Patent ID: 8504398

Claim:
A system for implementing a reusable new product planning model, comprising: a processor in communication with a storage device, the storage device housing historical demand data for products in a product set; and a new product forecast application executing on the processor, performing: gathering a portion of the historical demand data for products in a product set from the storage device and determining a launch period for each of the products, the historical demand data broken down by product and for a number of consecutive time periods, the products in the product set including new-products with a low number of shipments; for each of the time periods, determining a transition percentage for each of the products by calculating a percentage of total demand corresponding to each of the products at each time period over a total demand of all products in the product set; grouping the transition percentages of the products by respective launch-based time periods and averaging the transition percentages for each of the launch-based time periods, resulting in an averaged transition range, the launch-based time periods calculated based on the products reaching a predefined percentage of the total product set; for each of the launch-based time periods: calculating a fast transition range, the fast transition range calculated by averaging transition percentages of products that are greater than the averaged transition range for each of the launch-based time periods; calculating a slow transition range, the slow transition range calculated by averaging transition percentages of products that are less than or equal to the averaged transition range for each of the launch-based time periods; and developing a production plan for a new product by applying one of the fast transition range, slow transition range, and averaged transition range to the new product at a time period before product launch and allocating a remaining demand percentage to existing products in the product set using the one of the fast, slow, and averaged transition ranges applied to the new product and for a corresponding launch-based time period for the existing products, the new product and the products in the product set sharing similar characteristics, wherein: the fast transition range is applied to the new product in response to determining that the new product provides an improvement over the existing products above an improvement threshold; and the slow transition range is applied to the new product in response to determining that the new product provides an improvement over the existing products below an improvement threshold.