Change is a fact of life. It’s going to happen whether you like it or not: it’s a well-known challenge for any manufacture. Whether it’s new customer requirements, unexpected delays in a project or a supplier failing to deliver, it’s something we all have to face.
When it comes to your current processes in product development, here are some important questions to consider:
When you’re facing a design challenge, changes are you’re going to be looking at lots of different options to find the right solution. Initially, this might mean sketching out ideas in rough or brainstorming concepts that still need development. After you’ve explored these early ideas, you’ll want to develop the best of these ideas further and look at them in greater detail.
For companies, getting products to market faster than ever before is a key priority.
It’s about making sure you get ahead, and stay ahead, of your competition. And, at the same time, working ensuring your products are still the best in class option for your customers. It’s a challenge for manufacturers across the world. But, to be successful, companies are increasingly required to optimise their product development processes and reduce time to lead.
You’re probably familiar with the challenges that are associated with increasing product complexity. It’s an issue that’s resulting in many companies reviewing their CAD capabilities, to see how they match up to their CAD needs. But, actually, there’s a lot that can be achieved by emulating the way best in class companies use their CAD tools. In fact, according to research by Aberdeen, these exceptional CAD users are able to decrease their product design time and costs by nearly double the amount compared to the industry average. So what are the product design secrets that enable these results?
You’re no doubt familiar with the trend for smart products - perhaps you are even reading this blog on your smartphone or tablet. But this trend for smart products is not just referring to phones and computers. It can refer to any product that has the ability to behave in a smart way.
Modern manufacturers demand technology that allows their engineers to be agile, flexible and efficient and PTC has certainly delivered with Creo 3.0. Last week, we had the pleasure of showcasing this innovative new software to our customers at the UK launch event in Solihull, demonstrating how the new features and functionality work in practice.
A recent study conducted by Oxford Economics, in partnership with PTC, explores the expected impact over manufacturing transformation over the next three years. The global research study questioned 300 manufacturing executives from a range of different business functions and industries. The aim of the survey was to validate a hypothesis on manufacturing transformation; to find out how the changing manufacturing landscaping is affective companies around the globe.
Designing and creating innovative products is hard. Not only are customers more discerning now, but also market pressures and competition are tougher than ever before. It means that even successful companies are having to re-evaluate processes and best practice to gain that edge.
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?