Accelerating Time-to-Market for Mid-Sized Businesses
As a professional at a mid-sized business, you are under more pressure than ever to innovate, create and compete for market share. Getting new products to market fast is of utmost importance, and rapid innovation that leverages existing product designs – and protects product quality – is imperative.
Too often, engineering data becomes disjointed and disorganized as you work quickly and dynamically with suppliers, vendors and across internal departments. Your teams lose valuable time in unnecessary rework — a serious challenge when speed-to-market is your top priority. Establishing a single source of truth for your product data can promote collaboration and streamline design reuse, helping you to design and create higher-quality products faster.
A challenge that you face is within collaboration, and the impact that it has on delivery. The fast-paced environment for mid-sized manufacturers requires tight communications across internal design and engineering teams, as well as key suppliers or partners. Lacking a single source of truth for engineering design data can lead to less efficient processes, inaccurate data to resolve potential quality issues, and impact the ability to reuse product designs for future opportunities. A Product Lifecycle Management (PLM) solution can help solve those problems and enable on-time delivery. Read our infographic Overcome Your Greatest Challenges in Product Development.
The Aberdeen Group has published a report that identifies the role of the bill-of-materials (BOM) as the critical foundation for product development collaboration at small- and medium-sized businesses (SMBs). Download the BOM Management Best Practices for SMBs white paper to learn more.