Are you satisfied with the level of feedback provided during product development, including feedback from your supply chain? What if you were able to provide enterprise-level visibility into the risk of missing product performance targets, potential product and material compliance failures, and supply chain disruptions?
Questions companies need to answer as part of product development
To compete in today’s rapidly evolving global markets, companies must be able to answer questions like “How much will this design cost to produce?”, “Will it satisfy our product compliance requirements?”, “Am I using materials that are at risk of supply chain disruptions?” Alongside this, companies need to provide information like projected power usage and environmental impact. Having a product analytics solution to manage and assess product compliance, performance and risk can help you to answer these questions.
Beginning early in the product development cycle and continuing throughout the product lifecycle gives companies a much greater level of feedback on their product development.
How product analysis can give you a competitive edge
By analysing product compliance performance and risk during the earliest phases of product development, where decisions have the most impact and are least disruptive, you can bring better performing, more profitable products to market faster. And, importantly, it means that you can resolve costly problems and potential failures before they occur.
Improve supply chain visibility, with systematic supply chain data collection. Protect your revenue streams by managing risk analysis as part of your standard development process. Ensure compliance with ever evolving customer and government regulations. Access product performance across multiple areas, including cost, weight, safety and sustainability early in the development process. Drive “what if?” and trade off analysis and understand how a change made to improve one area will impact on another.
Product analytics is the industry leading solution, proven at the largest, most demanding and complex companies in the world. These companies understand that a problem found in manufacturing or in the field can be tens or even hundreds of times more costly to rectify than the same problem uncovered in early planning and design phases. With Product Analytics, customers will reduce product risk and compliance costs by 50-90%, identify risk, ensure products are released at product cost and help meet other performance targets.
Reduce late-cycle changes, product delays and improve design decisions
Download our free report of on the ROI of produce lifecycle management:
