Product and equipment development is at the core of Reece Innovation. We understand it, we operate best practice ‘Product Lifetime Management’ processes, and we deliver end to end product creation services. With extensive experience drawn from many sectors, we know how to manage technical and commercial risk that is inherent in product or equipment development projects. We mitigate risk by progressing through a controlled set of phases.
Irrespective of whether we work on the design of a one-off mechanical system for the offshore sector, or collaborate on the development of electronic instrumentation for remote monitoring applications, we seek to ensure the maturing technical solution is appropriately influenced by its industrial setting, or by market intelligence, established supply chains and competitive approaches. Our level of involvement in these important areas depends on whether we are an integral partner in the overall business opportunity, or whether we are offering a technical resource at a discrete stage in a client managed project.
- When in the Concept phase, we may develop a series of technical options or preliminary designs. In collaborative projects, we may also investigate market drivers and barriers to entry, to determine their influence on the preferred solution.
- When in the Feasibility phase, we focus on challenging assumptions and de-risking through building experimental prototypes, or we may undertake Front End Engineering Design (FEED) projects.
- When in the Development phase, the route forward has been set, and detailed design and pre-production manufacturing takes place.
- When in the Commercialisation phase, we scale up manufacture, develop product sustaining plans, and evaluate diversification opportunities.