Valuable business advantage
PTC's product development system is different from traditional enterprise applications that require large, top-down data modeling and lengthy implementation cycles. With its flexible, Internet-based PLM solution, the system offers many benefits that improve product quality, accelerate product development, and improve efficiency.
A survey by Giga entitled "The Total Impact of Product Collaborative Development on the Economy" suggests that the benefits of using an enterprise PLM solution are:
Product development cycle time reduced by 40%
Accelerate information sharing among designers by aggregating the robust collaboration spaces of required information, project timelines, and activity allocation.
The number of occurrences of process errors has been reduced by 50%
It ensures that the partners use the latest and accurate product data.
Travel expenses for product development have been reduced by 65%
The ability to collaborate is enhanced, and the collaboration space aggregates all the necessary information and includes forums and meeting spaces for design review and other virtual meetings.
Engineering change order processing time reduced by 85%
Provides automated, standards-based engineering change processes (generating requests, analysis, and notifications) that include activity tracking that supports data, distribution, and monitoring.
Time to market has been reduced by 40%
The delivery and exchange of product data between design and manufacturing is connected to meet the time-to-market requirements.
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