UGS Shows Mid-Sized Manufacturers how to Improve New Product Development Processes Through PLM
PLANO, Texas – UGS Corp., a leading global provider of product lifecycle management (PLM) software and services, today announced the expansion of its “Fast Track to PLM” SMB educational seminar series to help mid-size manufacturers understand how to improve their new product development (NPD) processes by implementing a PLM strategy.
In a recently published report “Profitable Product Development for SME,” Aberdeen Group reports that small to medium-sized companies are enjoying significant performance advantages in hitting their NPD targets – including revenue, cost, launch dates and quality – by employing PLM technologies.
“Our study shows that companies who have implemented best-in-class new product development processes deliver products to market an average of 22 percent faster than their competition,” said Jim Brown, vice president, Product Innovation & Engineering Research, Aberdeen Group. “Best-in-class companies achieve high performance through a combination of strategic actions, organizational capabilities and implementation of enabling technology such as PLM. SME companies achieve greater success when they adopt solutions such as the UGS Velocity Series offering that provide templates for best practices.”
“Mid-sized manufacturers need to streamline their new product development processes to get the right products to market faster,” said Bruce Boes, vice president of UGS Velocity Series Marketing, UGS. “To do this, they must evaluate their new product development practices in three distinctive areas: process management, product development and manufacturing engineering. Our successful ‘Fast Track to PLM’ program offers attendees a tangible view of how they can improve these areas by implementing PLM. We are the only company that has effectively delivered an integrated CAD, CAM, CAE and cPDM solution from a single supplier, tailored specifically to the needs of mid-sized manufacturers.”
At the heart of the new product development program are results from a recent survey of Manufacturing Business Technology magazine’s readership that gauges new product development challenges and solutions as a means to improving:
-Process management: establishing consistency and repeatability.
-Product development: beating the competition to market with the right product.
-Manufacturing engineering: speeding production, and synchronizing suppliers.
The results of this survey can be seen in a new webcast, now available at www.ugs.com/mbt that looks at the balance between agility, structure and focus, including the perspective of UGS customer Razor USA LLC, makers of the popular Razor® Scooter. Razor was able to transform its product development processes and bring two to three times as many new products to market each year with their use of Solid Edge®, the CAD component of the UGS Velocity Series™ portfolio.
Manufacturers can download the Aberdeen Report from www.ugs.com/NPDReport. For more information or to obtain a list of available webinars on New Product Development visit UGS’ SMB Center at www.ugs.com/smb.
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