Product Development Management Research Articles

Large-scale Probabilistic Forecasting of Consumer Engagement of CPG Products using Heterogeneous Web Data

Consumer Packaged Goods (CPG) play a pivotal role in customer-centric industries. Understanding the distinctive features of such products and how customers engage with them is essential for CPG manufacturers to create customer-winning products. In this study, we explore an innovative data-centric approach to forecast customer engagement for CPG products by monitoring their digital evolution, particularly in the Snacks category in the USA. Traditional methods for consumer analysis such as surveys, focus groups are time consuming, costly and ineffective with limited scope. They also lack a forecasting component, making it difficult for CPG companies to make forward-looking decisions. However, with the emergence of big data, we can leverage user generated public data from social media, web search, e-commerce platforms to estimate consumer engagement and make long-term forecasts. To achieve this, we propose a systematic approach to accumulate and prepare large datasets from heterogeneous web sources for CPG products. We then use state-of-the-art deep learning based time series forecasting models to efficiently train and predict consumer engagement for the next 12 months, benchmarking their computational efficiency and forecasting performance. Our findings indicate that the DeepAR model outperforms all other models, with the lowest NRMSE (=0.378), RMSE (=14.848) MSE (=220.457), MASE (=0.871), and sMAPE (=0.306) values. Furthermore, we demonstrate methods for computing single forecasting points and prediction intervals using the forecasted sample distribution from the probabilistic models. The proposed approach will provide CPG businesses with valuable insights to make informed decisions about product development, marketing strategies, and supply chain management.

211 Analysis of microbial communities from a commercial-size swine manure pit and their association with production of volatile organic compounds

Abstract Global pollution and emission concerns have been linked to concentrated animal feeding operations (CAFOs). Indeed, the U.S Environmental Protection Agency (US EPA) warns that there is a significant danger to human health, soil, and water quality from CAFOs. Volatile organic compounds (VOCs), which are amongst air contaminants that pose a serious risk, are abundantly produced in swine manure pits. While VOC emissions from swine manure have been well studied, the microbial species responsible for their production remain mostly uncharacterized. Thus, a deeper comprehension of the microorganisms responsible for VOC production in swine manure pits may help in the development of management approaches that target the microbiome in these environments. In this context, this study aimed to identify the major bacterial species populating the manure pit of a commercial-size swine wean-to-finish research facility. Manure collected from two sampling locations at different time points were analyzed using the 16S rRNA gene through PCR-amplification of the V1-V3 regions from microbial genomic DNA, followed by Illumina MiSeq 2X300 sequencing. An analysis of the most highly represented microorganisms identified 24 bacterial Operational Taxonomic Units (OTUs), with only four showing a species-level nucleotide sequence identity to currently known or valid species. As these results indicated that the majority of bacterial species from this manure pit were unknown, a metagenomics approach was used to assemble partial to full length genomes from the two most abundant OTUs: Pit_9-00239 [5.09% - 19.44%; Clostridium saccharoperbutylacetonicum (96.60%)] and Pit_ 7-00035 [5.58% - 17.30%; Bacteroides eggerthii (87.66%)]. From genome assembly analysis, 979 contigs were generated for a combined length of 12,367,510 bp, which together included 21,776 coding sequences. Predicted metabolic functions from these contig sets included pathways involved in carbohydrate utilization (glycolysis), vitamin synthesis (riboflavin), and butyrate production (volatile fatty acids). Notably, an enzyme responsible for the production of indole, a common VOC produced from swine manure pits, was also identified. Together, the results from this analysis provide insights on metabolic capabilities of abundant bacterial species from manure pits. These can in turn be used for the future development of management strategies or products that can reduce VOC emissions that result from swine CAFO manure storage.

Comprehensive analysis of differences in the physiochemical composition of foremilk and hindmilk of grazing indigenous and crossbred dairy goats; implications for growth, milk production and industry.

This study was conducted on 90 grazing Hair, Alpine × Hair F1 (AHF1), and Saanen × Hair F1 (SHF1) crossbred goats in three farms located around the Taurus Mountains in Konya, Türkiye. The study investigated variation in milk production, physico-chemical traits of milk fractions (foremilk, hindmilk and total milk), and growth traits. Genotype, parity, offspring sex, birth type, and flock factors significantly influenced milk production and quality traits of milk fractions (P < 0.05 to P < 0.01). Does with male/single offspring produced less milk, but with higher nutrient density (P < 0.05). Hindmilk was 272%, 31% and 61% richer in fat, total solids and energy content than foremilk, respectively (P < 0.001). However, the protein, lactose and solids-non-fat content of hindmilk was on average 7% lower than that of foremilk (P < 0.001). Physico-chemical quality traits of foremilk, hindmilk and total milk had a strong negative correlation with daily milk yield (P < 0.05 to P < 0.001). Live weight and average daily gains (ADG) of kids were influenced by maternal parity, flock, offspring sex and birth type (P < 0.05). The overall Kleiber ratios (KR) from birth to 2 months, birth to 3 months, birth to 6 months and 3 to 6 months of age were 21.0 ± 0.22, 17.1 ± 0.11, 10.5 ± 0.06 and 8.5 ± 0.21g/kg of metabolic weight, respectively. It was concluded that these findings are critical for milk sampling protocols, offspring growth strategies, product development and precision livestock management.

An integrated design concept evaluation model based on interval valued picture fuzzy set and improved GRP method.

The objective of this research is to enhance the precision and efficiency of design concept assessments during the initial stages of new product creation. Design concept evaluation, which occurs at the end of the conceptual design phase, is a critical step in product development. The outcome of this evaluation significantly impacts the product's eventual success, as flawed design concepts are difficult to remedy in later stages. However, the evaluation of new product concepts is a procedure that encompasses elements of subjectivity and ambiguity. In order to deal with the problem, a novel decision-making method for choosing more logical new product concepts is introduced. Basically, the evaluation process is outlined in three main phases: the construction of evaluation index system for design concept alternatives, the calculation of weights for evaluation criteria and decision-makers, the selection of the best design concept alternatives. These stages are composed of a hybrid method based on kano model, multiplicative analytic hierarchy process (AHP) method, the entropy of IVPFS and improved grey relational projection (GRP) under interval-valued picture fuzzy set (IVPFS). The novel approach integrates the strength of interval-valued picture fuzzy number in handling vagueness, the advantage of multiplicative AHP and the merit of improved GRP method in modelling multi-criteria decision-making. In final, the effectiveness of the proposed model is validated through comparisons with other models. The potential applications of this study include but are not limited to product development, industrial design, and innovation management, providing decision-makers with a more accurate and comprehensive design concept evaluation tool.

Financial Innovation and Risk Management in Japan

Purpose: The aim of the study was to investigate the Financial Innovation and Risk Management. Methodology: This study adopted a desk methodology. A desk study research design is commonly known as secondary data collection. This is basically collecting data from existing resources preferably because of its low cost advantage as compared to a field research. Our current study looked into already published studies and reports as the data was easily accessed through online journals and libraries. Findings: Japan has seen a surge in financial innovation driven by fintech startups and digitalization efforts by traditional banks. However, this innovation comes with regulatory challenges and risks that must be managed. Regulatory frameworks are being updated to address new risks like cybersecurity threats. There's also a growing focus on corporate governance, risk culture, and sustainability integration. Unique Contribution to Theory, Practice and Policy: Option pricing theory, capital asset pricing model (CAPM) &amp; modern portfolio theory (MPT) may be used to anchor future studies on the financial innovation and risk management. Foster a culture of innovation within financial institutions by promoting collaboration between risk management professionals and product development teams. Establish regulatory sandboxes and innovation hubs to facilitate responsible experimentation with financial innovations while maintaining regulatory oversight.

Glycomacropeptide-Based Protein Substitutes for Children with Phenylketonuria in Italy: A Nutritional Comparison.

Advancements in food science technology have allowed the development of new products for the therapeutic management of inherited metabolic diseases such as phenylketonuria (PKU). Glycomacropeptide (GMP), a peptide derived from casein, is naturally low in phenylalanine (Phe) and, thus, adequate for protein substitutes (PSs) for the management of PKU in children. This review aims primarily to analyse the differences in the nutritional composition of GMP-based protein substitutes in different formulations (ready to drink, powdered, and bars), and secondarily to assess the quality of these products, comparing their nutritional composition with that of standard amino acid (L-AA) mixtures. Thirty-five GMP-based PSs produced by six different companies were included in this review: twenty-one powdered PSs, eight ready to drink, and six bars. The analysis revealed great heterogeneity not only among the different formulations (powdered, ready to drink, and bars) but also within the same group, in terms of energy content and nutritional composition. GMP-based PSs were shown to have higher contents of sugars and saturated fatty acids compared to L-AA PSs, especially in ready-to-drink formulations and bars. The latter also provided the highest amounts of energy among the GMP-based products. This finding may be related to a higher risk of developing overweight and obesity. The greater palatability of these GMP-based PSs, combined with improved nutritional quality, could not only improve adherence to diet therapy but also reduce the incidence of obesity-related comorbidities in PKU.

Retraction notice: Improving supplier performance and strategic sourcing decisions by integrating jobshop scheduling, inventory management and agile new product development

Retraction notice: Improving supplier performance and strategic sourcing decisions by integrating jobshop scheduling, inventory management and agile new product development

Pengembangan Kompetensi Pemasaran Digital bagi Wirausaha Kelompok Buruh Migran dan Keluarganya

The Indonesian Migrant Workers Union (SBMI) is an organization that represents the interests of Indonesian migrant workers. SBMI aims to advocate for the rights of migrant workers in Indonesia, protect them from exploitation, and improve their working conditions and welfare. Through the learning and development of accounting systems, promotion management, digital marketing, and innovative product development for digital-based economic groups, the Indonesian Migrant Workers Union (SBMI) is expected to provide a good opportunity to enhance personal and family economics. The Community Service Team (PkM) from Fisipol UKI collaborated with lecturers from Pasundan University to initiate the socialization and training for migrant worker unions in Sukabumi, West Java. The PkM team focused on training participants in utilizing E-Commerce applications and the Tik-Tok social media application to market their products. Participants also engaged in direct practice of marketing products on E-Commerce and Tik-Tok applications. After undergoing direct training, participants then completed a post-test, showing significant progress with 97% of participants understanding the concept of marketing using E-Commerce and Tik-Tok. At the conclusion of the socialization and training, the UKI PkM Team provided social media accounts and phone numbers to participants for easier communication when they have questions or need assistance with product marketing.

Pemanfaatan Data Transaksi Untuk Mewujudkan Kepuasan Pelanggan, Brand Awareness Dan Loyalitas Pelanggan

Business development and growth is the ultimate target of establishing a company. Apart from being sales data, transaction data can also be a company asset that can be used for operational management and marketing strategies. For operational purposes, transaction data that reflects customer capabilities and conditions can be used for inventory management purposes by predicting the need for raw materials to guarantee the availability of products or services within a certain period of time according to customer needs. Companies can also develop products according to customer needs and minimize unnecessary expenses resulting from excessive procurement of raw materials. For marketing purposes, transaction data can be a reference for determining demographic customer characteristics. Customer characteristics can be used as a tool to determine current customer segments and how to provide maximum service to customers. The overall condition of customers will be valuable information for companies in carrying out marketing strategies. This research will explain how to utilize sales transaction data during a certain period using qualitative methods to achieve customer satisfaction through good raw material inventory management and appropriate product and service development, creating brand awareness (customer awareness of the brand) through digital marketing (digital marketing) and customer loyalty through customer relationship management strategies in the Exist Autodetailing Yogyakarta vehicle body maintenance business.

The Effect of Macro-indicators, Profit Sharing on Mudharabah Deposits: Evidence from Indonesia

This research seeks to ascertain how interest rates, GDP, and profit-sharing relate to mudharabah savings in Islamic commercial banks. This study employs a quantitative research design and measures its findings using a panel data regression approach. Sharia commercial banks that registered with the Financial Services Authority (OJK) between 2016 and 2020 make up the research population. There were 180 observations in total in this study because the sample was chosen using the purposive sampling method and included a total of nine Sharia commercial banks. This study employed secondary data, specifically quarterly financial reports. The study's findings demonstrate that mudharabah deposits benefit from interest rates. Mudharabah benefits from the amount of profit sharing. deposits. Mudharabah deposits are positively impacted by the GDP. It is well recognized that the amount of mudharabah savings is influenced by GDP, a measure of people's income. The managerial ramifications of how GDP, profit-sharing, and interest rates affect mudharabah deposits can be very significant in a financial context. Interest rates, income uncertainty, and risk management minutes. Profit sharing, compliance with Sharia principles, and product development and portfolio management.

Young specialists on the labor market of information and computer technologies

Introduction. The situation on the labor market of IT specialists in Russia after 02.24.2022 was characterized by a sharp decrease in supply from employers and growth in the number of trainees in information and computer technology specialties. At the same time, salaries in the IT sector for most specialties decreased or slightly increased in comparison with inflation for the same period.Purpose setting. In the article on the basis of analytics of vacancies and salaries in the field of IT sphere the possibilities of occupation of positions in the field of software product development, their maintenance and IT processes management by graduates in the specialties of information and computer technologies are studied.Methodology and methods of the study. The median values of salaries in vacancies in various IT specialties are analyzed and compared with the current salaries of workers in the information sphere.Results. The tendencies of changes in salaries in IT sphere in comparison with employers» vacancies are revealed. The comparison of salaries in vacancies for graduates of universities and vocational training institutions and in offers for specialists with work experience is made.Conclusion. The most in-demand positions in the IT sphere for graduates of universities and vocational training institutions in the specialties of information and computer technologies have been identified.

Cultural and space-based factors influencing recreational conflicts in forests. The example of cyclists and other forest visitors in Freiburg (Germany)

More and more people are visiting forests for recreational and leisure purposes. Against this backdrop, conflicts have become rampant mainly due to limited spaces and conflicting recreational expectations. Recreational conflicts have the tendency to diminish the satisfaction that a visitor derives from leisure activities in the forest. This is a challenge not only to forest management but also to tourism product development. The study investigates recreational conflicts in forests by conducting a nationwide online survey. Conflicts were described based on how intensively they are discussed in public, how emotionally they are treated, and based on the willingness of the respondents in finding solutions to the conflicts. In order to investigate the factors that contribute to conflict genesis, the example of conflicts between cyclists and other forest visitors was researched by an on-site survey in Freiburg (Germany). The results show that cultural factors influence conflict genesis. For example, the activity style of recreationists and their mode of experience play an important role in conflict genesis. Both are cultural factors, when following a value-based understanding of culture. However, not are recreational conflicts judged as highly emotional; instead, they seem to be an expected part of forest visits. The study concludes with recommendations for tourism product development and forest management.

Exploratory Analysis of Factors Influencing Agile New Product Development Adoption in Manufacturing Industries

Purpose: Global competition, individualized customer requirements, and volatile market conditions create an environment conducive to agile new product development (ANPD). This research seeks to identify the key factors that influence ANPD adoption along with the development of a conceptual framework for the identified factors. Design/methodology: Through a literature review, eight factors having 47 sub-factors pertinent to ANPD adoption and its performance improvement were identified. Considering all of these factors, the development of conceptual framework and research hypotheses was carried out. A structured questionnaire was used to collect 118 online responses from both domestic and foreign subject matter experts. The structural equation modeling (SEM) approach was used for validation of the conceptual framework along with the research hypotheses testing. Findings: This study supported six hypotheses: “Technology management competencies”, “Product development competencies”, “Organizational management competencies”, “Human resource competencies”, “Software management competencies”, and “Policy management competencies”. These supported hypotheses influence ANPD adoption significantly. However, the analysis did not support the two more positive factors, namely “Integrated system competencies” and “Supply chain competencies”, showcasing the necessity for a better understanding of them among the product development experts. Research limitations: As the proposed methodology relies on qualitative data, it is somewhat complex and time-consuming. While SEM can verify the linear relationship, a hybrid approach involving the SEM-MCDM technique can be employed to comprehend the impact of ANPD adoption and performance improvement. Practical implications: The findings of this study will assist product development experts, manufacturing executives, and managers in developing effective ANPD adoption policies. It will help in improving the new product development success rate and highlighting the causes of poor performance. Originality/value: This is a one-of-a-kind and highly beneficial structural modeling-based decision-making tool. This framework can be effective across multiple domains, and incidents of ANPD adoption failure can be mitigated.

Quantitative assessment of sustainability level of industrial enterprises

In order for industrial enterprises to achieve sustainable development goals and develop appropriate strategies, it is necessary to determine the quantitative measurability of sustainability, which is the purpose of the paper. On the basis of the previously developed methodology of economic analysis of technological renewal of production, the method of ballistic assessment is proposed to measure the level of sustainability of technological development of industrial enterprises. This allows us to assess the level of sustainability or unsustainability of any industrial enterprises in any retrospective period of time and compare them with each other and determine the target levels of sustainability in the process of strategic planning and management of production development. The proposed method of assessing the level of sustainability has been tested on the reporting data of twelve Russian machine-building enterprises operating in four industries: aviation, automotive, railway, and shipbuilding. In order to increase the level of sustainability in the future, all industrial enterprises need to increase the growth rate of the coefficient of production technology level, but at the same time it is necessary to take into account the wave-like nature of the growth of its absolute values, which at the micro level confirms the theory of “long” waves by N.D. Kondratiev and the concept of change of technological modes by S.Y. Glazyev.

Cyber Physical System: The Role of Website as a Medium of Digital Marketing for Ecotourism

The advancement of human civilisation and the development of the global economy in various fields has now entered Indonesia with various new digital-based technologies and is currently known as the industrial era 4.0 which is based on cyber physical systems. Digitalisation in various fields is currently also intensively carried out in the tourism sector which is one of the country's foreign exchange boosters. Indonesia's tourism development is supported by adequate human resources and the diversity of natural resources which is an added value in order to sedate tourists to visit tourist destinations in Indonesia. The tourism village will later become an independent tourism village with sustainable tourism village certification. The assistance is carried out through the development of Human Resources in the management of tourist villages, product development or travel patterns, and digital development. In the management of digitalisation-based Independent Tourism Villages, the 7 destinations have used websites as a marketing communication medium. With the existence of digital technology-based marketing communication, many Tourism Villages are now increasingly recognised by the wider community across time and space. Marketing communication through websites is one of the right strategies for tourism businesses because it is a more efficient and effective media display and has a positive significance for the tourism sector.

Innovation Value Creation and Capture Model for Leveraging Turks and Caicos’ Emerging Food and Beverage Manufacturing Firms’ Competitiveness

In the constantly changing modern business environment, different emerging new businesses as well as the incumbents are increasingly adopting innovation as a performance enhancement strategy. In that context, this study uses interpretivist research paradigm as integrated with exploratory research design and qualitative research method to explore and analyse questions like how, what, when and why the emerging Turks and Caicos food and beverage manufacturing ventures undertake innovations in the way they do as well as the constraints associated with such innovation behaviours and practices. Using data from twenty purposively sampled product development managers that were drawn from 20 (twenty) emerging Turks &amp; Caicos food and beverage manufacturing ventures, thematic analysis of the interview findings indicated most of the manufacturing entities to use a four steps’ process for innovation value creation and capture that encompass market survey, product development, marketing and promotion. Even if some of the emerging new food brands were copied and pasted from the foreign based food concepts, they stated that the emerging food and beverage businesses that use the appropriate innovation value creation and capture strategies have still been able to gain the desired competitive edge. But even if this bolsters improved competitiveness and performance of most of the emerging food and beverage manufacturers, dynamics and complexities were still found to arise from inadequate financial capital, poor top management’s commitment, changing competition landscape and lack of the required talents. To therefore deal with such complexities and dynamics, it is recommended that the emerging Turks and Caicos food and beverage manufacturing firms must adopt the Four Steps’ Process for New Product Development/Innovation Value Creation and Capture Model encompassing industry and market analysis, product conceptualisation, product development, commercialization as well as periodic monitoring, evaluation and improvement.

Best practices, performance advantage and trade-offs: new insights from frontier analysis

AbstractThere are still important theoretical and empirical gaps in understanding the role of best practices (BPs), such as quality management, lean and new product development, in generating firm’s performance advantage and overcoming trade-offs across distinct performance dimensions. We examine these issues through the perspective of performance frontiers, integrating in novel ways the resource-based theory with the emergent practice-based view. Hypotheses on relationships between BPs, performance advantage, and trade-offs are developed and tested with stationary and longitudinal (recall) data from a global survey of manufacturing firms. We use data envelopment analysis, which overcomes limitations of mainstream methods based on central tendency. Our findings support the view that BPs may serve as a source of enduring competitive advantage, based on their ability to lead to a heterogeneous range of dominant and difficult-to-imitate competitive positions. The study provides new insights on contemporary debates about the role of BPs in generating performance advantage and how practitioners can sustain internal support and extract benefits from them.

The link between lean manufacturing and Industry 4.0 for product development process: a systemic approach

Purpose This research examines the impact of integrating lean manufacturing (LM) principles and Industry 4.0 (I4.0) into the product development process (PDP) of manufacturing companies in southern Brazil, with the objective of improving market performance (MP).Design/methodology/approachA survey was conducted with 110 product development managers to evaluate the level of LM and I4.0 principles, PDP phases, and the improvement of MP. Quantitative analysis was employed to analyse the data, including confirmatory factor analysis (CFA) and ordinary least squares (OLS) hierarchical regression.FindingsThe study reveals that integrating LM and I4.0 principles in the PDP enhances product development and positively impacts the MP of manufacturing companies. Additionally, I4.0 partially mediates the LM-PDP relationship, while LM partially mediates the I4.0-PDP relationship, highlighting their interdependence rather than one being a prerequisite for the other.Research limitations/implicationsThe study has limitations regarding its narrow focus on product development managers in Brazil and the absence of multiple case studies.Practical implicationsThe study emphasises the importance of coordinated efforts in manufacturing companies to adopt and manage both LM and I4.0 principles, as they positively impact all phases of the PDP and ultimately contribute to the overall MP of the companies.Originality/valueThe novelty of this study lies in its systemic approach, examining the relationships and effects of LM and I4.0 principles on the PDP, and demonstrating how these effects manifest in manufacturing companies.

The Tiroca Model of PT Goto Gojek Tokopedia Tbk

This research aims to analyze the strategy of PT GoTo Gojek Tokopedia Tbk. by using the TIROCA model (Tangible, Intangible Resources, and Organizational Capabilities Analysis) as a basis for identifying the company's strengths and weaknesses. This research uses the qualitative research method with a case study approach to explore the company's strategic strengths and weaknesses through tangible assets, intangible assets, and organizational capabilities. The results showed that the company's sustainable competitive advantage comes from technology as a tangible resource, brand reputation as an intangible resource, and the company's ability to manage product development and improve the quality of human resources as an organizational resource capability. This research contributes to expanding the understanding of PT GoTo's business strategy and provides advice for making the right decisions in developing the business in the future.

A performative perspective on sensing, seizing, and transforming in small- and medium-sized enterprises

ABSTRACT This study investigates organizational sensing, seizing, and transforming, which are critical activities in developing and exercising dynamic capabilities (DCs)––an organization’s capacity to reconfigure its resources in response to a changing environment. Previous research on small- and medium-sized enterprises (SMEs) has predominantly focused on well-established business processes that are considered functional DCs, including product development, portfolio planning, and customer management, highlighting their role in facilitating resource reconfiguration. However, these studies implicitly assume the existence of functional DCs, without explaining what contributes to their development. We build on recent theoretical arguments emphasizing the performative dimensions of the DC construct and examine how SME practitioners sense and seize opportunities and threats, and subsequently transform their resources and operations. Our findings highlight a series of practices employed in ongoing social interactions to develop functional DCs or reconfigure established routines. These practices are situated in social interaction contexts characterized by distinct modes of communication, including resonance, generativity, and call for action. By offering a communicative explanation of the performance and dynamization of sensing, seizing, and transforming, this study underscores the pivotal role of interpersonal dynamics in facilitating resource reconfiguration.