Manufacturing companies are trying to increase revenue and expand market share while
simultaneously improving product development metrics, such as cost, time to market, and quality.
In many ways, these goals conflict as market expansion relies on more customizations and products, while
product optimization relies on standardized configurations and processes. And these imperatives are taking place within the context of increasing demand variability, supply chain disruptions, intellectual property risks, and new regulations.
This IDC InfoBrief examines the IT and business plans of discrete manufacturers related to product life-cycle management (PLM), providing key insights for companies that want to optimize product development and implement agile processes. Research findings come from the 2023 IDC Product and Service Innovation Survey of 814 manufacturing companies across North America, Europe, and Asia/Pacific, drawing on the responses of PLM decision makers (n = 445).
Included in this Contents
- Methodology for Top-Middle-Bottom Segmentation
- Product Manufacturers Face Complex Challenges
- Manufacturers’ Priorities Reflect a Product-First Strategy
- Putting PLM to Work: Collaborative Product Innovation
- Effective New Product Introduction (NPI) Is About Data and Collaboration
- Repeatable NPI Performance Is a Numbers Game
This article is posted at idc.com
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