New Product Introduction (NPI)
New Product Introduction (NPI) is the process of bringing a new product from design and development into production. It involves coordinating engineering, procurement, manufacturing, and quality teams to ensure the product can be built reliably and at the intended cost. Evaluating component pricing, availability, lifecycle status, and alternatives during NPI helps reduce costs and supply risks before design decisions are finalized.
Explore related sourcing concepts
See the Lytica glossary for related definitions, or browse the knowledge base for practical guidance on component pricing, savings, and supply risk.