Determining the feasibility of manufacturing products can be complicated. Businesses need to assess the cost-effectiveness and efficiency of their chosen methods to ensure that quality, production, pricing, and engineering processes align with product development objectives.
First, ask yourself if your product is feasible for market success, and then decide if your concept is a candidate for further development. The business model, funding, and intellectual property are all elements of NPD that should be included in a feasibility evaluation.
