• This infographic shares the importance of developing a cohesive digital thread when developing formulated products in the consumer packaged goods industry. The digital thread should be driven by customer requirements and incorporate the recipe / formulation, specifications, packaging design, compliance information, claims, cautions, ingredients, labeling, artwork, and more to provide a full view of the product and it's design history. An effective CPG Digital Thread relies on an integrated Product Innovation Platform to connect product data from early in the front end of innovation through development, … [ read more ]

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  • Join Tech-Clarity's Jim Brown on this webinar sharing  recent survey results from almost 200 Consumer Packaged Goods companies, delving into their quality issue and how top performing CPG companies achieve better quality without suffering from excess internal cost. Learn the process, organizational, and technology approaches that Top Performers leverage to overcome their challenges and drive cost-effective quality. This Business Review Webinars event is brought to you by Dassault Systèmes BIOVIA. Register for the June 20th webcast now (free of charge, registration required). All registrants will … [ read more ]

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  • On Thursday June 8, 2017  please join Michelle Boucher as she conducts a live interview with Mark Turner, Technical Manager for Development IT at Alcon, a Novartis Division. They will focus on key topics for medical device companies, including the Case for Quality. During the discussion, Michelle will share research on medical device industry trends. She will also discuss the implications for the Case for Quality and offered advice to efficiently manage regulatory compliance. Throughout the discussion, she will have an interactive conversation with Mark Turner. Mark will reveal how Alcon addresses their … [ read more ]

    Live Interview – Medical Devices: Making the Right Choice — Your Case for Quality
  • This eBook shares survey results analyzing companies' ability to hit new product development (NPD) targets, then offers seven practical tips identified by the research as best practice processes, organization, and technology leveraged by the top performing product developers. The research provides recommendations to companies based on the approaches taken by the Top Performers, those that are able to outperform their competitors in revenue growth, margin expansion, and delivering innovative products to market. Please enjoy the summary below. For the full report, please visit our sponsor Autodesk (free … [ read more ]

    7 Ways to Outperform Your Competitors in NPD (eBook, survey results)
  • Medical Device companies have the opportunity to leverage digitalization and the digital enterprise to develop innovative products and bring them to market quickly. Watch this edition of Tech-Clarity TV to learn about the digitalization opportunity and stay tuned for the rest of the series detailing specific business improvement opportunities including: Digital design Digital design transfer Paperless manufacturing The video shares how medical device manufacturers are embracing digitalization and gaining significant benefits including faster time to market, increased quality, and improved … [ read more ]

    The Digitalization Opportunity for Medical Device Companies (video)

Best Practices for Developing Industrial Equipment

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Tech-Clarity Perspective: Best Practices for Developing Industrial Equipment – Top Performers Drive Growth and Profitability with Advanced Design Practices and Enabling Technology explores best practices used by top performing industrial equipment manufacturers. The report shares insights from a survey of over 350 industrial equipment companies, and indicates what those that have most successfully grown their revenue and margins over the last two years do differently in product design and development.

Please enjoy the Executive Summary below, or click the report title above to download the a summary of the report in PDF (free of charge, no registration required).

To download the full report (free of charge, registration required), please visit the Autodesk Manufacturing Genius page.

Note: Please see related article Product Design Strategies Take Manufacturers to the Top by Travis Hessman in IndustryWeek quoting Jim Brown of Tech-Clarity and Ed Martin of Autodesk.

Table of Contents

  • Executive Overview
  • Strategies to Differentiate, Customize, Globalize
  • Challenges and Performance Priorities
  • Identifying the Top Performers
  • Strategies of the Top Performers
  • Best Practices used by the Top Performers
  • Enabling Top Design and Development Performance
  • Conclusion
  • Recommendations
  • About the Author
  • About the Research

Executive Overview

Industrial equipment companies struggle to differentiate themselves in today’s highly competitive, global markets. This report investigates the business strategies, approaches, challenges, processes, and technologies these companies employ and how they impact financial performance. The goal of the research is to identify and share best practices that drive better product profitability. The results are based on 378 online survey responses from manufacturers around the globe that compete in the industrial equipment market.

Analysis of the responses shows that the global economic recovery has helped industrial equipment companies economically. In fact, the companies responding to this survey have, on average, effectively grown revenue and profit margins over the last two years. Some industrial equipment manufacturers, however, have taken significantly more advantage of the recovery. These companies, the “Top Performers,” have:

  • Grown revenue 2.2 times more than average
  • Increased profit margins 2.4 times more than average

The research shows that the top performing companies have taken different approaches when compared to average performers. While the strategies and challenges across different performance levels are similar, what sets the leaders apart is how they implement and support these strategies. The top performing companies have adopted more advanced engineering approaches, including:

  • Modular design approaches
  • Platform design techniques
  • Rules-based design approaches

The top performers also use technology that supports these techniques. While the most common technologies are relatively the same across performance levels, the top performers are more likely to leverage:

  • Simulation tools
  • Product configurators or design automation
  • Product Lifecycle Management (PLM)
  • Factory layout / simulation tools

The findings from this report show how the top performers leverage advanced processes and tools. These results can be used as guidelines for other industrial equipment companies to improve their growth and profitability.

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