Making the value of technology clear
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 for Tech-Clarity. She covers Industry 4.0, Supply Chain, Smart Manufacturing, AI in operations, MES/MOM, QMS, APS, WMS, APM/CMS, IIoT, CFW, IT/OT, AR/VR, and other technologies and solutions for manufacturing and supply chain success.
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 B.A. in German and French, Magna cum laude, Phi Beta Kappa, from Lawrence University in Wisconsin. She has been awarded lifetime membership in MESA International.
Julie’s current areas of research include the realities of moving Industry 4.0 from vision to reality; making supply chains and operations resilient in the face of uncertainty; the role of AI in the new landscape; continuous improvement and transformational change; approaches to empower frontline 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, laughter yoga, and meditation teacher plus a certified business change agent and conscious business ambassador. 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.
[post_title] => Simulation for Design Engineers: 6 Issues to Avoid
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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.
[post_title] => Cloud PLM Webcast with Engineering.com
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Is trading off security to enjoy the benefits of the cloud worth it? Is the cloud-security tradeoff necessary? Why are some manufacturers still uneasy about adopting cloud software for product innovation and engineering?
There are clear benefits, but the transition started slowly. For a while, one of the most significant inhibitors to cloud adoption was a lack of “apples to apples” capabilities between traditional applications and those available on the cloud. But that disparity is no longer the issue as the market has evolved. So what’s leaving manufacturers hesitant about cloud migration?
For some companies we speak to, security still makes them uncomfortable starting their cloud transformation. It’s an important issue and one that they must consider. Let’s take a look at how companies perceive the security-cloud benefits tradeoff, the reality of the situation, and what they can do to objectively evaluate risks and rewards.
Read the full guest post in the Digital Transformation section of the Siemens PLM Community blog. The post covers the cloud-security tradeoff and how to evaluate security and mitigate risk in order to enjoy the implementation, operational, business, and strategic benefits of the cloud.
You can also learn more in our Cloud Security Discussion with Siemens EVP Bob Jones video interview.
Please enjoy the latest in a series of Tech-Clarity guest posts including The Subtle Shift to “Why Not Cloud?”, Cloud Engineering Software: More than Just Engineering Software on the Cloud, and Why Not to Justify Cloud Engineering Software.
[post_title] => The Cloud-Security Tradeoff for Product Innovation and Engineering Software (guest post)
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How can smaller companies and design teams manage CAD data without taking away from their time to innovate and respond to customers? Smaller companies and design teams compete based on innovation and agility but face many of the same challenges in managing 3D CAD files that their larger competitors do. CAD Data Management for Small Companies and Design Teams is designed to help companies with five and fewer designers address CAD Data Management complexity.
Please enjoy the summary below. For the full report, please visit our sponsor SOLIDWORKS (registration required).
Addressing CAD Data Management Complexity
Smaller Companies Suffer as Well
The top CAD management challenges are relatively consistent across engineering teams including those as small as five or fewer engineers. The analysis only uncovered a couple of minor differences between the “five or fewer” respondents and those with twenty or more engineers. Smaller teams are:
Low Productivity is the Status Quo
The clear business impact of CAD management challenges is wasted engineering time and effort. This time is spent searching for data and fixing problems. Over three-quarters, (79%) of small companies indicate they struggle with this.
Companies with five or fewer engineers leverage a variety of design data management solutions ranging from core CAD management to PLM. Responses to an open ended question on benefits show that they primarily perceive the value of the basics – keeping data under control, making it easy to find, and being able to share it with others. The results reported include improved design efficiency and throughput.
Conclusion
Survey analysis leads us to conclude that design data management solutions including PDM, PLM, or more focused CAD / Engineering Data Management solutions help even the smallest companies hit their product development targets.
Recommendations
Based on our experience and the results of this research, we recommend that:
You can download a PDF of the Escalating Cloud Value Along the Path to Cloud Adoption and Maturity infographic here, courtesy of Siemens.
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What’s the right size PLM to fit a midsized manufacturer? When looking for PLM for SMB (small to midsized businesses) it's important to remember that midsized companies need capabilities, but have limited resources. Midsized manufacturers need to choose a PLM system that brings core product design and development capabilities within reach, but also offers room to grow value over time. This eBook explores how much PLM is right for midsized companies.
Please enjoy the summary below, or click the report to download a PDF overview.
For the full report on PLM for SMB, please visit our sponsor Dassault Systemes (registration required).
Product Lifecycle Management (PLM) software can help. It drives better product development performance by managing product-related data, processes, and projects. While smaller companies may be able to control, access, and share product data with relatively simple Product Data Management (PDM) tools, larger manufacturers rely on full-featured PLM systems.
Midsized companies may find themselves in-between because:
*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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[post_content] => How can companies use the power of cloud computing to get more out of their simulation efforts? Tech-Clarity's Jim Brown shares his research on the value of simulation on the cloud in a lively web panel with Joby Aviation's Alec Clark and Jonathan Oakley of Dassault Systemes.
Read the guest post on the Dassault Systemes' Navigate the Future blog to get an overview of cloud value for product innovation and engineering and simulation on the cloud provides even greater value.
Watch the panel webcast to learn more about how to benefit from computing at the intersection of cloud and simulation courtesy of our sponsor, Dassault Systems (registration required).
Companies of all sizes are moving to the cloud, taking advantage of a variety of benefits. Many companies initially investigate the cloud to save money. Others want to focus their precious resources on designing and delivering innovative products instead of developing and supporting IT infrastructure. Regardless of the initial goal that drives their investigation, they can achieve value across multiple dimensions. Our research points to a number of important cloud benefits, including:
Implementation advantages that allow them to be more agile, accessing the capabilities and computing power they need when they need it
hurting profitability?
During this webinar, Tech-Clarity's Michelle Boucher shares some of her latest research on tool design and production. Daren Beeson from Siemens then shares examples of how tool shops have conquered the complexity of tooling design and production in the mold, tool, and die industry.
During this webinar, you will learn how you can:
[post_title] => Moldmakers: Design and Produce Tools Faster
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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:
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…
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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Jim Brown joins an educational cloud PLM webcast sharing the benefits of product lifecycle management solutions and the trend toward cloud PLM adoption. Jim presents with Mohit Daga, SOLIDWORKS Senior Product Portfolio Manager and ENGINEERING.com’s Director of Content, Roopinder Tara on this Engineering.com web presentation. The speakers will examine why PLM users should consider cloud PLM…
Is trading off security to enjoy the benefits of the cloud worth it? Is the cloud-security tradeoff necessary? Why are some manufacturers still uneasy about adopting cloud software for product innovation and engineering? There are clear benefits, but the transition started slowly. For a while, one of the most significant inhibitors to cloud adoption was…
How can smaller companies and design teams manage CAD data without taking away from their time to innovate and respond to customers? Smaller companies and design teams compete based on innovation and agility but face many of the same challenges in managing 3D CAD files that their larger competitors do. CAD Data Management for Small…
How do companies achieve cloud value from product innovation and engineering software? How does that value expand with greater adoption and maturity? This infographic shares the benefits that companies achieve from the cloud from implementation, operation, and business perspectives. It goes beyond these to share how even greater ROI is available from strategic benefits and…
What’s the right size PLM to fit a midsized manufacturer? When looking for PLM for SMB (small to midsized businesses) it’s important to remember that midsized companies need capabilities, but have limited resources. Midsized manufacturers need to choose a PLM system that brings core product design and development capabilities within reach, but also offers room…
How can companies use the power of cloud computing to get more out of their simulation efforts? Tech-Clarity’s Jim Brown shares his research on the value of simulation on the cloud in a lively web panel with Joby Aviation’s Alec Clark and Jonathan Oakley of Dassault Systemes. Read the guest post on the Dassault Systemes’…
How can moldmakers better manage processes to meet delivery dates, without hurting profitability? During this webinar, Tech-Clarity’s Michelle Boucher shares some of her latest research on tool design and production. Daren Beeson from Siemens then shares examples of how tool shops have conquered the complexity of tooling design and production in the mold, tool, and…
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