Improve Global Product Development

Driving Business Growth in New Markets Requires Combining Local Market Knowledge with Global Engineering Know-how

Improve Global  Product Development - Challenges

Challenges

As globalization demands a new way of doing business in new regions, you’re challenged with connecting global engineering know-how through a common, trusted source of product data. The expansion of global suppliers and manufacturing and engineering centers only complicates this problem. As a result, inadequate processes and lack of tool standardization hinder productivity and threaten product quality. These conditions make it extremely difficult for your teams to secure and share IP, meet local market demands and penetrate new markets.


Improve Global  Product Development - Impact

Impact

Without a connected and collaborative environment for global product development, your projects can be delayed and over-budget, regulatory compliance can be put at risk and customer requirements can be missed. The result: low productivity, high labor costs and lost sales.


"Without process standardization … we would have needed to double or triple the human resources at our overseas sites. Accordingly, we have realized a 200-300% improvement of efficiency in our product development."
— Bernhard Gysi, head of research & development, services and testing at Schindler

What’s Possible

You can simplify the complexities of global product development through efficient team collaboration and streamlined use of strategic supply chain partners. By implementing common, standardized tools and processes, team productivity increases, management of local market requirements improves, and access to local development resources drives lower cost. What does all of this mean for you? Faster time-to-market, reduced regulatory compliance risk and increased geographic revenue diversity.


Process Improvement Opportunities

The most successful companies improve global product development by transforming one or more of these key processes:

Management

 

  • Program and Portfolio Management: Drive innovation, optimize collective value, manage risk and make trade-off decisions across a set of programs while ensuring alignment with strategic objectives.
  • Project Management: Plan, execute, monitor and control complex development efforts and dependencies spread across globally distributed project, product and technology teams.
  • Change and Configuration Management: Evolve products in an orderly fashion, from concept through retirement.

Sales and Service

 

  • Application Engineering: Respond to a customer’s request for proposal, pricing or information by collaboratively creating a timely, accurate and competitive formal response.
  • Requirements Definition and Management: Translate the voices of customers into prioritized requirements, targets and constraints while establishing bidirectional traceability between requirements, analysis documentation, product designs, BOMs and verification data.

Hardware and Software Engineering

 

  • Detailed Development: Define the product design completely, such that it meets requirements and is sufficiently documented for manufacturing.
  • Verification and Validation: Ensure that designs meet performance requirements and are verified through digital or physical means, progressing from components to assemblies, systems and products.
  • Variant Design and Generation: Define and manage multiple product configurations to satisfy customer-, region- and market-specific needs and accommodate design alternatives and improvements.

Supply Chain and Manufacturing

 

  • Product Cost Management: Enable early and ongoing visibility into detailed cost drivers and evolving estimates to ensure products meet landed cost targets.
  • Design and Manufacturing Outsourcing: Engage with a third party to deliver a hardware/software system, sub-system, component design or design services.

Learn more about improving your global product development   

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