Given the complexity of our overall product portfolio, given the vast number of combinations or permutations in which our products exist, cost of complexity becomes an operational driver in our organization. When you have so many variants of the same core product, which are necessary to satisfy the various different needs of the customer's application, not only pressures and temperatures, but also working fluids, environmental conditions, local regulations, geographic regulations, et cetera.
Those are the things that drive the complexity in our product portfolio. Flowserve wouldn't be as successful as we are today if we couldn't manage and handle that complexity. In fact, it's our ability to be able to produce exactly the right product that fits exactly the right operating envelope for a customer's condition that makes us successful. We couldn't go to that customer and justify our same differentiating strategy if we told them that we’re going to provide them the same product that we provided the last ten customers. That's not the way that we do the business.
Therefore, our key to success also has to rely on our ability to manage the cost of complexity that comes along with that kind of competitive strategy. So yes, we’re going to have ten different bodies for doing very similar tasks. Our trick is to make sure that we bring those to bear in the most cost effective manner, and that even though this one is slightly different than this one, if we understand that there is an engineering change that needs to be applied here, that we rapidly identify the need to deploy it over here so that we don't have two different engineering versions of the same thing even though they might be in different materials.
Or, and this is also frequently a reality, even though the product portfolio is so large and so geographically dispersed, there may be a solution which we've already solved in the United States for a customer problem that another organization is trying to solve in Latin America. How quickly can we connect the two together so that the organization in Latin America can benefit from the combined experience and not have to create yet another variant or permutation of an existing product and existing design, if in fact we already have solved that problem? Product lifecycle management brings us the processes and tools necessary to deliver on that kind of operational success.