SlideShare una empresa de Scribd logo
1 de 7
Descargar para leer sin conexión
1 | P a g e
CONFIDENTIAL DOCUMENT
Outsourced Product Design (OPD)
Customerenlightenmentthrougheffectiveoutsourcingof
product designto enter India Market – A KeyCase Study
2 | P a g e
CONFIDENTIAL DOCUMENT
The client is ready to expand into the APAC region. However, there are many
barriers to entry and in order to overcome them they will need to enter the
market as quickly as possible.
In today’s competitive scenario, a product must speak for itself – the quality
of theproduct will make the difference to the consumer.
The client has determined that entering the Indian market will be a profitable
and rewarding business venture and an important component of their future
business growth.
The client is dedicated to providing the best quality products, tailored to suit
the target market needs. The expectation of this project is to capture 20%
market share in thenext two years.
Prior to entering the Indian (APAC) market, the customer will need to
complete the following due diligence:
Benchmark study of the competition – product specifications, cost
and performance
Researchand analysis of product requirements for the target market
Without any current presence or infrastructure in India, the client will suffer a
high cost, and an extreme amount of effort and time to gather this
information and be able to design and introduce theproduct to themarket.
However, any lack in competency or any delay will hamper the customer’s project launch which will
cause the entire exercise to fail! To mitigate the risk of failure, the customer decided to contract with a
trusted vendor.
ABOUTTHE CLIENT
Headquartered in Europe,
the client is one of the
leading manufacturers and
suppliers of industrial
equipment & machines for
the followingindustries:
Food and beverage
Pharmaceutical
Waste water &
chemical industries
The clienthas a 65% market
presence in Europe with a
well –established customer
base.
The client is now expanding
their product range and
market presence across the
APAC region.
By entering emerging
markets, like India, and
providing products
designed for specific target
markets, the client has
plans to capture 20% of the
market share in the next
two years.
3 | P a g e
CONFIDENTIAL DOCUMENT
Being a pioneer in outsourcing, with a distributed global network of talent, resources and an
infrastructure in India, BWIR was thebest choice to support theclient’s needs.
As illustrated in the following Figure A:
When introducing a new product to a current market, a company only has to investigate market
penetration opportunities. But when entering a new market a company is forced to develop their
business in the new market and diversify in addition to all market penetration activities. This will lead to
a higher cost and longer timeline.
Figure A
BWIR specializes in product design engineering and has a proven track record of creating a competitive
edgefor its clients.
BWIR came on-board as an outsourced vendor to complete the benchmark study of the competition and
target customer base analysis. In addition, BWIR redesigned the product to suit the target market, APAC
– Indian target customer requirements.
Hence, BWIR became a valuable, trusted outsourced vendor for the customer. Since the relationship did
not evolve into a joint venture, the customer continues to hold all of the patent and intellectual rights
with regardsto the business.
On behalf of the customer, BWIR completed the Benchmark study of the competition and target
customer base analysis. BWIR also redesigned the product for the customer, based on the target
market findings with its in-depth technical expertise and experiencein the field.
4 | P a g e
CONFIDENTIAL DOCUMENT
The customer realizedthe following benefits by trusting BWIR to be its outsourced vendor:
The necessary infrastructure, network requirements, ecosystem, and business environment
werecreatedto seamlessly step into the Indianmarket
50% reduction in project delivery time as illustrated in Figure C: Overall Project Schedule
22% reduction in project cost as illustrated in Figure D: Project Cost Difference
Customer continues to hold all of the patent and intellectualproduct rights
Figure C
Figure D
$60
$56
$850
$650
$910
$706
Without a partner
With apartner
ProjectCost Difference(in$K USD)
Benchmark Study/Research Development Cost Total Time
5 | P a g e
CONFIDENTIAL DOCUMENT
Our
BWIR's vision is to be a full-service provider to mid-market manufacturing companies. While some of
BWIR's service offerings require in-depth domain expertise, others are technology-related services that
span multiple domains.
Within manufacturing, due to the Barry-Wehmiller legacy, BWIR is equally comfortable with both
discrete manufacturing (Barry-Wehmiller divisions like MarquipWardUnited and HayssenSandiacre) and
process manufacturing (Barry-Wehmiller customers in thefood, beverageand pharmaceuticalindustry).
Within discrete manufacturing, BWIR's core strength is in the Industrial Machinery and Equipment (IME)
space. These include:
Special purpose machines
Metalforming and cutting equipment
Paper converting machines
Packaging technologies
Rotating equipment including pumps and valves,
compressors, fans and blowers
Additionally, BWIR has corecompetence in:
Oil and gas
Pharmaceuticals
Food and beverage
Consumer goods
BWIR offers manufacturers a full suite of engineering and information technology services, bridging
these two core areas with product lifecycle management solutions. Working side-by-side with clients,
our consultants act as practitioners, rather than theorists, and are able to tap the vast knowledge
contained within our parent company, Barry-Wehmiller Companies, Inc.
In engineering services, BWIR helps manufacturers to maximize their output in areas such as product
design, industrial automation, sustaining engineering and value engineering. BWIR also assists
manufacturers in identifying effective strategies for integrating their engineering functions with the rest
of thecompany.
In IT consulting, BWIR makes technology serve our clients, rather than the other way around. We help
untangle overlapping and repetitive applications, streamline processes, and make sure our clients are
using enterprise software as efficiently as possible to speed the development and delivery of new
products.
6 | P a g e
CONFIDENTIAL DOCUMENT
-
BWIR is a global provider of engineering and enterprise solutions to the midmarket manufacturing
domain. As part of the consulting platform of a US-based global manufacturing and technology services
leader, BWIR has embraced Barry-Wehmiller’s people-centric leadership culture and values. BWIR has
been recognizedas a pioneer in outsourcing with a distributed global network of talent and resources.
BWIR enables its clients to achieve a competitive edge in the marketplace by striving for execution
excellence in every aspect of what is delivered. Fundamental to our model is the building of proactive
and insightful relationships that foster lasting partnerships.
Key differentiators:
Driven by our unique people-centric culture and values
Pioneers in outsourcing with a distributed global network of talent and resources
Consulting platform of a U.S.- based global manufacturing and technology services leader
Specializing in engineering and enterprisesolutions for manufacturers
Execution excellencethrough a proven commitment to process improvement
Focused on proactiveand insightful relationships that foster lasting partnerships
7 | P a g e
CONFIDENTIAL DOCUMENT
United States
Headquarters:
Barry-Wehmiller International
Resources
8020 Forsyth Blvd.
St. Louis, MO 63105
USA
Phone: +1 (314) 862-8000
Fax: +1 (314) 862-4154
Email Contacts:
Jim Webb
jim.webb@bwir.com
ChristopherHric
christopher.hric@bwir.com
Raguraman Thulasiraman
ragu@bwir.com
Europe
UK Office:
Barry-Wehmiller International
Resources
101 Lilac Grove
Nottingham, UK NG91PF
UK
Phone: +44 (0) 780 719 5772
Fax: +44 (0) 115 967 8707
Email Contact:
Vivek Maladkar
vivek.maladkar@bwir.com
India
Mumbai Office:
Barry-Wehmiller International
Resources
Kailash Tower, A Wing
204 / 205, 2nd
Floor
N.S. Phadke Marg, AndheriEast,
Mumbai – 400 093
Phone: +91-22-26821871/2/3573
Fax: +91-22-268 217 79
Fax: +91-11-460 416 31
Email Contact:
Adwait Rajwade
adwait.rajwade@bwir.com
Chennai Office:
Barry-Wehmiller International
Resources
MPL Silicon Towers, 23-1/B3
VelacheryTambaramMain Road
Pallikaranai
Chennai – 600 100
India
Phone: +91-44-43 909 100
www.bwir.com

Más contenido relacionado

Último

Stark Industries Marketing Plan (1).pptx
Stark Industries Marketing Plan (1).pptxStark Industries Marketing Plan (1).pptx
Stark Industries Marketing Plan (1).pptxjeswinjees
 
Top Rated Pune Call Girls Koregaon Park ⟟ 6297143586 ⟟ Call Me For Genuine S...
Top Rated  Pune Call Girls Koregaon Park ⟟ 6297143586 ⟟ Call Me For Genuine S...Top Rated  Pune Call Girls Koregaon Park ⟟ 6297143586 ⟟ Call Me For Genuine S...
Top Rated Pune Call Girls Koregaon Park ⟟ 6297143586 ⟟ Call Me For Genuine S...Call Girls in Nagpur High Profile
 
Kala jadu for love marriage | Real amil baba | Famous amil baba | kala jadu n...
Kala jadu for love marriage | Real amil baba | Famous amil baba | kala jadu n...Kala jadu for love marriage | Real amil baba | Famous amil baba | kala jadu n...
Kala jadu for love marriage | Real amil baba | Famous amil baba | kala jadu n...babafaisel
 
FULL ENJOY Call Girls In Mahipalpur Delhi Contact Us 8377877756
FULL ENJOY Call Girls In Mahipalpur Delhi Contact Us 8377877756FULL ENJOY Call Girls In Mahipalpur Delhi Contact Us 8377877756
FULL ENJOY Call Girls In Mahipalpur Delhi Contact Us 8377877756dollysharma2066
 
Verified Trusted Call Girls Adugodi💘 9352852248 Good Looking standard Profil...
Verified Trusted Call Girls Adugodi💘 9352852248  Good Looking standard Profil...Verified Trusted Call Girls Adugodi💘 9352852248  Good Looking standard Profil...
Verified Trusted Call Girls Adugodi💘 9352852248 Good Looking standard Profil...kumaririma588
 
SD_The MATATAG Curriculum Training Design.pptx
SD_The MATATAG Curriculum Training Design.pptxSD_The MATATAG Curriculum Training Design.pptx
SD_The MATATAG Curriculum Training Design.pptxjanettecruzeiro1
 
CALL ON ➥8923113531 🔝Call Girls Aminabad Lucknow best Night Fun service
CALL ON ➥8923113531 🔝Call Girls Aminabad Lucknow best Night Fun serviceCALL ON ➥8923113531 🔝Call Girls Aminabad Lucknow best Night Fun service
CALL ON ➥8923113531 🔝Call Girls Aminabad Lucknow best Night Fun serviceanilsa9823
 
Best VIP Call Girls Noida Sector 44 Call Me: 8448380779
Best VIP Call Girls Noida Sector 44 Call Me: 8448380779Best VIP Call Girls Noida Sector 44 Call Me: 8448380779
Best VIP Call Girls Noida Sector 44 Call Me: 8448380779Delhi Call girls
 
Call Girls in Kalkaji Delhi 8264348440 call girls ❤️
Call Girls in Kalkaji Delhi 8264348440 call girls ❤️Call Girls in Kalkaji Delhi 8264348440 call girls ❤️
Call Girls in Kalkaji Delhi 8264348440 call girls ❤️soniya singh
 
call girls in Vasundhra (Ghaziabad) 🔝 >༒8448380779 🔝 genuine Escort Service 🔝...
call girls in Vasundhra (Ghaziabad) 🔝 >༒8448380779 🔝 genuine Escort Service 🔝...call girls in Vasundhra (Ghaziabad) 🔝 >༒8448380779 🔝 genuine Escort Service 🔝...
call girls in Vasundhra (Ghaziabad) 🔝 >༒8448380779 🔝 genuine Escort Service 🔝...Delhi Call girls
 
VIP Model Call Girls Kalyani Nagar ( Pune ) Call ON 8005736733 Starting From ...
VIP Model Call Girls Kalyani Nagar ( Pune ) Call ON 8005736733 Starting From ...VIP Model Call Girls Kalyani Nagar ( Pune ) Call ON 8005736733 Starting From ...
VIP Model Call Girls Kalyani Nagar ( Pune ) Call ON 8005736733 Starting From ...SUHANI PANDEY
 
💫✅jodhpur 24×7 BEST GENUINE PERSON LOW PRICE CALL GIRL SERVICE FULL SATISFACT...
💫✅jodhpur 24×7 BEST GENUINE PERSON LOW PRICE CALL GIRL SERVICE FULL SATISFACT...💫✅jodhpur 24×7 BEST GENUINE PERSON LOW PRICE CALL GIRL SERVICE FULL SATISFACT...
💫✅jodhpur 24×7 BEST GENUINE PERSON LOW PRICE CALL GIRL SERVICE FULL SATISFACT...sonalitrivedi431
 
RT Nagar Call Girls Service: 🍓 7737669865 🍓 High Profile Model Escorts | Bang...
RT Nagar Call Girls Service: 🍓 7737669865 🍓 High Profile Model Escorts | Bang...RT Nagar Call Girls Service: 🍓 7737669865 🍓 High Profile Model Escorts | Bang...
RT Nagar Call Girls Service: 🍓 7737669865 🍓 High Profile Model Escorts | Bang...amitlee9823
 
Tapestry Clothing Brands: Collapsing the Funnel
Tapestry Clothing Brands: Collapsing the FunnelTapestry Clothing Brands: Collapsing the Funnel
Tapestry Clothing Brands: Collapsing the Funneljen_giacalone
 
Pooja 9892124323, Call girls Services and Mumbai Escort Service Near Hotel Gi...
Pooja 9892124323, Call girls Services and Mumbai Escort Service Near Hotel Gi...Pooja 9892124323, Call girls Services and Mumbai Escort Service Near Hotel Gi...
Pooja 9892124323, Call girls Services and Mumbai Escort Service Near Hotel Gi...Pooja Nehwal
 
Jigani Call Girls Service: 🍓 7737669865 🍓 High Profile Model Escorts | Bangal...
Jigani Call Girls Service: 🍓 7737669865 🍓 High Profile Model Escorts | Bangal...Jigani Call Girls Service: 🍓 7737669865 🍓 High Profile Model Escorts | Bangal...
Jigani Call Girls Service: 🍓 7737669865 🍓 High Profile Model Escorts | Bangal...amitlee9823
 
Best VIP Call Girls Noida Sector 47 Call Me: 8448380779
Best VIP Call Girls Noida Sector 47 Call Me: 8448380779Best VIP Call Girls Noida Sector 47 Call Me: 8448380779
Best VIP Call Girls Noida Sector 47 Call Me: 8448380779Delhi Call girls
 
VVIP CALL GIRLS Lucknow 💓 Lucknow < Renuka Sharma > 7877925207 Escorts Service
VVIP CALL GIRLS Lucknow 💓 Lucknow < Renuka Sharma > 7877925207 Escorts ServiceVVIP CALL GIRLS Lucknow 💓 Lucknow < Renuka Sharma > 7877925207 Escorts Service
VVIP CALL GIRLS Lucknow 💓 Lucknow < Renuka Sharma > 7877925207 Escorts Servicearoranaina404
 
Design Inspiration for College by Slidesgo.pptx
Design Inspiration for College by Slidesgo.pptxDesign Inspiration for College by Slidesgo.pptx
Design Inspiration for College by Slidesgo.pptxTusharBahuguna2
 
Pastel Portfolio _ by Slidesgo.pptx. Xxx
Pastel Portfolio _ by Slidesgo.pptx. XxxPastel Portfolio _ by Slidesgo.pptx. Xxx
Pastel Portfolio _ by Slidesgo.pptx. XxxSegundoManuelFaichin1
 

Último (20)

Stark Industries Marketing Plan (1).pptx
Stark Industries Marketing Plan (1).pptxStark Industries Marketing Plan (1).pptx
Stark Industries Marketing Plan (1).pptx
 
Top Rated Pune Call Girls Koregaon Park ⟟ 6297143586 ⟟ Call Me For Genuine S...
Top Rated  Pune Call Girls Koregaon Park ⟟ 6297143586 ⟟ Call Me For Genuine S...Top Rated  Pune Call Girls Koregaon Park ⟟ 6297143586 ⟟ Call Me For Genuine S...
Top Rated Pune Call Girls Koregaon Park ⟟ 6297143586 ⟟ Call Me For Genuine S...
 
Kala jadu for love marriage | Real amil baba | Famous amil baba | kala jadu n...
Kala jadu for love marriage | Real amil baba | Famous amil baba | kala jadu n...Kala jadu for love marriage | Real amil baba | Famous amil baba | kala jadu n...
Kala jadu for love marriage | Real amil baba | Famous amil baba | kala jadu n...
 
FULL ENJOY Call Girls In Mahipalpur Delhi Contact Us 8377877756
FULL ENJOY Call Girls In Mahipalpur Delhi Contact Us 8377877756FULL ENJOY Call Girls In Mahipalpur Delhi Contact Us 8377877756
FULL ENJOY Call Girls In Mahipalpur Delhi Contact Us 8377877756
 
Verified Trusted Call Girls Adugodi💘 9352852248 Good Looking standard Profil...
Verified Trusted Call Girls Adugodi💘 9352852248  Good Looking standard Profil...Verified Trusted Call Girls Adugodi💘 9352852248  Good Looking standard Profil...
Verified Trusted Call Girls Adugodi💘 9352852248 Good Looking standard Profil...
 
SD_The MATATAG Curriculum Training Design.pptx
SD_The MATATAG Curriculum Training Design.pptxSD_The MATATAG Curriculum Training Design.pptx
SD_The MATATAG Curriculum Training Design.pptx
 
CALL ON ➥8923113531 🔝Call Girls Aminabad Lucknow best Night Fun service
CALL ON ➥8923113531 🔝Call Girls Aminabad Lucknow best Night Fun serviceCALL ON ➥8923113531 🔝Call Girls Aminabad Lucknow best Night Fun service
CALL ON ➥8923113531 🔝Call Girls Aminabad Lucknow best Night Fun service
 
Best VIP Call Girls Noida Sector 44 Call Me: 8448380779
Best VIP Call Girls Noida Sector 44 Call Me: 8448380779Best VIP Call Girls Noida Sector 44 Call Me: 8448380779
Best VIP Call Girls Noida Sector 44 Call Me: 8448380779
 
Call Girls in Kalkaji Delhi 8264348440 call girls ❤️
Call Girls in Kalkaji Delhi 8264348440 call girls ❤️Call Girls in Kalkaji Delhi 8264348440 call girls ❤️
Call Girls in Kalkaji Delhi 8264348440 call girls ❤️
 
call girls in Vasundhra (Ghaziabad) 🔝 >༒8448380779 🔝 genuine Escort Service 🔝...
call girls in Vasundhra (Ghaziabad) 🔝 >༒8448380779 🔝 genuine Escort Service 🔝...call girls in Vasundhra (Ghaziabad) 🔝 >༒8448380779 🔝 genuine Escort Service 🔝...
call girls in Vasundhra (Ghaziabad) 🔝 >༒8448380779 🔝 genuine Escort Service 🔝...
 
VIP Model Call Girls Kalyani Nagar ( Pune ) Call ON 8005736733 Starting From ...
VIP Model Call Girls Kalyani Nagar ( Pune ) Call ON 8005736733 Starting From ...VIP Model Call Girls Kalyani Nagar ( Pune ) Call ON 8005736733 Starting From ...
VIP Model Call Girls Kalyani Nagar ( Pune ) Call ON 8005736733 Starting From ...
 
💫✅jodhpur 24×7 BEST GENUINE PERSON LOW PRICE CALL GIRL SERVICE FULL SATISFACT...
💫✅jodhpur 24×7 BEST GENUINE PERSON LOW PRICE CALL GIRL SERVICE FULL SATISFACT...💫✅jodhpur 24×7 BEST GENUINE PERSON LOW PRICE CALL GIRL SERVICE FULL SATISFACT...
💫✅jodhpur 24×7 BEST GENUINE PERSON LOW PRICE CALL GIRL SERVICE FULL SATISFACT...
 
RT Nagar Call Girls Service: 🍓 7737669865 🍓 High Profile Model Escorts | Bang...
RT Nagar Call Girls Service: 🍓 7737669865 🍓 High Profile Model Escorts | Bang...RT Nagar Call Girls Service: 🍓 7737669865 🍓 High Profile Model Escorts | Bang...
RT Nagar Call Girls Service: 🍓 7737669865 🍓 High Profile Model Escorts | Bang...
 
Tapestry Clothing Brands: Collapsing the Funnel
Tapestry Clothing Brands: Collapsing the FunnelTapestry Clothing Brands: Collapsing the Funnel
Tapestry Clothing Brands: Collapsing the Funnel
 
Pooja 9892124323, Call girls Services and Mumbai Escort Service Near Hotel Gi...
Pooja 9892124323, Call girls Services and Mumbai Escort Service Near Hotel Gi...Pooja 9892124323, Call girls Services and Mumbai Escort Service Near Hotel Gi...
Pooja 9892124323, Call girls Services and Mumbai Escort Service Near Hotel Gi...
 
Jigani Call Girls Service: 🍓 7737669865 🍓 High Profile Model Escorts | Bangal...
Jigani Call Girls Service: 🍓 7737669865 🍓 High Profile Model Escorts | Bangal...Jigani Call Girls Service: 🍓 7737669865 🍓 High Profile Model Escorts | Bangal...
Jigani Call Girls Service: 🍓 7737669865 🍓 High Profile Model Escorts | Bangal...
 
Best VIP Call Girls Noida Sector 47 Call Me: 8448380779
Best VIP Call Girls Noida Sector 47 Call Me: 8448380779Best VIP Call Girls Noida Sector 47 Call Me: 8448380779
Best VIP Call Girls Noida Sector 47 Call Me: 8448380779
 
VVIP CALL GIRLS Lucknow 💓 Lucknow < Renuka Sharma > 7877925207 Escorts Service
VVIP CALL GIRLS Lucknow 💓 Lucknow < Renuka Sharma > 7877925207 Escorts ServiceVVIP CALL GIRLS Lucknow 💓 Lucknow < Renuka Sharma > 7877925207 Escorts Service
VVIP CALL GIRLS Lucknow 💓 Lucknow < Renuka Sharma > 7877925207 Escorts Service
 
Design Inspiration for College by Slidesgo.pptx
Design Inspiration for College by Slidesgo.pptxDesign Inspiration for College by Slidesgo.pptx
Design Inspiration for College by Slidesgo.pptx
 
Pastel Portfolio _ by Slidesgo.pptx. Xxx
Pastel Portfolio _ by Slidesgo.pptx. XxxPastel Portfolio _ by Slidesgo.pptx. Xxx
Pastel Portfolio _ by Slidesgo.pptx. Xxx
 

Destacado

2024 State of Marketing Report – by Hubspot
2024 State of Marketing Report – by Hubspot2024 State of Marketing Report – by Hubspot
2024 State of Marketing Report – by HubspotMarius Sescu
 
Everything You Need To Know About ChatGPT
Everything You Need To Know About ChatGPTEverything You Need To Know About ChatGPT
Everything You Need To Know About ChatGPTExpeed Software
 
Product Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage EngineeringsProduct Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage EngineeringsPixeldarts
 
How Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental HealthHow Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental HealthThinkNow
 
AI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdfAI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdfmarketingartwork
 
PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024Neil Kimberley
 
Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)contently
 
How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024Albert Qian
 
Social Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsSocial Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsKurio // The Social Media Age(ncy)
 
Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Search Engine Journal
 
5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summarySpeakerHub
 
ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd Clark Boyd
 
Getting into the tech field. what next
Getting into the tech field. what next Getting into the tech field. what next
Getting into the tech field. what next Tessa Mero
 
Google's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentGoogle's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentLily Ray
 
Time Management & Productivity - Best Practices
Time Management & Productivity -  Best PracticesTime Management & Productivity -  Best Practices
Time Management & Productivity - Best PracticesVit Horky
 
The six step guide to practical project management
The six step guide to practical project managementThe six step guide to practical project management
The six step guide to practical project managementMindGenius
 
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...RachelPearson36
 

Destacado (20)

2024 State of Marketing Report – by Hubspot
2024 State of Marketing Report – by Hubspot2024 State of Marketing Report – by Hubspot
2024 State of Marketing Report – by Hubspot
 
Everything You Need To Know About ChatGPT
Everything You Need To Know About ChatGPTEverything You Need To Know About ChatGPT
Everything You Need To Know About ChatGPT
 
Product Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage EngineeringsProduct Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage Engineerings
 
How Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental HealthHow Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental Health
 
AI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdfAI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdf
 
Skeleton Culture Code
Skeleton Culture CodeSkeleton Culture Code
Skeleton Culture Code
 
PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024
 
Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)
 
How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024
 
Social Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsSocial Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie Insights
 
Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024
 
5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary
 
ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd
 
Getting into the tech field. what next
Getting into the tech field. what next Getting into the tech field. what next
Getting into the tech field. what next
 
Google's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentGoogle's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search Intent
 
How to have difficult conversations
How to have difficult conversations How to have difficult conversations
How to have difficult conversations
 
Introduction to Data Science
Introduction to Data ScienceIntroduction to Data Science
Introduction to Data Science
 
Time Management & Productivity - Best Practices
Time Management & Productivity -  Best PracticesTime Management & Productivity -  Best Practices
Time Management & Productivity - Best Practices
 
The six step guide to practical project management
The six step guide to practical project managementThe six step guide to practical project management
The six step guide to practical project management
 
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
 

Product design for entering indian market

  • 1. 1 | P a g e CONFIDENTIAL DOCUMENT Outsourced Product Design (OPD) Customerenlightenmentthrougheffectiveoutsourcingof product designto enter India Market – A KeyCase Study
  • 2. 2 | P a g e CONFIDENTIAL DOCUMENT The client is ready to expand into the APAC region. However, there are many barriers to entry and in order to overcome them they will need to enter the market as quickly as possible. In today’s competitive scenario, a product must speak for itself – the quality of theproduct will make the difference to the consumer. The client has determined that entering the Indian market will be a profitable and rewarding business venture and an important component of their future business growth. The client is dedicated to providing the best quality products, tailored to suit the target market needs. The expectation of this project is to capture 20% market share in thenext two years. Prior to entering the Indian (APAC) market, the customer will need to complete the following due diligence: Benchmark study of the competition – product specifications, cost and performance Researchand analysis of product requirements for the target market Without any current presence or infrastructure in India, the client will suffer a high cost, and an extreme amount of effort and time to gather this information and be able to design and introduce theproduct to themarket. However, any lack in competency or any delay will hamper the customer’s project launch which will cause the entire exercise to fail! To mitigate the risk of failure, the customer decided to contract with a trusted vendor. ABOUTTHE CLIENT Headquartered in Europe, the client is one of the leading manufacturers and suppliers of industrial equipment & machines for the followingindustries: Food and beverage Pharmaceutical Waste water & chemical industries The clienthas a 65% market presence in Europe with a well –established customer base. The client is now expanding their product range and market presence across the APAC region. By entering emerging markets, like India, and providing products designed for specific target markets, the client has plans to capture 20% of the market share in the next two years.
  • 3. 3 | P a g e CONFIDENTIAL DOCUMENT Being a pioneer in outsourcing, with a distributed global network of talent, resources and an infrastructure in India, BWIR was thebest choice to support theclient’s needs. As illustrated in the following Figure A: When introducing a new product to a current market, a company only has to investigate market penetration opportunities. But when entering a new market a company is forced to develop their business in the new market and diversify in addition to all market penetration activities. This will lead to a higher cost and longer timeline. Figure A BWIR specializes in product design engineering and has a proven track record of creating a competitive edgefor its clients. BWIR came on-board as an outsourced vendor to complete the benchmark study of the competition and target customer base analysis. In addition, BWIR redesigned the product to suit the target market, APAC – Indian target customer requirements. Hence, BWIR became a valuable, trusted outsourced vendor for the customer. Since the relationship did not evolve into a joint venture, the customer continues to hold all of the patent and intellectual rights with regardsto the business. On behalf of the customer, BWIR completed the Benchmark study of the competition and target customer base analysis. BWIR also redesigned the product for the customer, based on the target market findings with its in-depth technical expertise and experiencein the field.
  • 4. 4 | P a g e CONFIDENTIAL DOCUMENT The customer realizedthe following benefits by trusting BWIR to be its outsourced vendor: The necessary infrastructure, network requirements, ecosystem, and business environment werecreatedto seamlessly step into the Indianmarket 50% reduction in project delivery time as illustrated in Figure C: Overall Project Schedule 22% reduction in project cost as illustrated in Figure D: Project Cost Difference Customer continues to hold all of the patent and intellectualproduct rights Figure C Figure D $60 $56 $850 $650 $910 $706 Without a partner With apartner ProjectCost Difference(in$K USD) Benchmark Study/Research Development Cost Total Time
  • 5. 5 | P a g e CONFIDENTIAL DOCUMENT Our BWIR's vision is to be a full-service provider to mid-market manufacturing companies. While some of BWIR's service offerings require in-depth domain expertise, others are technology-related services that span multiple domains. Within manufacturing, due to the Barry-Wehmiller legacy, BWIR is equally comfortable with both discrete manufacturing (Barry-Wehmiller divisions like MarquipWardUnited and HayssenSandiacre) and process manufacturing (Barry-Wehmiller customers in thefood, beverageand pharmaceuticalindustry). Within discrete manufacturing, BWIR's core strength is in the Industrial Machinery and Equipment (IME) space. These include: Special purpose machines Metalforming and cutting equipment Paper converting machines Packaging technologies Rotating equipment including pumps and valves, compressors, fans and blowers Additionally, BWIR has corecompetence in: Oil and gas Pharmaceuticals Food and beverage Consumer goods BWIR offers manufacturers a full suite of engineering and information technology services, bridging these two core areas with product lifecycle management solutions. Working side-by-side with clients, our consultants act as practitioners, rather than theorists, and are able to tap the vast knowledge contained within our parent company, Barry-Wehmiller Companies, Inc. In engineering services, BWIR helps manufacturers to maximize their output in areas such as product design, industrial automation, sustaining engineering and value engineering. BWIR also assists manufacturers in identifying effective strategies for integrating their engineering functions with the rest of thecompany. In IT consulting, BWIR makes technology serve our clients, rather than the other way around. We help untangle overlapping and repetitive applications, streamline processes, and make sure our clients are using enterprise software as efficiently as possible to speed the development and delivery of new products.
  • 6. 6 | P a g e CONFIDENTIAL DOCUMENT - BWIR is a global provider of engineering and enterprise solutions to the midmarket manufacturing domain. As part of the consulting platform of a US-based global manufacturing and technology services leader, BWIR has embraced Barry-Wehmiller’s people-centric leadership culture and values. BWIR has been recognizedas a pioneer in outsourcing with a distributed global network of talent and resources. BWIR enables its clients to achieve a competitive edge in the marketplace by striving for execution excellence in every aspect of what is delivered. Fundamental to our model is the building of proactive and insightful relationships that foster lasting partnerships. Key differentiators: Driven by our unique people-centric culture and values Pioneers in outsourcing with a distributed global network of talent and resources Consulting platform of a U.S.- based global manufacturing and technology services leader Specializing in engineering and enterprisesolutions for manufacturers Execution excellencethrough a proven commitment to process improvement Focused on proactiveand insightful relationships that foster lasting partnerships
  • 7. 7 | P a g e CONFIDENTIAL DOCUMENT United States Headquarters: Barry-Wehmiller International Resources 8020 Forsyth Blvd. St. Louis, MO 63105 USA Phone: +1 (314) 862-8000 Fax: +1 (314) 862-4154 Email Contacts: Jim Webb jim.webb@bwir.com ChristopherHric christopher.hric@bwir.com Raguraman Thulasiraman ragu@bwir.com Europe UK Office: Barry-Wehmiller International Resources 101 Lilac Grove Nottingham, UK NG91PF UK Phone: +44 (0) 780 719 5772 Fax: +44 (0) 115 967 8707 Email Contact: Vivek Maladkar vivek.maladkar@bwir.com India Mumbai Office: Barry-Wehmiller International Resources Kailash Tower, A Wing 204 / 205, 2nd Floor N.S. Phadke Marg, AndheriEast, Mumbai – 400 093 Phone: +91-22-26821871/2/3573 Fax: +91-22-268 217 79 Fax: +91-11-460 416 31 Email Contact: Adwait Rajwade adwait.rajwade@bwir.com Chennai Office: Barry-Wehmiller International Resources MPL Silicon Towers, 23-1/B3 VelacheryTambaramMain Road Pallikaranai Chennai – 600 100 India Phone: +91-44-43 909 100 www.bwir.com