New Ideas in New Product Introduction!
Innovations in Planning processes have always given tremendous value to early adopters. Integrated Business Planning Solutions are a group of integrators and experienced solution architects. Great ideas and robust capabilities are built by smart teams with collaboration so if your organization is ready to look beyond the Big 4 and the established consulting firms where the same staid processes are recycled for all customers, read on and do not hesitate to get in touch with us...
New Product Introduction is no longer just a way to grow. It is a necessity to survive, sustain and build for almost every industry most certainly the brands operating in Retail, Omnichannel and Direct-to-Customer.
NPI Forecasting Challenges
A partial list of known challenges in the ability to forecast new products:
Limited Historical Data
New products lack the data foundation traditional forecasting relies on
Uncertain Consumer Demand
Market acceptance and adoption rates are difficult to predict
Market Trends & Seasonality
Dynamic market conditions affect product performance
Retail & Distribution Variability
Channel complexities impact demand patterns
Marketing & Awareness Impact
Promotional activities create unpredictable demand spikes
SAP IBP Excellence for NPI
SAP solutions power an estimated 70% of world GDP and their breadth and robustness have played a key part in efficient global commerce and corporate prosperity. SAP IBP's Demand module offers quite a comprehensive set of planning tools and automation to facilitate new product introduction.
Product Lifecycle Modeling
Intuitive Product Lifecycle modeling options that capture the entire product journey from introduction to maturity and decline phases.
AI-Assisted Segmentation
Advanced AI-driven segmentation and forecast modeling that learns from market patterns and consumer behavior data.
Price Elasticity Modeling
Dynamic price elasticity models that integrate external data sources for real-time market intelligence and competitive insights.
BTP-Based Integrations
Custom SAP BTP integrations that enable next-gen demand planning in weeks, not months, at a fraction of traditional implementation costs.
External API Integration
Integrate competitor pricing, weather patterns, social media sentiment, and economic indicators for comprehensive market analysis.
Real-Time Scenario Planning
Test pricing scenarios, model cannibalization effects, forecast competitive impacts, and optimize promotional calendars with unprecedented accuracy.
Price Elasticity Modeling in SAP IBP
In the disruptive landscape today with smaller margins, understanding how consumers respond to price changes is mission-critical. Price elasticity of demand—the measure of consumer sensitivity to price adjustments—can make or break your revenue targets.
Category Leadership Analysis
Category leaders (think Tide vs. store-brand) typically enjoy less elastic demand, but quantifying this advantage requires granular data most systems can't integrate. Our solutions provide the granular insights you need.
Product Segment Flexibility
Staple items show inelasticity while premium products demonstrate higher elasticity. Our planning solutions provide the flexibility to model these differences by segment with precision.
Dynamic Promotional Modeling
Promotional fatigue increases elasticity over time as consumers learn to wait for deals. Our dynamic models adapt continuously to changing consumer behavior patterns.
Market Intelligence Integration
Leverage market data through SAP IBP to precisely predict consumer response across product, market and customer segments with real-time competitive intelligence.
Our Bespoke Data Tools
Our team at Integrated Business Planning Solutions have developed bespoke data tools integrated with SAP IBP's lifecycle planning tools to take your modeling beyond just your data. Let's plan together.
Custom Integration Tools
Pre-built API integrations that enable next-generation demand planning implementation in weeks, not months.
Advanced Analytics
Go beyond traditional data with external market intelligence, sentiment analysis, and competitive pricing insights.
Cloud-First Architecture
SAP's cloud-first integrated suite offering infrastructure, platform, application, data, security as services revolutionizing product reach.