Preparing Industrial Equipment Manufacturers for Growth: Innovating Future Product Lines with Higher Margins identifies how industrial equipment manufacturers can transform their business to a position of growth by implementing a strategy for innovation, without investing in additional resources. With the right approach to innovation, companies will ensure future revenue streams, while managing risk. Getting this right is…
- Executive Overview
- Why Should IEMs Care about Innovation?
- Clarify the Meaning of Innovation
- Identify Challenges that Hurt Innovation Success
- Establish a Culture of Innovation
- Invest in the Concept Phase
- Define Processes
- Take Advantage of Available Technologies
- Conclusion
- Recommendations
- About the Author
Executive Overview
Table of Contents
- Executive Overview
- Understand the Importance of the Concept Phase
- Identifying the Top Performers
- Optimize the Conceptual Phase Recognize the Challenges of Concept Development
- Manage the Concept Phase
- Facilitate Collaboration
- Enable Reuse Capture
- Engineering Knowledge
- Conclusion
- Recommendations
- About the Author
- About the Research
Executive Overview
- Only 52% of the concept is reused during detail design
- Companies agree more should be reused
- Companies believe they would save 45% of overall development time by optimizing concept design reuse
Table of Contents
- Executive Overview
- Optimize Profitability
- Support Guided Selling
- Automate Manufacturability Checks
- Streamline Sales to Manufacturing
- Create More Revenue Opportunities
- Enable ETO Best Practices
- Ensure Quote Accuracy
- Integrate to the Enterprise
- Enable Web and Mobile Platforms
- Keep the Implementation Simple
- Conclusion
- Recommendations
- About the Author
Executive Overview
Manufacturers have a tough job competing in today’s global environment. Global competition, price sensitivity, time to market pressures, and increasing complexity all make it very difficult for manufacturers to be successful. Competitively differentiating your business and its products is hard while facing all these pressures. In addition, customers expect more. To capitalize on this trend, a company can set itself and its products apart by tailoring products to customer needs with a Design to Order (DTO), Configure to Order (CTO), or Engineer to Order (ETO) strategy. Among the many benefits, customization and personalization:- Offer customers exactly what they want
- Create competitive differentiation
- Enable a price premium
- Higher productivity
- More accurate quotes
- Fewer errors
- Optimized manufacturing processes
- Less waste
Table of Contents
- Executive Overview
- Understand Business Needs for Design
- What Drives a Change in CAD?
- Set Expectations for the Change
- Identifying Top Performers
- Identify the Right CAD Solution
- Extend CAD
- Conclusion
- Recommendations
- About the Author
- About the Research
Executive Overview
If you are competing in today’s global economy, it is not easy. Significant global competition plus pressure from new entrants and innovative start-ups make it difficult to stand out. To improve competitiveness, Tech-Clarity’s study, Product Lifecycle Management Beyond Managing CAD, finds companies have shifted focus from market factors like time-to-market or cost to product-centric strategies. Design tools, especially CAD, are key to executing these product strategies. With the right design tools, companies are better positioned to quickly bring high-performing, high-quality, innovative products to market. Companies looking to upgrade these tools to keep up with competitors may want to consider switching CAD tools. So what should you do if you find your CAD tool is holding you back? What if your company needs to update CAD tools? Why would you consider a change? What should you expect? Is it worth the time to convert archived data into a new format? Most importantly, do the benefits outweigh potential risks? Tech-Clarity surveyed 192 companies to answer these questions. While there are many interesting findings, the most striking is that business reasons rather than problems with CAD tools have become more influential when choosing a CAD tool and are motivating factors behind the need to switch tools. Growing influencers include supply chains, relationships, the vendor’s vision for design, and the CAD vendors’ full breadth of offerings. This big picture view of CAD indicates higher levels of management make buying decisions and they view CAD as a strategic piece of a larger product development solution. The biggest challenges of switching CAD tools are overcoming the learning curve and reusing legacy data. However, not all legacy data needs to be converted and in fact, companies only convert about half of it, 52%. Despite the efforts involved, companies who have made a CAD change tend to be very happy. Eighty-three percent (83%) rate their satisfaction a 4 or 5 on a scale of 1 to 5. The study also identified what successful companies look for. When selecting a new CAD tool, Top Performers are more likely to consider ease of use, Technical Support, software quality, and market share, which includes the size of the user community. Since implementing their current CAD tools, Top Performers have reduced development time by 19%, development costs by15%, and the time to implement ECOs (engineering change orders) by 16%, putting them at a significant competitive advantage. They have also been able to increase the number of design iterations by 17%, which leads to greater innovation. [post_title] => Are You Changing CAD Tools? [post_excerpt] => [post_status] => publish [comment_status] => open [ping_status] => open [post_password] => [post_name] => changing-cad [to_ping] => [pinged] => [post_modified] => 2022-11-14 22:27:47 [post_modified_gmt] => 2022-11-15 03:27:47 [post_content_filtered] => [post_parent] => 0 [guid] => http://tech-clarity.com/?p=4975 [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 1 [filter] => raw ) [7] => WP_Post Object ( [ID] => 4961 [post_author] => 2 [post_date] => 2016-01-11 15:17:25 [post_date_gmt] => 2016-01-11 20:17:25 [post_content] =>Innovate Along the Digital Thread
CPG companies have the opportunity to step up their product innovation processes and productivity to compete in crowded, competitive markets. In order to do that, they can leverage the digital thread to:
- Enable individual contributors with the right tools
- Integrate design tools within a product innovation platform that serves as the digital thread backbone
- Keep resulting information in context from early ideas through production and commercialization
- Make product information readily searchable to leverage product IP company wide
- Enable easier, more social collaboration
- Automate and streamline product documentation
Instead, the digital thread removes the burden from innovators while creating a manageable IP asset that provides value well into the future, resulting in better corporate IP, more time for innovators to innovate, fewer recalls, faster time-to-market, higher productivity, and happy consumers. The time for the digital thread to transform product innovation and delight consumers has arrived. Consumer Packaged Goods Companies that don’t move toward a digital thread enabled by a product innovation platform will be at a disadvantage.
[post_title] => The CPG Digital Thread [post_excerpt] => [post_status] => publish [comment_status] => open [ping_status] => open [post_password] => [post_name] => cpg-digital-thread [to_ping] => [pinged] => [post_modified] => 2022-11-14 22:27:46 [post_modified_gmt] => 2022-11-15 03:27:46 [post_content_filtered] => [post_parent] => 0 [guid] => http://tech-clarity.com/?p=4961 [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 1 [filter] => raw ) [8] => WP_Post Object ( [ID] => 4956 [post_author] => 2 [post_date] => 2016-01-04 18:16:42 [post_date_gmt] => 2016-01-04 23:16:42 [post_content] =>- If you already completed the survey –> please share with a colleague or on social media using the “Share/Save” options above.
- If you haven’t taken the survey –> please:
CLICK HERE TO TAKE THE SURVEY NOW!
Interested in other Materials Research?
If you have interests in some of the latest trends in materials, you may also be interested in our Materials Trends Survey. We are researching how the use of new materials impacts the design and production process. For more information on the study go here or feel free to directly access the 10-15 minute survey here.Rules
To be eligible for this offer, you must complete the survey and be a professional with job responsibilities related to or supporting the development, release, or manufacture of products. Vendors and consultants who sell software, solutions, or services to support product development are not eligible. Students without relevant professional work experience are also not eligible. A valid work email is required to receive the gift card. To verify eligibility, your work email must include the domain of your place of employment. Email addresses will be kept confidential and will not be used for any direct sales or marketing purposes. Duplicate responses will be disqualified. Winners will be notified when the survey is closed.
[post_title] => Materials Innovation Survey [post_excerpt] => [post_status] => publish [comment_status] => open [ping_status] => open [post_password] => [post_name] => matrl_inn [to_ping] => [pinged] => [post_modified] => 2022-11-14 22:28:31 [post_modified_gmt] => 2022-11-15 03:28:31 [post_content_filtered] => [post_parent] => 0 [guid] => http://tech-clarity.com/?p=4755 [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) [19] => WP_Post Object ( [ID] => 4743 [post_author] => 2 [post_date] => 2015-09-15 09:34:06 [post_date_gmt] => 2015-09-15 13:34:06 [post_content] =>Table of Contents
- Executive Overview
- Why Should IEMs Care about Innovation?
- Clarify the Meaning of Innovation
- Identify Challenges that Hurt Innovation Success
- Establish a Culture of Innovation
- Invest in the Concept Phase
- Define Processes
- Take Advantage of Available Technologies
- Conclusion
- Recommendations
- About the Author
Executive Overview
All Results for "All"
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The CPG Digital Thread
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Materials Innovation Survey
How are leading companies enabling their teams to be more innovative? How are they taking advantage of the latest material advancements? Please share your experience. We are conducting new research on product innovation. This survey is targeted at those who either develop new materials or look to use new materials to support their innovation goals. We are…
Webcast on Improving Product Development in CPG
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