In today’s market, manufacturers face a complex balancing act: increasing revenue and market share while simultaneously optimizing cost, time to market, and product quality. This IDC InfoBrief, sponsored by Autodesk, explores how leading manufacturers use Cloud-Based Product Lifecycle Management (PLM) to navigate these challenges and achieve repeatable success.
Key Insights for Modern Manufacturers
Top Performance is Data-Driven: The top 20% of manufacturers meet management targets for cost, revenue, and quality at a mean rate of 88%, compared to just 48% for the bottom tier.
Quality is the Priority: Increasing product quality is the #1 priority for manufacturers worldwide, regardless of industry or region.
The Power of the Cloud: Cloud PLM serves as the “system of record,” offering essential data accessibility, workflow agility, and quicker time to value.
Cloud-based solutions allow manufacturers to incrementally improve workflows and expand capabilities with each success. It bridges the gap between design and manufacturing, which is critical for delivering products on time, on budget, and at scale.
Are you ready to optimize your product development?
Improve Collaboration: Connect internal teams and external suppliers seamlessly.
Drive Innovation: Leverage AI/ML and analytics for faster, fact-based decision-making.
Ensure Sustainability: Use PLM to design sustainable products and reduce manufacturing waste.