Making the value of technology clear
% of their time is spent working with outdated information, leading to more wasted effort and rework. One way companies can improve this situation is to provide engineers with real-time access to design data, in the right context. The result should be increased engineering bandwidth so engineers can focus more effort on making products more competitive.
Determining Best Practices
To determine best practices for accessing design information, Tech-Clarity analyzed survey responses from nearly 250 manufacturers to understand how they manage data, communicate engineering changes, and collaborate with both internal and external members of the development team.
The research shows that companies who are most successful, Top Performers, are nearly 2-times more likely to maintain up-to-date models. PDM/PLM makes these real-time updates possible.
What Can You Learn from This Research?
This report explores best practices for streamlining access to design data in real-time. It also exposes some challenges manufacturers should be aware of as they strive to maintain a competitive edge in today's complex and cutthroat environment. The report also reveals how manufacturers can plan for a design environment that will prepare them for long-term competitiveness.
What should you think about when selecting a software solution to support the development of medical devices while considering the Case for Quality and the EU MDR?
Tech-Clarity’s Medical Device Manufacturers' Software Selection Guide helps manufacturers identify the right buying criteria for software solutions to support developing, producing, and servicing medical devices. The guide also includes additional considerations for utilizing the Internet of Things (IoT) and other technological advancements such as augmented reality (AR) and 3D printing. Unique needs for medical device companies are also taken into account in the buyer’s guide, including regulatory compliance and support for the FDA’s Case for Quality and the European Union Medical Design Regulation (EU MDR).
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:
How can the cloud help manufacturers improve product development to drive higher levels of profitability? Tech-Clarity surveyed over 300 companies about cloud product development to find out.
Design Necessities
Cost, quality, and performance are also commonly reported drivers. Our product development research, however, consistently shows that these are market necessities and not necessarily differentiators. Our experience shows that most companies choose to delay product delivery to satisfy quality and performance goals, sacrificing due dates, market speed, and associated leadership opportunities.
Non-Valued-Added Activities Lose Precious Time
Although time is critical, product developers spend a significant amount of time waiting for others and working on non-value-added activities. Survey respondents report waiting for data, waiting for others to finish designs, and the ever-present challenge of finding the data they need to do their jobs. Beyond that, they report losing time attending non-productive meetings.
Technical Resources Waste One-Half of their Time
The amount of wasted time is significant. Respondents report that technical resources such as designers and engineers only spend about 47% of their time directly on product innovation, product development, and engineering. Manufacturers can’t afford this when time is so crucial to profitability. Just imagine the benefits of eliminating these challenges and the impact it would have on product development speed.
Companies need to move fast in product development in order to drive profitability, but currently waste too much time on non-value-added product development activities and suffer from delays. Many of the challenges that hamper product development speed relate to waiting for others. Unfortunately, reliance on others – both internally and externally - is both highly valuable and growing.
Top Performers, however, are more likely to use cloud systems for product development and are better able to collaborate and waste less time than Others. Both Top Performers and companies that use the cloud report much easier collaboration, both internally and more importantly externally. The bottom line is that companies that use the cloud waste less time and are less likely to miss due dates, driving the product development speed that leads to business success and company profitability.
*This summary is an abbreviated version of the research and does not contain the full content. A link to download the full report is available above.
If you have difficulty obtaining a copy of the report, please contact us using the "Contact" link below.
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How do your product innovation processes stack up against your competitors? Against top innovators? What practical steps can you take to improve it? Watch this webcast to understand how to benchmark your digital innovation maturity.
Why are manufacturers pursuing the digital thread? What is the right PLM system to support a digital thread initiative? Jim Brown joins PTC's Jeff Zemsky to share results from Tech-Clarity's recent survey on PLM and the Digital Thread. Jim and Jeff discuss the goals and benefits of the digital thread, followed by requirements to ensure that companies select the right PLM to provide the digital thread backbone.
Register for PTC sponsored the webcast now.
Please also see our related eBook, Choosing the Right Enterprise PLM to Support Digital Thread Initiatives.
*This summary is an abbreviated version of the research and does not contain the full content. A link to download the full infographic is available above.
If you have difficulty obtaining a copy of the report, please contact us using the "Contact" link below.
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How can manufacturers improve their product innovation processes to outperform their competition? Jim Brown shares his perspective on digital transformation for innovation and invites manufacturers to take a free digital innovation assessment in his guest post on the Siemens Thought Leadership Blog.
IT/OT convergence is beneficial and while mindsets must change, today's technologies make it possible to converge plant data.[/caption]
How can plants leverage all of their data more effectively? One foundation is for IT and OT to converge. But that does not have to be far in the future. My guest blog Practical Approaches to IT/OT Convergence discusses why and how to tear down the wall between manufacturing engineering and their operational technology (OT) and IT and their information technology (IT).
For the full post, please visit the Critical Manufacturing blog.
Blog topics:
Lower the Cost of Quality
What’s the cost of poor-quality plastic parts? Tech-Clarity research finds that part quality is critical to product success, yet manufacturing defects in plastic parts is one of the top issues that negatively impacts product competitiveness. Unfortunately, it is hard to avoid manufacturing defects as 96% of surveyed manufacturers report finding them during mold trials. The cost is quite high as manufacturers find
that correcting these defects during the mold trial adds 26% to the total cost of the mold. Imagine if you could lower some of that cost by making better decisions during design to avoid those issues before the mold trial?
This research study, based on a survey of 265 manufacturers, examines common challenges with plastic part and mold design, their impacts, and how to overcome them. The research reveals five best practices to help you ensure your plastic parts will be produced as designed.
Getting Ahead
What's most important to winning your customer’s business? It doesn't matter if you are designing plastic parts or the mold; companies indicate quality, cost, and reliability are most important (see lower graph). Unfortunately, if you don't meet these objectives, not only will you fail to win new business, but the final product will be less competitive.
What Hurts Competitiveness?
If you can't produce plastic parts as designed, the entire product will be less successful. Companies rate manufacturing defects as the top issue to negatively impact competitiveness. Defects can range from cosmetic problems such as flow lines or burn marks to more severe issues that hurt the structural integrity. These problems ultimately gives customers the impression that the product suffers from poor quality.
Other resulting issues include market delays and excess cost. Problems found during the mold trial will contribute to both of these issues as the troubleshooting, reworking of the mold, or part design changes consume both time and budget. During that time, a competitor may beat you to market, or you may have a reduced window of opportunity to collect revenue. Excess costs either cut into profitability or dictate a less competitive price.
Improve Design
These problems reflect poorly on the entire product. Even an exceptional design will not realize its full market potential if the plastic parts give the impression the product is inferior. It’s critical to properly design plastic parts and ensure the mold produces them as designed.
How has one of the largest integrated suppliers to the wood processing industry used the IoT to digitally transform their business and deliver new revenue? Learn how BID Group has improved throughput and performance for their customers by remotely monitoring their equipment through the IoT. Join this interactive IndustryWeek webcast, How BID Group Delivers New Revenue and Customer Value with the IoT, to hear Tech-Clarity's Jim Brown and Bid Group's Sefton Jubenvile discuss IoT remote monitoring goals, value, success, and adoption. Jim will discuss perspectives from Tech-Clarity's recent Service Transformation by Monitoring Customer Equipment eBook and Sefton will share his experience helping transform BID Group into a digital business.
Register for the PTC sponsored IndustryWeek webcast now (registration required).
Synopsis
How can PLM enable manufacturers to streamline engineering and create digital continuity with a cohesive digital thread? What should they look for in a PLM system to support their digital thread initiative? Our new eBook, Choosing the Right Enterprise PLM to Support the Digital Thread, shares survey results analyzing the value of the digital thread and shares requirements to achieve the practices of top-performing companies.
Please enjoy the summary below. For the full report, please visit our sponsor PTC (registration required).
Streamlined Engineering
The digital thread streamlines design by allowing product development teams to share and reuse design data across the stages of innovation. Design continuity along the digital thread allows designers to add their design information to a cohesive design model, directly incorporating and extending design data from prior steps.
Digital Continuity
The digital thread ties product information, decisions, and history together in a structured, integrated way that captures product innovation and knowledge throughout the product lifecycle. It establishes traceability from early in the front end of innovation through development, manufacturing, service, and field operation.
Invest in the Digital Thread
Invest in the digital thread to streamline engineering and create digital continuity. Top Performers are 2.6 times as likely to view the digital thread as critical to supporting their business strategy.
Extend the Thread across the Lifecycle
Adopt a comprehensive scope that incorporates cross-departmental data. Top Performers are more likely to include manufacturing, quality, and service plans in the scope of their digital thread, and enrich it with actual data from the IoT.
Leverage PLM as the Digital Manufacturing Backbone
Adopt PLM to support the digital thread. Top Performing companies are 2.4 times as likely to view PLM as critical to supporting the digital thread and are much more likely to use PLM to support the digital thread.
Enjoy the Benefits
The digital thread provides significant, measurable benefits including, increased engineering efficiency, improved quality, faster time to market, enhanced innovation, and better compliance. Top Performers gain even higher benefits than others. For example, these more successful product developers enable their technical resources to spend 27% more time, on average, on value-added activities than their poorer performing counterparts.
*This summary is an abbreviated version of the research and does not contain the full content. A link to download the full report is available above.
If you have difficulty obtaining a copy of the report, please contact us using the "Contact" link below.
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What should manufacturers look for in a solution to digitalize and transform service through IoT remote monitoring? What can they do to change the relationship they have with their products and customers to increase business value for themselves and those using their products?
Join this interactive webcast, How to Select the Right Digital Transformation Solution, to hear Tech-Clarity's Jim Brown and PTC's Jon Kadane discuss IoT remote monitoring goals, value, and adoption requirements. Jim will discuss perspectives from his recent Service Transformation by Monitoring Customer Equipment eBook and Jon will share related experience working with customers.
Register for the PTC sponsored webcast replay now (registration required).
Synopsis
Julie Fraser here, and if you came in through Iyno Advisors, let me explain why I’m so excited to be part of Tech-Clarity now.
Is your company prepared to respond to the critical business issues facing the high-tech industry? What key issues must your business prepare for in this fast paced high-tech market?
Tech-Clarity’s Solving High-Tech’s Top Six Critical Business Issues eBook identifies the top six critical business issues that high-tech companies should address. This will help them respond to market disruption and to stay relevant. As new technologies such as 5G, artificial intelligence, machine learning, quantum computing, and others create opportunities for innovation, there is even more pressure on development teams. The pace of innovation is so fast, high-tech development teams cannot afford to be hindered by process bottlenecks.. This eBook provides recommendations and guidance to enable greater agility to help high-tech companies stay competitive.
Please enjoy the summary* below. For the full report, please visit our sponsor SOLIDWORKS (registration required).
Technology Is Disruptive
Imagine all the ways technology has impacted our lives. It can be mind-boggling. Just think, how many high-tech products do you rely on every day that didn’t even exist not so long ago? Can you imagine life without the internet, smart phones, or a GPS? Not only are those relatively newer technologies commonplace, they’ve led to numerous other high-tech businesses, many of which have been disruptive.
It Is Hard to Stay Relevant
It is hard to believe today’s high school students don’t remember a world without the iPhone or have no concept of waiting to develop film after a family vacation. At the same time, some of today’s hottest products will eventually meet the same fate as the Walkman and VHS player, products we could not live without in the 80s, but are completely irrelevant today. In the high-tech industry, if you are unable to rapidly respond to today’s critical business issues, you risk becoming tomorrow’s Palm, the first company to produce personal digital assistants (PDAs), but it did too little, too late to maintain its market share. Interestingly, a study conducted by Innosight projects that nearly 50% of the current S&P 500 will be replaced over the next decade. Consequently, high-tech companies should take the right steps now to avoid that fate.
Implement Solutions for Today’s Critical Business Issues
The number of companies expected to fail highlights that too many companies rely on their current success. They avoid putting solutions in place for today’s critical business issues. Unfortunately, old approaches that helped you get by in the past, may no longer be enough. The significant competitive pressure leaves little room for missteps, so it is critical that you address these important issues to position your company to win.
Another key trend is that products are becoming smarter and more connected. Product intelligence requires more engineering disciplines, making collaboration across the team critical, especially to overcome the inherent silos within engineering disciplines.
Ignoring this trend is not an option as 50% of high-tech companies report they will lose market share if they don't make their products smarter, and 50% also say they will lose revenue. Further, high-tech companies also feel pressure to make products connected. As can be seen in the graph, 57% of high-tech companies say it is a competitive response which means it is a trend they can not ignore because their competitors are already looking at connectivity. However, while connectivity will make them more competitive, it adds to the complexity and extends the need for excellent collaboration
Tech-Clarity is pleased to announce that we are expanding our research team and extending our coverage to manufacturing operations software! Industry veteran and long-time research analyst Julie Fraser joins Tech-Clarity as Vice President of Research, Manufacturing Software. Julie brings with her a wealth of depth in manufacturing, scheduling, quality, maintenance, and smart manufacturing. Please visit Julie's bio page for more on her background.
As a team, we look forward to expanding and deepening our coverage of software across the manufacturing lifecycle. New technologies are emerging and existing technologies are converging, allowing manufacturers to digitally transform their business. Leading manufacturers are eliminating the gaps between product innovation, product development, engineering, manufacturing, and service. Today's leading software vendors are expanding their product portfolios to support this trend, developing comprehensive solution portfolios across the product lifecycle. Product Innovation Platforms offering CAD, CAE, PDM, and PLM are aligning and integrating much more closely with manufacturing operations solutions including MES / MOM, QMS, and more. "This is a strategic move," explains Jim Brown, President and Founder of Tech-Clarity. "As manufacturers integrate engineering and manufacturing operations, it's important for us to cover a broader perspective of the manufacturing and engineering systems landscape. Julie brings great experience and credibility, we are excited to have such a proven analyst join our team to help continue our mission of making the value of technology clear.”
Julie’s research focus will include smart manufacturing, Industry 4.0, manufacturing, quality, maintenance, scheduling, and related technologies. Please follow Julie on Twitter and join our mailing list to read Julie’s research.
For more information or to schedule a briefing please feel free to contact us.
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Julie Fraser is the Vice President of Research for Operations and Manufacturing for research firm Tech-Clarity. She covers Industry 4.0, Smart Manufacturing, MES/MOM, QMS, APS, APM/CMS, IIoT, AR/VR, other technologies and solutions for manufacturing.
Julie has over 25 years as an industry analyst in addition to experience in marketing and strategy (Berclain/Baan, now Infor) and editorial roles for computer and technology publications. She worked as an assembler over college summers and that got her hooked on manufacturing. She has a BA in German and French, Magna cum laude, Phi Beta Kappa, from Lawrence University in Wisconsin. She is also a certified business change agent and conscious business ambassador.
Julie’s current areas of research include the realities of moving Industry 4.0 from vision to reality; the role of MES/MOM in the new landscape; incremental vs. transformational change in manufacturing; approaches to empower plant workers and their leaders; IT/OT convergence; personalized and local manufacturing; and more. She is fascinated by the organizational, cultural and personal transformations required to drive success with new technology and approaches to manufacturing.
Julie is a certified yoga and meditation teacher. When she’s in love with life, good things like the opportunity to work for Tech-Clarity come at the right time.
Simulation for design engineers can be a powerful tool to provide directional insight and guide design decisions. But, are your design engineers using the right tool?
When design engineers use the right simulation tool, they can save your company time and lower the cost of innovation. However, the wrong tool can make it significantly harder to realize the potential value. Tech-Clarity’s 6 Issues to Avoid in a Simulation Tool for Design Engineers checklist identifies what a company should avoid when looking for a simulation tool for design engineers.
To learn more, please see the full infographic from our sponsor PTC (no registration required).
For more information, see the related Simulation Buyer’s Guide.
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How can equipment manufacturers transform their customer and equipment relationships to drive greater value for themselves and their customers? Digital service transformation by monitoring equipment via the IoT holds the key to improving service, satisfaction, and customer success.
Please enjoy the summary below. For the full eBook, please visit our sponsor PTC.
Digital Transformation is Critical
Equipment manufacturers are making major business improvements by digitally transforming customer relationships using the Internet of Things (IoT). They’re moving beyond selling a machine to providing ongoing value throughout the life of their product.
Service transformation lowers costs and drives more service revenue. Some companies expand on this value, exploring new business models like selling outcomes versus products or shifting to a predictive service model.
Become a Strategic Partner
Beyond direct financial benefits, digitalizing service allows manufacturers to become a strategic partner by increasing the value their customers gain from their equipment, improving both customer satisfaction and success.
Start with Remote Monitoring
The most common (and achievable) first step is remotely monitoring your equipment in customers’ facilities. This gives you the real-time information you need to quickly identify issues and fix equipment more efficiently, improving service and reducing cost while also supporting high customer productivity.
This eBook shares suggestions on what equipment producers can do to get their machines connected, start gathering data, and put the data to use to improve customer service, satisfaction, and success. Let’s get started!
Get Started
Remote equipment monitoring lets companies reduce service cost, increase service revenue, develop stronger customer relationships, and start the transition to proactive and predictive service. It also increases a company’s value as a strategic partner by allowing them to improve their customers’ productivity. It’s time to get started to improve value for your company and your customers.
*This summary is an abbreviated version of the research and does not contain the full content. A link to download the full report is available above.
If you have difficulty obtaining a copy of the report, please contact us using the "Contact" link below.
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Why should manufacturers make the cloud transition for product innovation and engineering solutions like CAD, Simulation, and PLM? Our research shows it's not what you think.
How can a company better utilize engineers’ time?
Today's market is hyper competitive; it is hard to stand out. To be successful, companies must empower their engineering teams to focus on product innovation, quality, performance and cost. Balancing those key criteria is challenging enough, but made even more challenging as engineers report they waste a third of their time on non-value added work. Tech-Clarity’s How-To Guide: Avoid Non-Value Added Work For Engineers explores how to overcome this challenge. Based on a survey of nearly 250 manufacturers, the report reveals best practices for managing data, communicating engineering changes, and collaborating with internal and external members of the development team. Together, these practices will help engineers focus more of their effort on making products more competitive.
Please enjoy the summary* below. For the full report, please visit our sponsor Dassault Systèmes (registration required).
% of their time is spent working with outdated information, leading to more wasted effort and rework. One way companies can improve this situation is to provide engineers with real-time access to design data, in the right context. The result should be increased engineering bandwidth so engineers can focus more effort on making products more competitive.
Determining Best Practices
To determine best practices for accessing design information, Tech-Clarity analyzed survey responses from nearly 250 manufacturers to understand how they manage data, communicate engineering changes, and collaborate with both internal and external members of the development team.
The research shows that companies who are most successful, Top Performers, are nearly 2-times more likely to maintain up-to-date models. PDM/PLM makes these real-time updates possible.
What Can You Learn from This Research?
This report explores best practices for streamlining access to design data in real-time. It also exposes some challenges manufacturers should be aware of as they strive to maintain a competitive edge in today's complex and cutthroat environment. The report also reveals how manufacturers can plan for a design environment that will prepare them for long-term competitiveness.
How can a company better utilize engineers’ time? Today’s market is hyper competitive; it is hard to stand out. To be successful, companies must empower their engineering teams to focus on product innovation, quality, performance and cost. Balancing those key criteria is challenging enough, but made even more challenging as engineers report they waste a…
What should you think about when selecting a software solution to support the development of medical devices while considering the Case for Quality and the EU MDR? Tech-Clarity’s Medical Device Manufacturers’ Software Selection Guide helps manufacturers identify the right buying criteria for software solutions to support developing, producing, and servicing medical devices. The guide also…
How can the cloud help manufacturers improve product development to drive higher levels of profitability? Tech-Clarity surveyed over 300 companies about cloud product development to find out. The Cloud Improves Product Development Speed and Collaboration Researchers discovered that product development speed drives profitability, but that today’s status quo hampers time to market because product development…
How do your product innovation processes stack up against your competitors? Against top innovators? What practical steps can you take to improve it? Watch this webcast to understand how to benchmark your digital innovation maturity. Benchmark Your Digital Innovation Maturity This webcast shares definitions and details about the four pillars of digital innovation maturity: Digital…
Why are manufacturers pursuing the digital thread? What is the right PLM system to support a digital thread initiative? Jim Brown joins PTC‘s Jeff Zemsky to share results from Tech-Clarity’s recent survey on PLM and the Digital Thread. Jim and Jeff discuss the goals and benefits of the digital thread, followed by requirements to ensure…
How can engineers avoid wasting precious design time on non-value-added data management tasks? Take a look at our new infographic Avoiding Time Wasters in CAD Design to see a graphical representation of our research. The “CAD Design Challenge” turns design into a board game that highlights key time wasters in design and the best practices…
How can manufacturers improve their product innovation processes to outperform their competition? Jim Brown shares his perspective on digital transformation for innovation and invites manufacturers to take a free digital innovation assessment in his guest post on the Siemens Thought Leadership Blog. Top Innovators have Digitally Transformed Innovation Product innovation requires inspiration and a conducive…
How can plants leverage all of their data more effectively? One foundation is for IT and OT to converge. But that does not have to be far in the future. My guest blog Practical Approaches to IT/OT Convergence discusses why and how to tear down the wall between manufacturing engineering and their operational technology (OT)…
What’s the cost of poor-quality plastic parts? How can you avoid that cost? Findings from Tech-Clarity’s eBook, How-to Guide for Designing and Molding Better Plastic Parts reveal that 96% of surveyed manufacturers report finding manufacturing defects during mold trials. Highlighting why that’s so painful, manufacturers report that correcting these defects during the mold trial adds…
How has one of the largest integrated suppliers to the wood processing industry used the IoT to digitally transform their business and deliver new revenue? Learn how BID Group has improved throughput and performance for their customers by remotely monitoring their equipment through the IoT. Join this interactive IndustryWeek webcast, How BID Group Delivers New…
How can PLM enable manufacturers to streamline engineering and create digital continuity with a cohesive digital thread? What should they look for in a PLM system to support their digital thread initiative? Our new eBook, Choosing the Right Enterprise PLM to Support the Digital Thread, shares survey results analyzing the value of the digital thread…
What should manufacturers look for in a solution to digitalize and transform service through IoT remote monitoring? What can they do to change the relationship they have with their products and customers to increase business value for themselves and those using their products? Join this interactive webcast, How to Select the Right Digital Transformation Solution,…
Julie Fraser here, and if you came in through Iyno Advisors, let me explain why I’m so excited to be part of Tech-Clarity now. Focus on making the business value of technology clear Greater visibility in the market and more activity on the website Better capabilities to conduct original research Broader focus on the full…
Is your company prepared to respond to the critical business issues facing the high-tech industry? What key issues must your business prepare for in this fast paced high-tech market? Tech-Clarity’s Solving High-Tech’s Top Six Critical Business Issues eBook identifies the top six critical business issues that high-tech companies should address. This will help them respond…
Tech-Clarity is pleased to announce that we are expanding our research team and extending our coverage to manufacturing operations software! Industry veteran and long-time research analyst Julie Fraser joins Tech-Clarity as Vice President of Research, Manufacturing Software. Julie brings with her a wealth of depth in manufacturing, scheduling, quality, maintenance, and smart manufacturing. Please visit…
Julie Fraser is the Vice President of Research for Operations and Manufacturing for research firm Tech-Clarity. She covers Industry 4.0, Smart Manufacturing, MES/MOM, QMS, APS, APM/CMS, IIoT, AR/VR, other technologies and solutions for manufacturing. Julie has over 25 years as an industry analyst in addition to experience in marketing and strategy (Berclain/Baan, now Infor) and…
Simulation for design engineers can be a powerful tool to provide directional insight and guide design decisions. But, are your design engineers using the right tool? When design engineers use the right simulation tool, they can save your company time and lower the cost of innovation. However, the wrong tool can make it significantly harder…
How can equipment manufacturers transform their customer and equipment relationships to drive greater value for themselves and their customers? Digital service transformation by monitoring equipment via the IoT holds the key to improving service, satisfaction, and customer success. Please enjoy the summary below. For the full eBook, please visit our sponsor PTC. Table of Contents*…
Why should manufacturers make the cloud transition for product innovation and engineering solutions like CAD, Simulation, and PLM? Our research shows it’s not what you think. Cloud Transition is a Means to an End The decision on cloud timing varies based on each company’s scenario. The first step in the transition is to understand what…
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