With growing pressure from increasingly demanding customers and an extremely competitive global market, engineering leaders need to focus on four key areas:
- Increase innovation capacity
- Improve product performance
- Reduce warranty issues
- Win more profitable bids
Implementing the Product Innovation Platform can deliver these outcomes. Further, companies that have adopted this platform have seen impressive improvements in key aspects of their businesses:
- Improved success rate of new product launches by 25%
- Increased speed to market by 50%
- Achieved 90%+ customer satisfaction rates
The Product Innovation Platform centralizes all the applications, knowledge, data and tools into a single system within an organization, unifying the processes used to design, develop, manufacture and support products.
Essentially, the Product Innovation Platform is a departure from the linear manufacturing process:
- Operate and retire
Manufacturers need to replace this approach with a more fluid, flexible and closed-loop process to make product design infinitely more dynamic and therefore innovative.
We’d like to understand your perspective about the changing dynamics in the industry and how we can partner with you during these exciting times!
For an introduction to the Product Innovation Platform, read this executive bite and find out how manufacturing can be transformed with new processes under the Design, Make and Use framework.