Implementing an integrated product lifecycle management (PLM) solution allows process manufacturers to stay competitive in the ever-growing global market. By outlining the manner in which Best-in-Class companies do this, it is shown how others can adopt these practices to better meet their production budget, quality, and time to market targets.
Key findings include:
50% of process manufacturers cited market demand for higher quality and higher performance products as their top pressure to improve product development.
Best-in-Class were 47% more likely to meet their launch dates than all others.
Use a PLM solution that streamlines and speeds up product development by facilitating communication and cross-functional collaboration throughout the organization.
What distinguishes the Best-in-Class from their peers? They pair designing process manufacturing methods with product development.
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