• 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 ]

    Cost Effective Quality in CPG (webcast, survey results)
  • 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)

Designing Higher Profitability into Industrial Machinery

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A quick peek into some research on designing and developing industrial equipment. The report, Tech-Clarity Perspective: Best Practices for Developing Industrial Equipment analyzes the performance of well over 300 manufacturers in order to determine what the top performers do differently than the rest. The results are pretty exciting!

Note: You can also see a related article Product Design Strategies Take Manufacturers to the Top by Travis Hessman in IndustryWeek.

The Research Approach

I will keep this brief. The report focuses determining two primary things:

  • Which of the survey respondents are performing better financially?
  • What are those companies doing different operationally?

Why do this? Because we want to help everybody reach higher levels of performance!

The Research Findings

After writing about how engineering can help companies survive a down economy for a while it is nice to share some good news. On average, the respondents to our survey have grown both their top line and their profit margins over the last two years. You would argue that tells us more about how bad it was three years ago than how good things are today, but the fact is things have gotten better.

But… they have gotten “more better” for some companies than others. Twice as good, in fact. Specifically, we asked companies to rate and then quantify their financial performance and identified a top level of performers we called the “top performers.” The table clearly shows how much better they have performed over the last two years.

That isn’t the exciting part. What is exciting is that we observed different design approaches and technologies in the top performers. These approaches can serve as best practices for other industrial equipment companies. What did these companies do differently? They were much more likely to:

  • Use rules-based design approaches
  • Develop a single, global product
  • Leverage platform design techniques
  • Use modular design approaches

Although they used many of the same design tools as others (most use 3D CAD, for example), they are likely using them in more advanced ways to support the processes mentioned above. In addition, there were certain enabling technologies they used more frequently than others, including:

  • Simulation
  • Product configurations / design automation
  • PLM
  • Factory layout / simulation tools

Implications for Manufacturers

What does this mean to manufacturers? For industrial equipment producers (and others that produce similar products) it means that you can improve your performance by taking your design processes and technology to the next level. Taking more disciplined engineering approaches can reap large rewards. One surprising – and important – advantage that the top performers have is the ability to develop more accurate quotes (see the paper for more insight on this topic, it’s pretty eye opening).

So that was a quick peek into some recent research on designing industrial equipment, I hope you found it interesting. Does the research reflect your experiences? Do you see it differently? Let us know what it looks like from your perspective.

Please feel free to review more free research and white papers about PLM and other enterprise software for manufacturers from Tech-Clarity.

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