• Jim Brown contributed a guest post to the Siemens PLM Community blog discussing the opportunity for food and beverage companies to leverage digitalization and the digital enterprise to combat market disruption from new, innovate companies that are challenging current industry leaders. The post offers several ways that consumer packaged goods (CPG) companies can get started on their digital journey, achieve tangible business value, and combat challengers like Blue Apron and Amazon Fresh that are disrupting the status quo.The full post, Surviving the New Competitive Landscape in Food and Beverage, can be … [ read more ]

    Digitalization in Food and Beverage (guest post)
  • Dassault Systèmes continues to make significant progress on the 3DExperience vision they laid out 5 years ago. This strategy has seen them transform from a software vendor offering distinct solutions for a variety of functional areas to a company that leads with a strong business transformation message backed up by a platform of solutions. I dropped "PLM" from the title of last year's strategy review. I feel even better about that decision a year later. They now have a broad software suite brought to market as solutions tailored to support key initiatives in the vertical industries they serve. As times goes … [ read more ]

    Dassault Systèmes Strategy 2017+
  • The Finding PLM to Fit Mid-Sized High-Tech Companies ebook explains how smaller companies in the high technology industry find themselves stuck between full-featured Product Lifecycle Management (PLM) systems that feel out of reach and less capable solutions including cloud-based file sharing or very basic data management applications. They know they can’t afford the errors and inefficiency inherent to informal data and process management, but can’t afford a large time, resource, and financial investment to fix their problems. Unfortunately simple solutions like web file sharing, while very attractive, fall … [ read more ]

    Finding PLM to Fit Mid-Sized High-Tech Companies (ebook)
  • The How-to Guide to Transitioning from 2D CAD to 3D CAD  shares best practices for moving from 2D to 3D. The guide shares the reasons you should consider going from 2D to 3D, common challenges to avoid, and benefits enjoyed by other companies who gone to 3D. The guide then shares advice to make your switch from 2D to 3D CAD a success. The recommendations were developed by analyzing the responses of Top Performing companies and comparing them to Average Performing companies.This eBook is one in a series of three:Transitioning from 2D CAD to 3D CAD Migrating from 3D CAD to a new 3D CAD Adopting … [ read more ]

    Best Practices for Going from 2D to 3D CAD
  • The Reducing Cost of Quality in CPG report shares perspectives from a survey of over 175 CPG companies to determine how Top Performers manage consumer packaged goods quality. The research finds that these leading companies are able to achieve better quality results with lower internal costs. The report analyzes their processes, organizational structures, and enabling technology to determine how they can get better quality results without placing a financial burden on the business.Please enjoy the summary below, or click the report to download a PDF overview (free of charge, no registration … [ read more ]

    Reducing Cost of Quality for Consumer Packaged Goods (survey report)

Preparing Industrial Equipment Manufacturers for Growth

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Tech-Clarity Insight IE InnovationPreparing Industrial Equipment Manufacturers for Growth: Innovating Future Product Lines with Higher Margins identifies how industrial equipment manufacturers can transform their business to a position of growth by implementing a strategy for innovation, without investing in additional resources. With the right approach to innovation, companies will ensure future revenue streams, while managing risk. Getting this right is a challenge for many companies, but is especially difficult for businesses such as industrial equipment manufacturers offering Engineer-to-Order products.  This report discusses best practices for becoming more innovative, while meeting the demands of on-time delivery for current projects with current resources.

Please enjoy the summary below, or click the report or title to download the full PDF (free of charge, no registration required).

For for more information on improving innovation processes, please visit our sponsor, Autodesk. 

Table of Contents

  • Executive Overview
  • Why Should IEMs Care about Innovation?
  • Clarify the Meaning of Innovation
  • Identify Challenges that Hurt Innovation Success
  • Establish a Culture of Innovation
  • Invest in the Concept Phase
  • Define Processes
  • Take Advantage of Available Technologies
  • Conclusion
  • Recommendations
  • About the Author

Executive Overview

The industrial equipment industry has evolved significantly over the last few decades. Today, increasing global competition makes it very difficult for industrial equipment manufacturers to differentiate themselves. In addition, with growth in emerging markets slowing down, and the ability for fast followers to quickly copy incremental improvements, industrial equipment manufacturers looking to grow, need to develop new strategies. With this in mind, it is not too surprising that past research from Tech-Clarity, Best Practices for Developing Industrial Equipment, finds that differentiating products through innovation is the top reported business strategy, reported by 45% of industrial equipment manufacturers.

Joy Global, a leader in high-productivity mining solutions, stresses the value of innovation to their business. Says Chris Flynn, Director of Engineering of Underground Mining at Joy Global, “Innovation is a key part of our business. It enables us to grow in new areas and prevents erosion of our current market position.” Flynn also comments on how it helps them remain competitive. “Other companies copy us. As time goes by, copied products and parts become commodities. Innovation is critical to competitiveness.”

While innovation is critical to future success, the challenge is that industrial equipment manufacturers need to focus their limited resources on on-time delivery requirements and getting products out the door. This consumes so much time and effort, it can be very difficult to spare resources for innovation. This is particularly true for transformative innovation, which consists of breakthrough innovations that can lead to the biggest growth opportunities, but may also represent more risk.

This paper examines how companies can transform themselves to enable greater focus on transformative innovation to help them meet their goals for profitable growth. The report discusses how innovation starts with a culture of innovation. In addition to culture, with the right processes in place, companies can ensure they stay focused on the innovations that have the greatest chance of commercial success. Technology also plays a key role in enabling innovation. With tools such as CAD and simulation tools, companies can explore more ideas in less time. This combination of people, process and technology will enable industrial equipment manufacturers (IEMs) make time for innovation, while remaining focused on the day-to-day activities of getting product out.

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