Resources

Product, process, and organizational complexity are increasing at breakneck speed.

This brief examines the digital twin’s role in both products and plants and its benefits for manufacturers. It discusses how digital twins and digital threads differ and how they connect to create a comprehensive digital transformation initiative. It explains how companies can start their digital journeys and create winning DX strategies that maximize financial gains and minimize disruption. Finally, this brief offers key recommendations for companies seeking digital success.

Market demand is rising dramatically for smart, connected products with software-enabled features. Organizations are looking for better ways to manage shorter schedules, smaller budgets, and more complex product requirements. This study reveals that taking a shift-left strategy offers companies distinct benefits that help mitigate these challenges.

These days, executing programs comes hand in hand with a multitude of management challenges. Suppliers in the automotive industry must juggle difficult requirements, short schedules, and capped margins. Therefore, finding a balance between the three requires thoughtful skill and management.

There’s no doubt about it: Today’s stakeholders are under pressure to do more in less time.

Companies are facing new and unprecedented product development challenges. While these challenges are significant, they are not insurmountable.

This eBook provides guidance on these changes. It reveals more of the study’s findings, providing insights into the dynamic issues that will transform product development in the years ahead.

Traditional mechanical products are transforming into smart, connected products.

Our recent study reflects on the types of machining IT stack solutions leading organizations are using. This brief discusses those solutions and provides recommendations to improve organizational performance across the product development lifecycle.

Mass electrification of all systems has impacted every industry, expanding electronics, electrical distribution systems, and embedded software in today’s products.

Rapid advancing digitization is transforming traditional, mechanical products into smart, connected ones. In the 2020 Product Development IT Ecosystem Benchmark Report from Lifecycle Insights, more than half of the respondents cited customer demand for smart products as their first or second most important challenge in product development.

The pressure of consumer and market demands is driving product complexity upwards. As a result, the NPI process is harder to manage. In response, many organizations are making targeted investments in digital transformation initiatives to help improve their NPI processes.

Join us for a discussion between Supplyframe CMO, Richard Barnett, and Lifecycle Insights Chief Analyst and CEO, Chad Jackson, as they review findings from a 2021 NPI and Sourcing study commissioned by Supplyframe.

Engineers and designers grapple with new, significant challenges to their product development processes. These processes now require radical change to successfully and succinctly develop next-generation products, while keeping pace with consumer and market demands.

This brief reviews those challenges, revealing the emerging collaborative approaches and technologies that can minimize disruption during this period of ongoing product evolution.

The fluid power industry is now entering a period of change. The components and systems are increasing in complexity. All these issues are converging, creating a set of demands that fluid power manufacturers have to now fulfill to create next-generation smart, connected products and systems.

These products must be configurable from the top down and bottom up, while minimizing energy expenditure, and maximizing uptime. It’s a complex balancing act, but one which fluid power manufacturers need to master at every point in the product development lifecycle to survive and thrive in this dynamic market.