Electronics and High-Tech Industry Solutions

Impact of COVID-19 and outlook for electronics and high-tech industry

Demand for industrial electronics has been on the rise for years with manufacturing, healthcare, and automotive industries looking to technology to transform efficiency, productivity, and competition. With the onset of COVID-19, electronic high-tech companies felt the pinch with disrupted supply chains, causing shortages of key components—and limited visibility exacerbated the problem.

As we turn the corner and move towards the new normal, electronic high-tech companies will look to invest to create real-time visibility into the supply chain, in order to drive agility and flexibility in the future and adopt digital thread and digital twin to capture design data, maintain version control, and simulate all components and systems.

Here are some of the challenges PTC helps the high-tech industry solve:

Drive measurable value

COVID-19 is accelerating digital transformation as the high-tech industry rapidly looks to address its biggest challenges across the value chain to maximize revenue, reduce costs, and increase efficiency.

But as digital transformation continues to accelerate, many companies find themselves with initiatives that stall or fail to prove value. PTC’s unique approach to digital transformation helps companies avoid pilot purgatory by identifying the most impactful problems, applying proven solutions, and then scaling results across the enterprise. The result is double digit financial impact.

Keep reading below to learn how PTC can help you.

Accelerate new product introductions, increase throughput, and enable new business models to meet customers’ rapidly-evolving demands.

Maximize Revenue Growth

Drive efficiency gains across the value chain, increasing asset efficiency in manufacturing, collaboration in engineering, and productivity in service.

Increase Efficiency

Lower the cost of goods sold with lower manufacturing costs and increased engineering productivity. Reduce service and warranty costs with reduced truck rolls and better product quality.

Reduce Costs

Additional resources

Analyst Report: Uniting Quality and PLM in E&HT

This report explores how the digital thread, with a foundation of PLM, can be leveraged for improving quality management in this innovative, but supply chain-dependent, environment.

Download the Analyst Report

PTC’s solutions are helping leading electronic high-tech companies get ahead of the competition

iQor

iQor reduced costs and saved more than $1 million annually by equipping service technicians with a connected service knowledge place and diagnostics platform powered by Industrial IoT solutions.

Read Their Story

LACROIX Electronics

LACROIX Electronics improved OEE, efficiency, and quality with real-time visibility in manufacturing with industrial IoT solutions.

Read Their Story

Lenovo

Lenovo drove innovation by enabling its globally-dispersed teams to manage the product development process digitally.

Watch Their Journey

Hitachi

Hitachi reduced service parts supply chain overhead by 20% while delivering next-level customer satisfaction and retention with service parts management solutions.

Read Their Story

Fujitsu

Fujitsu shortened design cycle times and reduced prototype spins by improving ECAD-MCAD collaboration, helping teams work more effectively and see the impact of changes before they’re proposed.

Read Their Story

Product lifecycle management Provide teams with up-to-date product data that’s delivered securely and in context and managed with data governance and traceability processes. With solutions for digital thread and digital twin, teams can reduce time to market, increase productivity, and reduce costs.

Industrial IoT Industrial IoT transforms industrial data into actionable insights to help enable new business models, increase manufacturing efficiency and productivity, and drive customer satisfaction and efficiency in service departments.

Augmented reality Augmented reality tranforms how information and actionable insights are provided to frontline workers. With augmented reality work instructions, training, and insights, your workforce can be more productive without compromising safety.

Computer-aided design Innovation in computer-aided design has brought parametric modeling, generative design, and simulation and analysis tools into the hands of design engineers. Increase efficiency, reduce design time, and reduce prototyping costs with solutions that have reimagined how you design, develop, and document innovative products.

Service parts management Get the right part to the right place at the right price with service parts management solutions. By optimizing spare part inventory, you can increase customer satisfaction while improving the productivity and efficiency of service teams.