Product Development & Optimization

Product Development & Optimization

Effective product development organization and strategy is often measured by having the 'right product at the right place at the right time'. Business success is not measured by the ability to conceive a great idea but rather by the ability to put that idea into action. As the automotive and transport industries experience an era of unprecedented disruption, the traditional methods of getting a product to market are increasingly unfit for purpose.  

Driving change in product development organizations can be daunting, which is why many companies look to Ricardo Strategic Consulting (RSC) for assistance. At RSC, our team of experienced consultants supports our clients as a trusted advisor in navigating the product development process, from initial strategy right through to product launch. Building on over 100 years of technical experience of the wider Ricardo group, the RSC team combines this with strong business acumen to develop and implement processes and products that are cost effective and technically robust.

Our RSC team assists clients with defining and implementing world-leading innovation and product development strategies and can provide targeted assistance in areas such as change management, complexity management, and design cost improvement. The RSC team partners with our clients on all aspects of product development, from incremental evolution to clean-sheet design.

Your company can reap the benefits of an industry-leading product development process, and RSC can help you get there.

Related Case Studies

Specific cost reduction initiatives were developed (~8% of cost), with cost reduction and complexity management methodologies defined to improve client capabilities

Specific cost reduction initiatives were developed (~8% of cost), with cost reduction and complexity management methodologies defined to improve client capabilities

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Helped an investment fund “red flag” the technology & manufacturing readiness of a major global supplier of OBCs

Helped an investment fund “red flag” the technology & manufacturing readiness of a major global supplier of OBCs

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Cost Reduction Through Market Test & Design Concept Development

Cost Reduction Through Market Test & Design Concept Development

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Identified options and acted as a confidential conduit to screen potential partners in support of an OEM growth strategy

Identified options and acted as a confidential conduit to screen potential partners in support of an OEM growth strategy

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Developed ride sharing market entry roadmap and partnership strategy

Developed ride sharing market entry roadmap and partnership strategy

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Following a recent industry downturn RSC was asked to establish the opportunities and probability to return to growth

Following a recent industry downturn RSC was asked to establish the opportunities and probability to return to growth

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Validated client’s cost reduction strategy to reduce $40K from BOM and provided actionable steps to achieve savings

Validated client’s cost reduction strategy to reduce $40K from BOM and provided actionable steps to achieve savings

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Assessed Product Development effectiveness and identified improvement steps for a Commercial Vehicle Manufacturer

Assessed Product Development effectiveness and identified improvement steps for a Commercial Vehicle Manufacturer

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