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
competition.
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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