Product Lifecycle Management

Our Lifecycle Process

We have the subject matter experts to help your company manage your products as they move through the typical lifespan of a product:

Discovery, Feasibility, and Development > Introduction > Growth > Maturity > Eventual Decline

With a structured approach covering quality management systems and project management requirements, this timeline must be efficient to be effective. Here are steps where Factor 7 will help:

  • Discover & Conceive — Define the problem clearly. Identify your customers’ true needs. Establish technical specifications. And initiate concept development.
  • Design & Develop — Advance to early, detailed design and prototype creation. Specify and validate necessary testing and manufacturing processes.
  • Design Transfer & Manufacture — Implement manufacturing and product testing. Identify potential viability of new markets.
  • Commercialize & Deliver — Design and execute a successful launch. Continue examining potential new markets and customer segments. Craft and finalize sales messaging. Train your team on goals, tools, and playbook moves. Accelerate lead time, if needed.
  • Decline or Reboot — Evaluate the landscape. Revisit original goals and vision. Determine next steps.

Our Lifecycle Process

We have the subject matter experts to help your company manage your products as they move through the typical lifespan of a product:

Discovery, Feasibility, and Development > Introduction > Growth > Maturity > Eventual Decline

With a structured approach covering quality management systems and project management requirements, this timeline must be efficient to be effective. Here are steps where Factor 7 will help:

  • Discover & Conceive — Define the problem clearly. Identify your customers’ true needs. Establish technical specifications. And initiate concept development.
  • Design & Develop — Advance to early, detailed design and prototype creation. Specify and validate necessary testing and manufacturing processes.
  • Design Transfer & Manufacture — Implement manufacturing and product testing. Identify potential viability of new markets.
  • Commercialize & Deliver — Design and execute a successful launch. Continue examining potential new markets and customer segments. Craft and finalize sales messaging. Train your team on goals, tools, and playbook moves. Accelerate lead time, if needed.
  • Decline or Reboot — Evaluate the landscape. Revisit original goals and vision. Determine next steps.

Where
Are You
Stuck?

A problem can be a great place to start.
Here are some obstacles we’ve helped entrepreneurs with:

1. Problem isn’t articulated clearly or product doesn’t meet a well-defined clinical problem
2. Poor market fit
3. KOLs — Too few, not appropriate
4. Poor quality and testing
5. Need to expand our team’s expertise and reach
6. Poor, unclear training has led to user error
7. Supply chain problems or wrong manufacturer

Where
Are You
Stuck?

A problem can be a great place to start.
Here are some obstacles we’ve helped entrepreneurs with:

1. Problem isn’t articulated clearly or product doesn’t meet a well-defined clinical problem
2. Poor market fit
3. KOLs — Too few, not appropriate
4. Poor quality and testing
5. Need to expand our team’s expertise and reach
6. Poor, unclear training has led to user error
7. Supply chain problems or wrong manufacturer

What’s your biggest challenge right now?