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.
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
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: