ACNielsen Introduces Tool to Help Marketers Launch New Products More Efficiently and Successfully; New Product Qualifier Helps Marketers Identify Ideas With Highest Potential.Business Editors SCHAUMBURG, Ill.--(BUSINESS WIRE)--Dec. 3, 2002 ACNielsen U.S., an operating unit operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon of ACNielsen, a VNU VNU Volontaires des Nations Unies (French) VNU Verenigde Nederlandse Uitgeversbedrijven (Dutch) VNU Virtual Network User business, announced today the launch of New Product Qualifier (NPQ NPQ New Perspectives Quarterly (Center for the Study of Democratic Institutions) NPQ Not Physically Qualified (BUMED/DODMERB) NPQ National Professional Qualifications ), a powerful new software tool to help consumer packaged goods Noun 1. packaged goods - groceries that are packaged for sale foodstuff, grocery - (usually plural) consumer goods sold by a grocer plural, plural form - the form of a word that is used to denote more than one (CPG CPG central pattern generators. ) companies hone their lists of new product ideas to those with the greatest potential for success. Used in conjunction with the ACNielsen Homescan(R) New Product*Facts database -- the most robust compilation of nationally launched new product consumer trial-and-repeat data available in the CPG industry -- NPQ provides an early read of a potential new product's likelihood of success. "New products are the lifeblood life·blood n. 1. Blood regarded as essential for life. 2. An indispensable or vital part: Capable workers are the lifeblood of the business. of any CPG company," said Nick Sorvillo, senior vice president, Marketing, ACNielsen Homescan. "New Product Qualifier will increase our clients' odds of success in launching new items by helping them sort out the best ideas from those with less likelihood of success." Within the multi-step new-product development process, New Product Qualifier is designed for use after idea generation and before further concept testing Concept testing is the process of using quantitative methods and qualitative methods to evaluate consumer response to a product idea prior to the introduction of a product to the market. . Delivered on an interactive CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). , NPQ enables users to quickly compare their sales requirements with actual results achieved by other new products in the same category. Users select from nearly 220 product categories or create custom categories. For example, cereal manufacturers could choose the "ready-to-eat cereal" category, enter the number of units they need a new product to sell to meet financial targets, and NPQ will provide low-, medium- and high-unit sales for all new products actually introduced in the category in the past five years. Or, the manufacturer could create a custom category by selecting cereals from the database with more specific characteristics, such as granola cereals or sugary sug·ar·y adj. sug·ar·i·er, sug·ar·i·est 1. Characterized by or containing sugar: sugary foods. 2. Tasting or looking like sugar. 3. cereals. Across the entire database, there are more than 1,300 brands and thousands of UPCs to choose from. After the benchmarks are provided, users can work through several "what-if" scenarios by adjusting factors such as buying rate or household penetration. NPQ also enables users to see what demographic groups purchased other new products in their category, what regions of the country generated the strongest acceptance, and more. Once a new product is introduced, NPQ helps compare in-market results to projected outcomes, providing critical insights into the early stages of a national launch. New simulations can be created to assess performance drivers and to help determine which mid-course actions might help meet business goals. In conjunction with ACNielsen BASES' post-launch evaluations, New Product Qualifier maximizes a new product's chances for success. ACNielsen, a VNU company, is the world's leading marketing information company. Offering services in more than 100 countries, the company provides measurement and analysis of marketplace dynamics and consumer attitudes and behavior. Clients rely on ACNielsen's market research, proprietary products, analytical tools and professional service to understand competitive performance, to uncover new opportunities and to raise the profitability of their marketing and sales campaigns. Note to Editors: Look for this press release and other ACNielsen news on the Internet at http://acnielsen.com/news. |
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