What Does NPDI Stand For?
NPDI stands for New Product Development And Introduction
NPDI, or New Product Development and Introduction, refers to the structured process of bringing a new product from concept to market. This approach encompasses various stages, including ideation, design, testing, and launch, ensuring that the product meets customer needs and business objectives. Effective NPDI not only facilitates innovation but also minimizes risks and optimizes resource allocation, ultimately contributing to a company's competitive advantage and growth.
Added on 14th April 2008 | Last edited on 17th June 2025 | Edit Acronym