Think about your company’s current processes today. How does your company align with similar companies? Does the company you work for use innovation to continuously improve their products?
The hardest task companies face with product development is the complexity of software development and deployment phases. The biggest mistake a company can face, is not moving fast enough. There are so many reasons to look at the latest advancement in products, technology and manufacturing efforts.
Many companies lose to the competition because they lack the resources and technology to advance their business. Think of a time when a project at your company was held up due to material usage, analysis needs, test failure, bill of materials, transportation, etc. Could using product innovation help your situation?
Exploring options for technology advancements is the first place to start. Are there opportunities in your company to reduce re-work or other waste?
If you could measure how much rework has been done in the last few years at your company, would your profit margins show a loss? Changing the process is more than tweaking a part or too, or the material used. Would new technology or processes help your overall product development?
Every minute of every day, you are either making money or losing it. Want to learn how to streamline your business? I recommend looking into the Siemens PLM Digital Enterprise Suite. Please reach out for more information.