What makes a product development company successful?
Australian manufacturers are under constant pressure to get
products to market faster while improving profit margins to keep ahead of
The best performing product development companies deliver low cost, high quality products while meeting their deadlines. This helps them deliver on 87% of revenue targets and increase profit margins by 15%.
Top performing manufacturers realise their success can come from within, creating a focus on process efficiency improvements which are credited as having the most significant impact on revenues and margins by twice as many best in class organisations.
Every organisation is looking for a competitive advantage, but how do they do it? A study conducted by the Aberdeen Group reveals that best in class organisations in new product innovation, design and development have identified engineering talent and technology tools as the key enablers of their success.
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