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THE BUSINESS VALUE OF REDUCING TIME WASTERS AND INCREASING ENGINEERING
PRODUCTIVITY

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Reduce time wasters and increase engineering productivity with PLM software


Engineering productivity takes a hit when roadblocks and time-wasters are
unavoidable.

Whether it’s interruptions, redoing work, or poor collaboration, lost
engineering time cannot be regained and productivity suffers.

However, with the right tools in place, many time wasters can be lessened and
even eliminated.

This ebook examines the research of how engineers spend their time, where they
lose productivity, and the impact on business.

Find out how to reduce those time wasters and increase engineering productivity.


PRODUCT DEVELOPMENT STRATEGY – RESEARCH RESULTS BY TECH-CLARITY

An effective product development strategy is central to the success of a company
according to research results by Tech-Clarity. Of every company surveyed in this
research, the majority of small and medium-sized businesses said expanding
product lines with new offerings, brand differentiation, and expanding into new
markets were their top priorities. None of those things can be accomplished
without a detailed product development strategy in place. Executing that
strategy requires a solution capable of maximizing engineering productivity and
minimizing any engineering time wasters.


IMPLICATIONS OF TIME WASTERS FOR ENGINEERING PRODUCTIVITY

Any time not spent engineering new or improved products is an engineering time
waster, which can lead to missed deadlines, higher product costs, poor product
quality, and more. According to research results from Tech-Clarity, 96 percent
of businesses reported lost engineering productivity negatively impacts their
business. Larger companies are more likely to focus on the cost, but smaller
companies are more likely to report on the effect this has on quality. As a
result, a strategic focus on reducing wasted time will have a significant
positive business impact.


HOW PLM REDUCES TIME WASTERS FOR ENGINEERS AND IMPLICATIONS TO THE BUSINESS

Product Lifecycle Management (PLM) solutions can help to eliminate the
engineering time-wasters currently hurting businesses.

Surveyed engineers in Tech-Clarity’s study revealed their top six benefits of
PLM software:

 * Ability to centralize data
 * Manage product data across multiple domains
 * Ability to manage processes
 * Better collaboration
 * Traceability across project information
 * A single, unified bill of materials


BUSINESS VALUE FROM PLM

Quantifying an engineer’s time into hard business terms can be abstract, but
there are ways to translate engineering time into measurable impacts.

However, businesses can measure things like development time and cost savings
through reduced scrap.

Tech-Clarity’s study found multiple measurable improvements gained from
implementing PLM:

 * Development time
 * Reuse
 * Time spent on rework
 * Cost of scrap
 * Time spent managing changes
 * Time managing BOMs
 * Time managing configurations


EXPERIENCE THE BENEFITS OF PLM SAAS

With a SaaS PLM solution in place, everyone involved in product development
gains quick and easy access to the data they need with little to no IT support.
Take a look at Teamcenter X PLM SaaS and try Teamcenter X for free for 30 days!




RELATED RESOURCES

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EFFECTIVE PRODUCT DATA MANAGEMENT IMPROVES PRODUCT DEVELOPMENT PERFORMANCE

Read this ebook to learn PDM best practices from companies surveyed that design,
engineer, and/or manufacture products

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BEST PLM STRATEGIES TO SATISFY REQUIREMENTS AND MEET DELIVERY DEADLINES

Survey of engineering executives’ top challenges -- satisfy product requirements
(53%) and meet delivery deadlines (45%) – solved with five ...

Video


CLOUD-BASED PLM IS THE FUTURE

Get a faster return on investment with cloud-based PLM software. Added bonus:
you can use it anywhere and anytime you need it.


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