Business Strategy: Creating New PLM Economic Models -- Balancing Innovation and Reuse

LONDON, Jan. 15, 2014 /PRNewswire/ -- Reportbuyer.com just published a new market research report:

Business Strategy: Creating New PLM Economic Models -- Balancing Innovation and Reuse

This IDC Manufacturing Insights report discusses a PLM economic model that emphasizes balancing a company's ability to innovate and create new product concepts and ideas, with the company's ability to leverage and reuse existing knowledge and IP. Technology complexity, operational complexity, and business pressures demand that companies excel in decision making and innovation across the product life cycle. A key part of the solution is to capitalize on reuse -- both to drive efficiencies and to accelerate innovation. While traditional reuse strategies can offer many benefits, applying existing IP in new and different ways can also serve as a cost-effective and efficient means of delivering innovative products faster.

"Many manufacturers today fail to leverage the valuable knowledge and IP contained within existing products to serve untapped markets and use cases, and even with the use of emerging technologies, manufacturers fail to effectively combine input from customers, partners, and internal sources to develop more profitable products, more efficiently and cost effectively. A new approach, one that enables manufacturers to make more informed decisions, faster, and that includes considerations from every stage of the product life cycle, is needed." -- Amy Rowell, research manager, Product Lifecycle Strategies at IDC Manufacturing Insights.

Table of Contents

IDC Manufacturing Insights Opinion

In This Study

Situation Overview

The Challenges in Product Development

Ineffective R&D/Innovation Management

Poor Stage-Gate Selection and Portfolio Planning

Lack of a Truly Integrated Product Development Environment

The Approach

Product Life-Cycle Economics and a Multidisciplinary Framework

Balancing Vitality and Stability

Optimizing the Product Portfolio

Achieving Productive Innovation

Evaluating the Impact of Innovation

Leveraging "Lessons Learned" in Innovation

A Lean and Pragmatic Approach to Innovation

Informed Decision Making

Capitalizing on Reuse

Future Outlook

Essential Guidance

Actions to Consider

Learn More

Related Research

Synopsis

Table: The Benefits of Reuse

Figure: Typical Corporate R&D Spending Levels

Figure: Vitality-Stability Balance in Portfolio Management

Figure: IDC Manufacturing Insights' Decision-Making Framework

Read the full report:
Business Strategy: Creating New PLM Economic Models -- Balancing Innovation and Reuse
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