Manufacturers Look to Collaborate on and Streamline Product Development (Strategy Focus)

As manufacturers face increasing pressures on their product-oriented strategies, many are starting to look more closely at how they can optimize existing, and develop new processes to bring products to market faster. Areas such as collaboration, information management and technology are on the top of manufacturers' product agendas.

Report Highlights


Datamonitor believes that, like innovation, collaboration will be one of the key drivers within the manufacturing industry in the short-, mid- and long-term. It will effectively drive a change of culture within many manufacturing companies, as multiple organizational units look to work together more closely and introduce better products faster.
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DATAMONITOR VIEW 1
CATALYST 1
SUMMARY 1
METHODOLOGY 1
ANALYSIS 2
Manufacturers are trying to bring in more parties to the collaboration process 2
Collaboration is being used to improve time to market 2
A wide range of people are involved in product lifecycles 3
Outsourcing is providing manufacturers with another option 5
Collaboration is increasingly bringing in people from around the world 5
Datamonitor believes that collaboration will be one of the key drivers for the manufacturing industry 6
Information management is a high priority for manufacturers 6
A range of product-oriented information needs to be managed 6
Managing information is harder than it sounds 8
Discovering data can be the first hurdle, particularly in large manufacturing companies 8
The structure of information and data is often highly varied 8
There is an increasing number of information associations and dependencies 8
The manufacturing landscape is evolving with M&A leading to perpetual information management issues 8
A number of core processes can be better supported through intelligent information management 9
The issue of information management is one that Datamonitor sees as a long-term challenge 9
Implementing product lifecycle management software is an emerging strategy 10
PLM focuses on managing a product's entire lifecycle from concept to retirement 10
A range of processes are supported and enhanced by PLM technology 12
A number of factors will influence a manufacturer's PLM strategy 13
Existing xCAD systems will play a large role in the decision process 13
A phased approach will be the most likely route taken 13
APPENDIX 15
Definitions 15
Extended methodology 15
Further reading 15
Ask the analyst 16

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Figure 1: A range of organizational units currently collaborate on product development 4
Figure 2: Most large manufacturing companies collaborate across multiple countries 5
Figure 3: A variety of information needs to be managed within a manufacturing company 7
Figure 4: Product lifecycle management technology focus 11
Figure 5: The strong majority of manufacturers rely on email for collaboration 13
Figure 6: A phased approach will be the most likely PLM strategy for manufacturers 14

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