The high tech industry is characterized by ever shortening technology and product lifecycles and intense competition. Increased consumer demands add an additional level of complexity, requiring fast and flexible response.
To be successful in this market, companies need to be good at the following:
- Reduce time-to-market of new products and increase the number of new products launched through efficient innovation. To be effective, it is important that it is based on best-in-class, integrated processes leveraging a single version of the truth
- Minimize supply and manufacturing lead time through efficient identification, qualification and management of IP and (component) suppliers. This goes hand-in-hand with streamlined prototyping and handover from engineering to manufacturing and supply chain operations
- Support revenue growth from new products by continuously incorporating market and consumer insights into product and innovation portfolio and efficiently bringing new products to market
SAP’s Product Lifecycle Management (PLM) solution plays a key role in helping companies to optimize the idea-to-volume process and continuously drive innovative products to market.
Follow the link to a just released eBook that has a growing compilation of articles, press releases and interviews, highlighting multiple aspects of SAP’s Product Lifecycle Management’s and the success in the global market.