The business value of reducing time wasters and increasing engineering productivity

Reduce time wasters and increase engineering productivity with PLM software.

Engineering productivity takes a hit when roadblocks and time-wasters are unavoidable.

Whether it’s interruptions, redoing work, or poor collaboration, lost engineering time cannot be regained and productivity suffers.

However, with the right tools in place, many time wasters can be lessened and even eliminated.

This ebook examines the research of how engineers spend their time, where they lose productivity, and the impact on business.

Find out how to reduce those time wasters and increase engineering productivity. For a personalized assessment, try our PLM return-on-investment (ROI) calculator.

Product Development Strategy – Research Results by Tech-Clarity

An effective product development strategy is central to the success of a company according to research results by Tech-Clarity. Of every company surveyed in this research, the majority of small and medium-sized businesses said expanding product lines with new offerings, brand differentiation, and expanding into new markets were their top priorities. None of those things can be accomplished without a detailed product development strategy in place. Executing that strategy requires a solution capable of maximizing engineering productivity and minimizing any engineering time wasters.

Implications of Time Wasters for Engineering Productivity

Any time not spent engineering new or improved products is an engineering time waster, which can lead to missed deadlines, higher product costs, poor product quality, and more. According to research results from Tech-Clarity, 96 percent of businesses reported lost engineering productivity negatively impacts their business. Larger companies are more likely to focus on the cost, but smaller companies are more likely to report on the effect this has on quality. As a result, a strategic focus on reducing wasted time will have a significant positive business impact.

Experience the benefits of PLM SaaS

With a SaaS PLM solution in place, everyone involved in product development gains quick and easy access to the data they need with little to no IT support. Take a look at Teamcenter X PLM SaaS and try Teamcenter X for free for 30 days!

How PLM Reduces Time Wasters for Engineers and Implications to the Business

Product Lifecycle Management (PLM) solutions can help to eliminate the engineering time-wasters currently hurting businesses.

Surveyed engineers in Tech-Clarity’s study revealed their top six benefits of PLM software:

• Ability to centralize data
• Manage product data across multiple domains
• Ability to manage processes
• Better collaboration
• Traceability across project information
• A single, unified bill of materials

Business Value from PLM

Quantifying an engineer’s time into hard business terms can be abstract, but there are ways to translate engineering time into measurable impacts.

For example, businesses can measure things like development time and cost savings through reduced scrap.

See the value of PLM for your business by trying the Tech-Clarity PLM ROI calculator.

Tech-Clarity’s study found multiple measurable improvements gained from implementing PLM:

• Development time
• Reuse
• Time spent on rework
• Cost of scrap
• Time spent managing changes
• Time managing BOMs
• Time managing configurations