• Top 5 Ways to Measure Product Innovation, Choosing Metrics to Drive Innovation Performance shares the importance of measuring innovation to improve innovation capability and outcomes. Please enjoy the summary below, or click the report to download a PDF overview (free of charge, no registration required). For the full report, please visit our sponsor, Planview (free of charge, registration required). Why Measure Innovation? Companies know they’ll be rewarded for innovation. They’ve seen that product developers who set the agenda in their market and force their competitors to react have a distinct … [ read more ]

    Top 5 Ways to Measure Product Innovation (white paper)
  • This episode of Tech-Clarity TV explains how food and beverage companies can survive in the digital age as new, agile, innovative companies disrupt their markets.  It shares how these food and CPG companies can use analytics as a competitive tool to better sense and respond to customer needs and gain deeper understanding of their products, processes, and production. This video is part of a series of videos showing how digitalization can help food and beverage companies compete with innovative, digital industry competitors that are disrupting the status quo. The video series is sponsored by Siemens, a … [ read more ]

    The Analytics Opportunity for Food and Beverage in the Digital Age (video)
  • Tech-Clarity’s BOM Management Buyer’s Guide - Boost Performance with Digital BOMs provides criteria for manufacturers to evaluate software solutions to support their Bill of Material and product structure data and processes. Tech-Clarity’s Buyer’s Guides go beyond software functionality to provide a framework of requirements that impact implementation success and long-term ROI, including: Software requirements Implementation Integration User adoption Support Vendor characteristics / attributes Industry or unique business needs Please enjoy the summary below, or click the report to … [ read more ]

    BOM Management Buyer’s Guide
  • This episode of Tech-Clarity TV explains how digital food and beverage companies improve agility, innovation, and productivity through better connectivity between R&D and the plant, streamlined production operations, and analytics. This video is part of a series of videos showing how digitalization can help food and beverage companies compete with innovative, digital industry competitors that are disrupting the status quo. The video series is sponsored by Siemens, a leader in digitalization for the food and beverage industry. For more information, see Tech-Clarity's series of guest posts on how … [ read more ]

    Producing Food and Beverages in the Digital Age (video)
  • How do chemical companies apply digital to the chem lab? Digitalization is streamlining the way companies innovate and bring products to market. Tech-Clarity's Jim Brown will share findings from his research on how chemical companies leverage the digital enterprise to improve efficiency and reduce cost while dealing with mounting regulatory and sustainability pressure. Register for the December 13 webcast (free of charge, registration required). Sponsored by Dassault Systemes BIOVIA. … [ read more ]

    Digitalizing the Chemical Lab (webcast)

Making Product Development Tradeoffs

Share

Tech-Clarity Perspective: Understanding Product Development Trade-offs – Designing Products for Compliance, Cost, and Sustainability presents results from a survey on how companies design their products to meet environmental regulatory compliance, product sustainability, and product cost targets. Shares survey data and perspectives from two leading manufacturers on how they collect data and manage the trade-offs between these important design criteria.

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

Feel free to watch the Related Webcast sponsored by PTC (free of charge, registration required).

Table of Contents

  • Executive Overview
  • The Product Development Balancing Act
  • Barriers and Challenges
  • Design for Environmental Compliance
  • Design for Sustainability
  • Design for Cost
  • Enabling Optimal Design Decisions
  • Enabling Efficient and Effective Data Collection
  • Conclusion
  • Recommendations
  • About the Research
  • About the Author

Executive Overview

Over the last five to ten years, product environmental compliance has become increasingly critical to protecting top line revenue. Now, manufacturers also face emerging sustainability requirements stemming from corporate “green” initiatives, market pressure, scrutiny from NGOs like Greenpeace, emerging customer mandates, and even financial pressure from investors and sources like the Dow Jones Sustainability Index. To remain profitable, companies have to address compliance and sustainability while minimizing the impact on product cost. “We can’t sell a product if it’s not compliant so cost doesn’t enter into the equation for regulatory compliance. Since we are in a business that needs to remain viable, we must thoroughly investigate and assess our voluntary green initiatives with regards to impact to cost in other areas,” explains Kim Braun, an Environmental Compliance Engineer for Microsoft.

Engineers and product developers have to address all of these criteria – compliance, cost, and sustainability – early in the product lifecycle when changes can still be made. Unfortunately, these are not independent criteria. Changes to one aspect can have a dramatic impact on the others. Similar to a juggler spinning plates, product developers have to focus on all aspects at once or they may all come crashing down. To address this, leading companies are building compliance, cost, and sustainability analysis into their design processes. “We try hard to embed it in design excellence and not make it a separate process,” explains the leader of corporate environmental compliance for a leading consumer products company.

To understand the challenges manufacturers face in designing products for environmental compliance, sustainability, and cost, Tech-Clarity surveyed over one hundred companies and interviewed two leading, global manufacturers. The research identified two major themes that hinder companies from optimizing designs:

  • Collecting the right data to make informed decisions
  • Making the information readily available to product developers in time to make decisions

These issues lead to delayed time to market, loss of market share, and high costs. Part of the issue is the fragmented processes and software systems used to support the design process. On the other hand, well designed, integrated enterprise systems can enable product developers to analyze the impact of design decisions and make tradeoffs earlier in the product development process to develop more optimal products. With the right processes in place, systems also help drive efficiency so companies can have a repeatable, cost-effective process to ensure compliance, sustainability, and cost optimization without compromising efficiency or time to market.

 

Speak Your Mind

*