Making the value of technology clear
[post_title] => Better Requirements Management to Save Your Bottom Line (Webcast)
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[post_content] => Did you know that 9.9% of every dollar spent on projects is wasted due to poor project performance?
This startling statistic comes from research done by the Project Management Institute (PMI), published in their 2018 Pulse of the Profession® report. In a guest post on the Siemens Solid Edge blog, Michelle Boucher outlines some key reasons why a requirements management solution can help improve the performance of product development projects so that you can minimize or even avoid some of the challenges that contribute to wasted budget.
What challenges do manufacturers encounter when working with contract manufacturers? What should they do to reduce the frustration and streamline the relationship?
Jim Brown introduces five questions you may find yourself asking if you're working with a CMO, CDMO, or other supply chain partners and then offers recommendations based on our experience and research in this guest post on the upchain blog. Read the CM Conundrum post on the upchain site now (no charge, no registration required).
What should manufacturers look for when it’s time to replace their outgrown PDM system? Our research shows a high correlation between elevated business performance and strong product data management capabilities. Unfortunately, we find many manufacturers have already stretched the limits of what their basic Product Data Management (PDM) system can do. In most cases, it meets fundamental CAD management or engineering document management needs, but falls short beyond keeping data in control. What should they look for in a replacement PDM solution?
This eBook shares the Top Ten signs you've outgrown your PDM system and then shares requirements to use as the basis for selecting an extended PDM solution to Control, Access, and Share product data. Like our other Buyer's Guides, we look beyond software requirements to the other elements that help companies get value from their solutions, including criteria to consider for implementation, adoption, service, and vendor selection. This guide also covers special needs including advice for smaller and larger manufacturers and shares considerations for addressing some specific industry needs and supporting the transition to the digital enterprise.
Click here for our full Buyer's guide, thank you to our sponsor PTC.
Please also see our Upgrading to PLM when PDM Falls Short buyer's guide.
Understanding the Buyer’s Guide Structure
Like our other buyer’s guides, we go beyond functional requirements to address implementation, adoption, vendor partner, and special considerations. We also touch on another recommendation from our PDM guide, specifically how manufacturers can make sure they don’t hit another dead end with their new system as they evolve to become a more digital enterprise.
Manufacturing is going through a significant, digital transformation that's disrupting the industry status quo. Companies are investing in digital transformation, smart manufacturing, Industry 4.0, Internet of Things (IoT), and other related initiatives. What are they prioritizing? And, what are they actually taking action on? Tech-Clarity surveyed over 130 manufacturers to find out. The report analyzes companies strategic priorities including Industry 4.0, IoT, IIoT, Digital Twin, Digital Thread, Augmented Reality (AR), and Virtual Reality (VR). It also investigates how they're executing against them as an enterprise including:
PLM’s Role in Supporting Digital Transformation
The survey also investigates how Product Lifecycle Management (PLM) supports these strategic manufacturing initiatives. The study finds that PLM not only provides strategic value to existing operations, but also maps well to the manufacturers’ strategic initiatives. This reflects PLM’s importance as the backbone of the digital manufacturing enterprise.
Uncertainty Surrounds Digital Twin and Digital Thread
Manufacturers appear to be unclear about the value of Digital Twin and Digital Thread initiatives. For each, more than one-quarter of respondents claim that they don’t know how important these initiatives are to their business. These are both newer concepts, or at least more prevalently discussed today. Manufacturers should educate themselves on the potential of these important initiatives and explore the value. Lastly, responses to AR / VR value likely reflect that they are more enablers than strategies by themselves.
Budget
Digital Transformation is more likely than the other initiatives to have a formal budget. Other initiatives with budgets in one-half or more of responding companies include Industry 4.0 and IoT.
Sponsorship
The CEO / Board are more focused on Digitalization than other programs. There is more focus a level down at the VP / C-Level on additional items including Industry 4.0 and IoT. Most initiatives, however, are more likely to be sponsored by mid-level managers / directors.
Execution Responsibility
Digital Transformation and Industry 4.0 are the most likely to be executed by cross-functional teams. Other initiatives are more likely to be executed at a departmental level.
PLM is seen as a major contributor to achieving digital transformation. PLM can provide the digital backbone, providing product context for data. It’s also a contributor to the two less strategically viewed (and understood) initiatives, the Digital Twin and the Digital Thread. PLM can help track product development history, tie data together from step to step, and provide the product details needed to enable a complete digital twin, including revisions and configurations.
PLM Important to Support Industry 4.0
PLM is also a significant contributor to another big priority, Industry 4.0, although it’s identified as more “significant” than “critical.” This is likely because Industry 4.0 requires an ecosystem of solutions including MES (Manufacturing Executing Systems).
IoT and IIoT Leverage PLM as Part of an Ecosystem
IoT and IIoT are very broad initiatives, where PLM can play an important role by providing product information in a much larger context. The data, and experience, shows that IoT requires more than PLM. Supporting these initiatives requires analytics, dashboards, equipment communication, edge computing, ties to other enterprise systems, and more. Many leading PLM vendors have expanded their suites beyond traditional PLM for this reason.
How can manufacturers extend their PLM investments to gain higher levels of business value? The new 5 Ways to Get More Business Value from Your PLM System offers practical approaches for companies to leverage their existing Product Lifecycle Management investment to improve top-line and bottom-line performance, including tips gained from two leading manufacturers.
Please enjoy the summary below. For the full report, please visit our sponsor Razorleaf (no charge, registration required).
Even if your company has already gone beyond the basics, it’s likely that changes in your business have opened up opportunities that weren’t considered earlier. Beyond that, the manufacturing industry’s shift to the digital enterprise offers compelling new opportunities that can expand PLM value including IoT, Digital Twin, Augmented Reality (AR), and more. There are proven ways to do it. Let’s explore how your company can leverage what you have to do more.
In this on-demand webcast, Tech-Clarity's Michelle Boucher interviews Caroline Byrd, regulatory expert at Abbott, about the steps Abbott has taken to prepare product data for EU MDR compliance. They discuss:
[post_title] => EU MDR: How Abbott is Getting Their Digital House In Order (webcast)
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How can manufacturers improve OEE with IoT Analytics? How can they leverage IoT and IIoT data to drive higher performance and extend the advantages they've gained from Six Sigma and other productivity improvement programs? Improving Manufacturing Performance with IoT Analytics takes a look at how to improve Operational Equipment Effectiveness through digitalization. Specifically, the report looks at how analytics can help reduce the Six Big Losses of OEE.
Please enjoy the summary below (no charge, no registration required).
For the full report, please visit our sponsor PTC (no charge, registration required).
The Internet of Things (IoT) is a critical component of digitalization in the plant, helping companies connect with production assets to better monitor how they perform. Beyond gathering data, manufacturers can leverage advanced analytics to gain real intelligence about plants and production to improve operations, driver higher performance, and guide continuous improvement.
Justifying IoT Analytics Investments
For some companies, leveraging the Industrial IoT (IIoT) is simply a strategic “must do.” For others, they have to cost justify it. This eBook offers a framework to develop an ROI for IoT investments using a common manufacturing metric, Overall Equipment Effectiveness (OEE).
Analyzing improvement potential by OEE allows companies to determine potential savings in the context of the plant. The framework shows how companies can use the IoT and analytics to reduce the “Six Big Losses of OEE” and tangibly improve the three components of OEE – Availability, Performance, and Quality. Manufacturers can compare these improvement opportunities to the investment required to achieve them in order to calculate an ROI.
Hear from Tech-Clarity's Michelle Boucher and Dora Smith, Senior Director of Siemens PLM's Global Academic Program, as they discuss the required skills for new engineering graduates to be successful on today's product development teams. This 25 minute interactive discussion reveals research findings such as:
[post_title] => Closing the Engineering Skills Gap (webcast)
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How can manufacturers expand their PLM implementation to get more value from their Product Lifecycle Management system? Join this webcast to hear Jim Brown shares his perspective and research, including interviews with two manufacturers that have gone beyond their initial PLM footprint.
Implementing PLM successfully is more of a journey than a destination. In a recent study, Tech-Clarity interviewed companies using PLM and found 5 Ways businesses are extracting more value from their PLM investment.
Join us on October 30th at 12PM EDT on a Live Webinar where Jim Brown of Tech-Clarity will reveal his findings: 5 Ways to Get More Business Value from your PLM System.
Learn how to:
What do leading industry analysts think about Siemens PLM strategy and execution? Industry analyst Allan Behrens of Taxal hosted a discussion about Siemens PLM with two other analysts, Monica Schnitger of Schnitger Corp and Tech-Clarity's Jim Brown. The Disruptive presentation was a unique glimpse at industry watchers (trying not to call ourselves "experts") sharing our key takeaways from an invitation only analyst and press event. It's always a pleasure to speak with Monica and Allan, and it was great to hear that each of us focus on the business value of the technology as opposed to the technology itself. That was a great fit for the conference, which Siemens organized by business initiative instead of their software product lines (a winning approach, in all of our opinions).
So...
Tech-Clarity was commissioned by Planview to conduct their 6th Annual Product Portfolio Management Benchmark Survey, titled The Business Transformation Required to Innovate in the Digital Era. The survey evaluated trends in managing product portfolios including challenges, processes, and technologies used to make portfolio decisions. Tech-Clarity applied our performance banding methodology to determine what Top Performers do differently than others to achieve better production innovation results. This report also includes a new perspective on the impact of the digital transformation and resulting complexity on portfolio management.
Please see the report on Planview's site (no charge, registration required).
You can also view Tech-Clarity's executive summary with some key findings on our site.
[post_title] => Sixth Annual Product Portfolio Management Benchmark Study
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[post_date] => 2018-10-08 09:32:28
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How can manufacturers survive when they can't consolidate on a single CAD format? Is that even a possibility? Given the unavoidable reality of multi-CAD, let's see if there's a better way to manage the mayhem without spending so much non-value-added time. This eBook shares our perspective on the most practical way to manage designs created by different CAD systems. We also share the experience of two manufacturers, Steelcase and KMP Drivetrains, that successfully address this challenge every day based on the realities of their businesses.
Please enjoy the summary below.
For the full report please visit our sponsor, Autodesk (no charge, registration required).
Multi-CAD leads to significant non-value-added work. Given the unavoidable reality of multi-CAD, there should be a better way to manage the mayhem without wasting so much time. Let’s take a look.
The Business Value of Native CAD with Associativity
Native CAD with associativity allows companies to develop seamless design workflows regardless of format and adapt quickly to changing designs. It allows companies to embrace collaboration with others regardless of their tool of choice. It can also open up your own ability to embrace new CAD solutions (including cloud options) without worrying about leaving your IP behind.
*This summary is an abbreviated version of the report 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.
[post_title] => The CAD Interoperability Survival Guide (eBook)
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Tech-Clarity research shows that the majority of manufacturers believe that digitalization is important or critical to achieving their business strategy (see figure). Over one-third say that it’s critical. Digitalization in medical device design and manufacturing has significant promise, but what does it actually mean?
Medical device companies, already struggling with how to address critical initiatives like UDI and the Case for Quality, are inundated with information about “digitalization” accompanied with a host of buzzwords including Digital Twins, Digital Threads, and more. How do they really apply to the design, approval, production, and lifecycle management of medical devices? We’ll try to put it into practical terms.
One of the key contributors to the digital thread is the Digital Twin. The digital twin has multiple definitions, but it starts at the core as a complete, digital model of the device. It incorporates a holistic view of the design to a level of granularity that companies can accurately simulate and predict device performance and behavior. There is clear overlap with the digital thread in this part of the definition.
The value of the digital model for medical device companies is a cohesive view of the device. It allows people from various disciplines to contribute their part of the design and see it in the context of the whole product. It allows engineers to analyze and optimize performance early in the product lifecycle, catching errors and improving performance in silica before physical prototypes are developed. As regulatory bodies get more comfortable with simulation data, the digital twin may also play a big part in reducing the length and cost of clinical trials. The digital thread also delivers quality management and regulatory value including the development of the DMR.
The final piece of the puzzle we’ll discuss today is data analytics. Life sciences companies have been using analytics in multiple aspects of their business for quite some time. The digitalization of the underlying information in the design, engineering, manufacturing, and use of the device dramatically expands the opportunities. Companies now have a much broader data set to analyze and transform into intelligence.
Medical device companies can leverage big data analytics in conjunction with the digital twin and digital thread to identify trends and correlations previously hidden in non-digital or non-integrated data sets. Analytics can be used in multiple phases of the device lifecycle, from identifying process control parameters drifting toward spec limits to analyzing adverse event data in the field. This can make existing processes better, for example being able to more quickly identify root causes for CAPAs. It can also support newer requirements like post market surveillance in the EU and the upcoming shift to focusing on patient outcomes. It can also benefit patients, for example predictive analytics may be able to identify potential failures prior to their occurrence and prevent adverse events. Finally, additional insights may create a new source of innovation that leads to new and better treatment options.
Key takeaways include:
How can companies improve service and gain tangible ROI by remotely monitoring equipment using the IoT? This buyer's guide offers practical advice for companies starting their remote monitoring journey to transform the way they service their equipment whether it's on site, in the field, or at a customer location. At the same time, it offers recommendations to ensure that early projects build a foundation for future machine monitoring and Internet of Things value. As usual, this guide helps companies set functional requirements for their solution, but also addresses implementation, adoption, and partner criteria that help ensure companies get value from their solutions today and well into the future.
Please enjoy the summary below. For the full Buyer's Guide, please visit our sponsor PTC (no charge, registration required).
The most common way that companies gain tangible ROI from IoT is through improved service. The IoT lets companies transform service to generate more – and more profitable – service revenue. They do this by moving from reactive to proactive to predictive service, and leveraging advanced technologies like AI, machine learning, and big data analytics. They can also adopt new service delivery processes like remote service. But the most common first step is reducing cost of service through remote monitoring.
This guide briefly shares the tangible, practical first steps companies can take to improve service through IoT remote equipment monitoring and how IoT Platforms help deliver the value. Then, the majority of the buyer’s guide focuses on the important requirements companies must consider to ensure a successful initiative.
Leveraging the IoT can help companies improve service for themselves and their customers by reducing cost and transitioning to proactive and predictive service. Remote monitoring allows companies to identify and resolve issues remotely, providing faster service and increased uptime for the customer while reducing the cost of truck rolls and putting service technicians on site. It can go beyond cost savings to create a new source of revenue from paid upgrades or remotely enhancing equipment capabilities or permissions by “unlocking” enhanced capabilities via a subscription.
*This summary is an abbreviated version of the report 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.
[post_title] => Improving Service with IoT Remote Monitoring (Buyer's Guide)
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How do Top Performers in the chemical industry leverage digitalization in the chemical lab to overcome their innovation struggles? A Tech-Clarity survey shows that chemical companies face a myriad of innovation-related challenges including cost pressure, sustainability, more customer-driven products, and specialized / performance materials. This infographic provides a graphical snapshot of the research sharing that Top Performers are more than three times more likely to have a fully digital lab than their lesser performing competitors. While few have fully digital labs, the benchmarks show that increased digital maturity in the laboratory leads to better innovation and product development performance.
Please enjoy an excerpt of the infographic below, thanks to our sponsor Dassault Systèmes BIOVIA. For more information on the report, you can read a summary of the underlying research report on our site.
For the full infographic and research report and more information, please visit our sponsor Dassault Systèmes BIOVIA and click on the report or infographic in the Resource Center on the right (no charge, no registration required).
*This summary is an abbreviated version of the report and does not contain the full content. Links to download the full infographic and underlying repport are 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 companies manage their portfolios and product development processes in order to more reliably hit their product innovation and commercialization challenges? How does digital transformation raise the bar on product portfolio management? Tech-Clarity was commissioned by Planview, Inc. to conduct their Sixth Product Portfolio Management Benchmark Study to find out. The research uncovered five best practices that Top Performers follow more frequently than others, resulting in their higher performance in revenue growth, profit margin expansion, and percent of sales from new products than their competitors. The survey also took a hard look at how digitalization impacts product planning and development, and finds that the transition to smarter, more connected products makes current PPM challenges worse.
In summary, the best practices identified by the benchmarks research show that Top Performers are more likely to:
How can engineers be productive and innovate when suppliers, customers, other departments, and even different design teams use a variety of CAD tools? This webcast shares how CAD interoperability helps companies survive when multi-CAD is simply the reality they live with every day. The webinar shares customer stories and best practices from our recent eBook and includes a number of options that companies can consider to help manage the mayhem. In addition, Autodesk will share how their customers leverage associative interoperability of non-native CAD to help make product development more efficient, even when designs inevitably change.
Register for the Machine Design webcast (no charge, registration required).
Well if it does, you are not alone. CAD interoperability challenges communicating with customers, suppliers and internally is a real beast and leads to significant non-value added work. In this webinar we will discuss the unavoidable reality of multi-CAD and ways to manage the mayhem without wasting so much time and actually thriving!
In this webinar we will cover:
How can Aerospace and Defense companies leverage the cloud to improve innovation, engineering, and manufacturing across the product lifecycle? We surveyed over 250 companies and analyzed the progress, plans, and success factors for supporting product innovation with cloud solutions of over 70 of these companies that serve the A&D industry. The research analyzes both challenges faced and benefits achieved by A&D companies using cloud-based applications. The eBook shares implementation, adoption, operational, and business benefits of cloud systems and how they impact today's digital A&D manufacturer. The report also touches on some specific topics including the use of cloud standards and audits to help mitigate security risk and how cloud platforms enable value-added services in the context of innovation tasks.
Please enjoy the summary below for no charge.
For the full report, please visit our sponsor Dassault Systèmes (no charge, registration required).
You can also watch our Tech-Clarity TV episode sharing the research highlights here.
A&D is (Generally) Open to the CloudDuring this on-demand webinar, Tech-Clarity's Michelle Boucher and Anshuman Prakash from Siemens share perspectives on better requirements management. They also provide advice to make the process easier. During the webinar, you will learn:
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Does your company excel at meeting and managing product requirements? If not, this webinar will help you develop better requirements management practices. During this on-demand webinar, Tech-Clarity’s Michelle Boucher and Anshuman Prakash from Siemens share perspectives on better requirements management. They also provide advice to make the process easier. During the webinar, you will learn:…
Did you know that 9.9% of every dollar spent on projects is wasted due to poor project performance? This startling statistic comes from research done by the Project Management Institute (PMI), published in their 2018 Pulse of the Profession® report. In a guest post on the Siemens Solid Edge blog, Michelle Boucher outlines some key reasons why…
What challenges do manufacturers encounter when working with contract manufacturers? What should they do to reduce the frustration and streamline the relationship? Jim Brown introduces five questions you may find yourself asking if you’re working with a CMO, CDMO, or other supply chain partners and then offers recommendations based on our experience and research in…
What should manufacturers look for when it’s time to replace their outgrown PDM system? Our research shows a high correlation between elevated business performance and strong product data management capabilities. Unfortunately, we find many manufacturers have already stretched the limits of what their basic Product Data Management (PDM) system can do. In most cases, it meets…
Manufacturing is going through a significant, digital transformation that’s disrupting the industry status quo. Companies are investing in digital transformation, smart manufacturing, Industry 4.0, Internet of Things (IoT), and other related initiatives. What are they prioritizing? And, what are they actually taking action on? Tech-Clarity surveyed over 130 manufacturers to find out. The report analyzes…
How can manufacturers extend their PLM investments to gain higher levels of business value? The new 5 Ways to Get More Business Value from Your PLM System offers practical approaches for companies to leverage their existing Product Lifecycle Management investment to improve top-line and bottom-line performance, including tips gained from two leading manufacturers. Please enjoy…
If you are in the medical device industry, are you prepared for the EU MDR? In this on-demand webcast, Tech-Clarity’s Michelle Boucher interviews Caroline Byrd, regulatory expert at Abbott, about the steps Abbott has taken to prepare product data for EU MDR compliance. They discuss: Significant changes between the MDD and MDR How to prioritize…
How can manufacturers improve OEE with IoT Analytics? How can they leverage IoT and IIoT data to drive higher performance and extend the advantages they’ve gained from Six Sigma and other productivity improvement programs? Improving Manufacturing Performance with IoT Analytics takes a look at how to improve Operational Equipment Effectiveness through digitalization. Specifically, the report…
How can you strengthen your engineering team with new hires who have the required engineering skills to quickly become productive members of the team? Hear from Tech-Clarity’s Michelle Boucher and Dora Smith, Senior Director of Siemens PLM’s Global Academic Program, as they discuss the required skills for new engineering graduates to be successful on today’s…
How can manufacturers expand their PLM implementation to get more value from their Product Lifecycle Management system? Join this webcast to hear Jim Brown shares his perspective and research, including interviews with two manufacturers that have gone beyond their initial PLM footprint. Implementing PLM successfully is more of a journey than a destination. In a recent…
What do leading industry analysts think about Siemens PLM strategy and execution? Industry analyst Allan Behrens of Taxal hosted a discussion about Siemens PLM with two other analysts, Monica Schnitger of Schnitger Corp and Tech-Clarity’s Jim Brown. The Disruptive presentation was a unique glimpse at industry watchers (trying not to call ourselves “experts”) sharing our key…
Tech-Clarity was commissioned by Planview to conduct their 6th Annual Product Portfolio Management Benchmark Survey, titled The Business Transformation Required to Innovate in the Digital Era. The survey evaluated trends in managing product portfolios including challenges, processes, and technologies used to make portfolio decisions. Tech-Clarity applied our performance banding methodology to determine what Top Performers…
How can manufacturers survive when they can’t consolidate on a single CAD format? Is that even a possibility? Given the unavoidable reality of multi-CAD, let’s see if there’s a better way to manage the mayhem without spending so much non-value-added time. This eBook shares our perspective on the most practical way to manage designs created…
Tech-Clarity research shows that the majority of manufacturers believe that digitalization is important or critical to achieving their business strategy (see figure). Over one-third say that it’s critical. Digitalization in medical device design and manufacturing has significant promise, but what does it actually mean? Medical device companies, already struggling with how to address critical initiatives…
How can manufacturers and service providers drive additional productivity and profitability by developing equipment intelligence by monitoring equipment health? Learn how the IIoT, edge computing, and analytics help companies predict and mitigate equipment issues before they disrupt production. Manufacturers can now identify trends and data relationships that previously went undiscovered by combining data from multiple…
How can companies improve service and gain tangible ROI by remotely monitoring equipment using the IoT? This buyer’s guide offers practical advice for companies starting their remote monitoring journey to transform the way they service their equipment whether it’s on site, in the field, or at a customer location. At the same time, it offers recommendations to…
How do Top Performers in the chemical industry leverage digitalization in the chemical lab to overcome their innovation struggles? A Tech-Clarity survey shows that chemical companies face a myriad of innovation-related challenges including cost pressure, sustainability, more customer-driven products, and specialized / performance materials. This infographic provides a graphical snapshot of the research sharing that…
How can companies manage their portfolios and product development processes in order to more reliably hit their product innovation and commercialization challenges? How does digital transformation raise the bar on product portfolio management? Tech-Clarity was commissioned by Planview, Inc. to conduct their Sixth Product Portfolio Management Benchmark Study to find out. The research uncovered five…
How can engineers be productive and innovate when suppliers, customers, other departments, and even different design teams use a variety of CAD tools? This webcast shares how CAD interoperability helps companies survive when multi-CAD is simply the reality they live with every day. The webinar shares customer stories and best practices from our recent eBook…
How can Aerospace and Defense companies leverage the cloud to improve innovation, engineering, and manufacturing across the product lifecycle? We surveyed over 250 companies and analyzed the progress, plans, and success factors for supporting product innovation with cloud solutions of over 70 of these companies that serve the A&D industry. The research analyzes both challenges…