• 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)

Innovating Through an Economic Downturn

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Tech-Clarity Insight: Innovating Through an Economic Downturn – A PLM Action Plan for Small to Mid-Size Manufacturers Facing Difficult Times describes how manufacturers can weather the current, global economic downturn. This paper is intended to help manufacturers develop a strategy to make it through tough times and come out ready to take advantage of the eventual recovery by innovating products and processes along with the inevitable drive to reduce cost.

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

Table of Contents

  • Executive Summary
  • Balancing Short and Long Term Innovation Needs
  • Reductive Innovation (decreasing cost)
  • Product Innovation
  • Process Innovation
  • Enabling Innovation
  • Getting to PLM
  • Conclusion
  • Recommendations
  • About the Author

Executive Summary

Manufacturers today are facing significantly stalled markets as a result of the current, global economic downturn. Many companies are experiencing weak demand and lower sales, and reacting with budget cuts and other efforts to reduce cost. This can have a particularly large impact on small to mid-size manufacturers that have to make difficult trade-offs between product innovation and cost control. During this time, it is important to recognize that despite the reality of reduced budgets, companies that continue to invest in innovation will fare better during the economic downturn and beyond. This paper is aimed at helping companies develop an action plan that both recognizes the difficult reality that most manufacturers face today, and allows them to continue to invest in the future. Keeping these two priorities in mind will help these smaller manufacturers weather the current economic storm but also be prepared to capitalize on emerging markets during the eventual recovery.

Manufacturers with limited budgets and resources have turned to product innovation, product development and engineering process improvement to support this dual strategy and get the most out of existing resources. These leading companies have adopted a strategy that includes a combination of elements, including:

  • Product (and Market) Innovation
  • Reductive Innovation (innovation to reduce cost)
  • Process Innovation

These improvements are the result of thoughtful innovation strategies implemented with enabling Product Lifecycle Management (PLM) technology. Perhaps surprising to some, two of the manufacturers interviewed for this report chose to invest in these technologies during downturns in their business. They used the technology to help drive their recovery and are reaping the rewards today. The conclusions and recommendations of this report highlight practical techniques for other manufacturers to adopt these strategies and technologies, including the importance of adopting a step-by-step approach to improve product innovation performance. This approach, the “PLM Program,” is made up of a series of small, self-sustaining projects – all with positive ROI and rapid payback – that in combination contribute to a broader PLM vision. For mid-sized companies in particular, this incremental approach should allow them to gain the efficiencies and productivity gains they need to make it through the downturn, but also prepare them to respond rapidly to new opportunities that will arise in the recovering economy.

 

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