Transforming Product Development
A winning product. Your company is built to achieve this goal. But the forces of the global marketplace demand the need to continually innovate and transform the way product development takes place. To gain a competitive advantage engineering leaders must build, develop, and motivate their teams who are spread around the globe.
How will you create a Product and Service Advantage for your company?
Engineering Leads Transformation
Winning products are made by engineering teams working on common goals, with strong leadership that knows how to manage the teams, processes and technology needed to achieve a competitive advantage.
In todays’ global marketplace, engineering leaders are constantly facing change. Embracing and adapting to the change by transforming how your products are designed, validated and built can make the difference between market leader and market laggard.
- Success Stories
- Insight & Analysis
- Key Initiatives
Two Options: Transform – or Fall Behind
Manufacturers must continually transform their processes to stay ahead of dynamic global markets. Engineering leaders are at the heart of this change. Learn about their most common engineering management Initiatives aimed to create value for their companies. All require transformative leadership to succeed:
- Improve global product development
- Achieve on-time delivery and reduce time to market
- Reduce product development costs
- Improve product quality
- Accelerate product innovation
- Streamline regulatory compliance and reduce product risk
- Reduce product costs
Ultimately, a manufacturer’s goals are to get better products to market faster – and keep the products up and running longer. This increases customer value. Satisfied customers remain customers, and the company optimizes revenue and profits. Market share grows.
But much can stand in the way of this vision. The uncertainties and complexities of today’s global marketplace aren’t abating. If anything, they grow only more daunting.
So, indeed, each of the value-focused initiatives cited above may loom as a major challenge. Yet each also reveals major opportunities for engineering leaders to help transform and improve the ways their companies create and service products.
Manufacturing leaders are commonly challenged with the persistent need to manage the internal pressures of growing revenues, reducing costs, and building the right teams. But that’s not the only task they must address. They’re also challenged by the dynamic forces of the market and unpredictability of customer preferences, skills shortages, and emerging technologies that can alter the way products are developed.
Read the Oxford Economics report to learn about your peer’s greatest challenges and priorities.
In a recent survey conducted by the Manufacturing Leadership Council, over 200 Senior-level manufacturing executives were asked how they see their role and their company changing over the years ahead. In addition to managing the internal pressures of growing revenues, managing costs, and building the right teams, executives see a new set of challenges on the horizon.
Read the Executive Insight Report to learn how adopting a collaborative business model is at the forefront of these changes.
Shifting realities are reshaping the competitive landscape for the world’s leading manufacturers. What most concerns them in the years ahead? Oxford Economics conducted an extensive quantitative and qualitative survey to manufacturing executives, representing engineering, manufacturing, and service to best understand their priorities.
Learn which business initiatives manufacturing executives believe will create the most value for their companies and support their transformation, as well as other key insights.
The global manufacturing industry is in the midst of a fundamental transformation. Major external forces are challenging traditional concepts about how and where value is created – across engineering, production, supply chain and service organizations. Simultaneously, these same trends present a massive opportunity for manufacturers that adapt their product offerings, and even their business models – leveraging technology to tap into new sources of competitive advantage.
Read how PTC’s CEO believes manufacturing leaders should greet the current wave of transformation with optimism, but must have a clear understanding of how the key ingredients for their future success are being redefined.
Creating and launching innovative products is essential to driving growth. But the process to take an idea and bring it to market requires discipline and coordination, especially as product complexity grows. Improving product development processes for managing complexity is essential.
Learn more about the challenges confronting Engineering leaders today, and what some are doing to transform product development and accelerate product innovation.
To stay competitive in today’s global-market, manufacturing companies often strive to create market-specific products. This strategy can be a powerful growth driver, but typically comes with increased product complexity.
Learn how best-in-class manufacturers manage this complexity with a consistent, product-platform approach.
Global manufacturers that serve a variety of markets must meet international regulations and government mandates. Left ignored, companies face huge risks and a negative impact on company revenue. Addressing these regulations and mandates in the product development process can make the difference of launching on-time and avoiding product recalls and, as a result, producing better performing, compliant and more profitable products.
Learn more about PTC´s approach to various Regulatory Compliance global mandates.
Does Your Organization Struggle with Managing Requirements? According to the Software Engineering Institute, nearly 20% of the costs of the average software intensive projects are due to rework that is directly attributable to inaccurate, incomplete, or ambiguous requirements.
Learn how requirements management is the key to bringing better products to market faster.
Today’s engineering leaders realize that software can be the key to delivering new product offerings and driving continuous product innovation. Software in products holds the key to modernization that improves quality, safety, and ease-of-use, as well as adds new functions. Software simply makes products smarter.
Learn more about how to remain competitive and effectively manage the complexities of software and systems development.
Engineering executives are challenged to deliver products on time with limited engineering resources, while improving overall quality. In order to achieve these goals, leaders must streamline the multi-disciplinary collaboration process across engineering teams.
Learn how a systems engineering approach throughout product development can enable accurate verification and validation of all product requirements, creation of a flexible modular product architecture, and assurance of high product quality.