In today's increasingly competitive environment, industrial sector companies encounter strategic challenges to advancing innovation, reducing costs and shortening product development cycles. The strategic challenges include: - Prioritising products against resources
- Balancing reuse and innovation
- Improving cost, quality and time-to-market
- Managing technical obsolescence and risk
Tactical challenges include: - Improving the management of engineering teams across disciplines
- Integrating the use of technical data and models effectively into engineering, manufacturing and after-sales processes
Most papers on product innovation management discuss the strategic challenges by addressing the topic from the top-down, strategy-driven perspective of a Chief Technical Officer (CTO). Although strategic vision at the highest levels is essential, addressing the tactical challenges requires the assurance of an integrated implementation tied to the design engineer's point of view, priorities and processes. In this paper, we will present a case history demonstrating the strong results obtained by integrating platform management and knowledge reuse into the engineering process. By improving the way that engineers do their jobs -- with the benefit of an engineer's perspective -- companies can achieve significant gains in productivity and reductions in cycle times, with concurrent progress toward their strategic goals of customer satisfaction, reduced risk and optimised returns. To read the full report, download the pdf file at the top of this page. |