quality, reduced time-to-market and low costs. Enterprises therefore need to
strategically work out their supply chain and product design and development systems for
faster delivery schedules.
The global product development approach offers enterprises with significant advantages
such as:
 Greater engineering efficiency
 Utilization of low-cost resources
 Access to internationally distributed technical expertise and better product designs
 Faster time to market
 Low production cost
 Greater flexibility
Further, the global product development framework not only optimizes on-site and off-
shore resourcing, but also provides engineering support to customers of varying team
sizes. Moreover, this also enables enterprises to:
 Understand key organizational challenges.
 Identify core and non-core engineering processes.
 Enables internal departments to support core activities.
 Partners and supports non-core activities.

2.  Provides a flexible team to support peak load requirements.
Outsourcing the services from leading global engineering and manufacturing service
providers will help enterprises make global product development a more realistic concept.
These leaders in the industry leverages on the Global Product Development (GPD)
framework and collaborates with a number of high-tech enterprises across various
industries. Strategic partnering with such leaders will help globally spread enterprises with
innovative technology solutions that will give them a competitive advantage.
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