Encyclopedia in Operations Management

초록

Supplier involvement in new product development has become a critical strategy for improving innovation, efficiency, and product quality. It enhances innovation, operational efficiency, and product quality by utilizing external expertise. Despite these benefits, many challenges hinder successful supplier involvement in new product development. Relationship and knowledge management and external environmental factors should be carefully handled to prevent increasing costs and delays in new product development processes. This chapter covers the history, benefits, and challenges of supplier involvement in new product development by providing insights into successful new product development. © 2026 Elsevier Inc. All rights are reserved, including those for text and data mining, AI training, and similar technologies.