Methods, systems, and computer program products for implementing a reusable new product planning model
View Patent ↗A method, system, and computer program product for implementing a reusable new product planning model is provided. The method includes gathering historical demand data for products in a product set and determining a launch period for the products, the historical demand data broken down by time periods. For each of the time periods, the method includes determining a transition percentage for each of the products, grouping the transition percentages by respective launch-based time periods, and averaging the transition percentages, resulting in an averaged transition range. The method further includes calculating fast and slow transition ranges for each of the launch-based time periods. The method further includes developing a production plan for a new product by applying one of the transition ranges to the new product before product launch, and allocating a remaining demand percentage to existing products in the product set using the selected transition range and for a corresponding launch-based time period.
1. A method for implementing a reusable new product planning model, comprising:
gathering historical demand data for products in a product set and determining a launch period for each of the products, the historical demand data broken down by product and for a number of consecutive time periods;
for each of the time periods, determining a transition percentage for each of the products by calculating a percentage of total demand corresponding to each of the products at each time period;
grouping the transition percentages of the products by respective launch-based time periods and averaging the transition percentages for each of the launch-based time periods, resulting in an averaged transition range;
calculating a fast transition range and a slow transition range for each of the launch-based time periods by comparing the transition percentages at each of the launch-based time periods to the averaged transition range for each of the launched-based time periods; and
developing a production plan for a new product by applying one of the fast transition range, slow transition range, and averaged transition range to the new product at a time period before product launch and allocating a remaining demand percentage to existing products in the product set using the one of the fast, slow, and averaged transition ranges applied to the new product and for a corresponding launch-based time period for the existing products, the new product and the products in the product set sharing similar characteristics.
2. The method of claim 1 , wherein the developing a product plan further includes:
applying one of the fast transition range, slow transition range, and averaged transition range to the new product for subsequent launch-based time periods; and
allocating remaining demand percentages to existing products in the product set using the one of the fast, slow, and averaged transition ranges applied to the new product and for corresponding launch-based time periods.
3. The method of claim 1 , wherein the historical demand data includes demand volumes reflecting a number of product units.
4. The method of claim 1 , wherein the determining a launch period for each of the products is performed by at least one of:
product launch date; and
product shipping date.
5. The method of claim 1 , wherein the calculating a fast transition range further includes averaging transition percentages of products that are greater than the averaged transition range for each of the launch-based time periods.
6. The method of claim 1 , wherein the calculating a slow transition range further includes averaging transition percentages of products that are less than or equal to the averaged transition range for each of the launch-based time periods.
7. The method of claim 1 , wherein selecting one of the fast, slow, and averaged transition ranges for the new product is based upon at least one of:
performance data;
price;
risk factors;
level of benefit provided by the new product; and
cost of implementing the new product.
8. A computer program product for implementing a reusable new product planning model, the computer program product comprising a computer readable medium storing instructions for implementing a method, comprising:
gathering historical demand data for products in a product set and determining a launch period for each of the products, the historical demand data broken down by product and for a number of consecutive time periods;
for each of the time periods, determining a transition percentage for each of the products by calculating a percentage of total demand corresponding to each of the products at each time period;
grouping the transition percentages of the products by respective launch-based time periods and averaging the transition percentages for each of the launch-based time periods, resulting in an averaged transition range;
calculating a fast transition range and a slow transition range for each of the launch-based time periods by comparing the transition percentages at each of the launch-based time periods to the averaged transition range for each of the launched-based time periods; and
developing a production plan for a new product by applying one of the fast transition range, slow transition range, and averaged transition range to the new product at a time period before product launch and allocating a remaining demand percentage to existing products in the product set using the one of the fast, slow, and averaged transition ranges applied to the new product and for a corresponding launch-based time period for the existing products, the new product and the products in the product set sharing similar characteristics.
9. The computer program product of claim 8 , wherein the developing a product plan further includes:
applying one of the fast transition range, slow transition range, and averaged transition range to the new product for subsequent launch-based time periods; and
allocating remaining demand percentages to existing products in the product set using the one of the fast, slow, and averaged transition ranges applied to the new product and for corresponding launch-based time periods.
10. The computer program product of claim 8 , wherein the historical demand data includes demand volumes reflecting a number of product units.
11. The computer program product of claim 8 , wherein the determining a launch period for each of the products is performed by at least one of:
product launch date; and
product shipping date.
12. The computer program product of claim 8 , wherein the calculating a fast transition range further includes averaging transition percentages of products that are greater than the averaged transition range for each of the launch-based time periods.
13. The computer program product of claim 8 , wherein the calculating a slow transition range further includes averaging transition percentages of products that are less than or equal to the averaged transition range for each of the launch-based time periods.
14. The computer program product of claim 8 , wherein selecting one of the fast, slow, and averaged transition ranges for the new product is based upon at least one of:
performance data;
price;
risk factors;
level of benefit provided by the new product; and
cost of implementing the new product.