New Product Introductions play an important role in helping discrete manufacturers develop a competitive edge and satisfy demanding customer needs. This Aberdeen report discusses survey responses of successful manufacturers and provides actionable advice for improving speed of new product introductions.
Download the report to learn:
- Manufacturers surveyed say nearly half of total revenue comes from newly released products.
- Products released on time result in lower overall costs, higher revenue and 72% higher profit margins.
- A Product Portfolio Management (PPM) or Product Lifecycle Management (PLM) approach stresses automation, risk mitigation and visibility.
- Discrete leaders report doubling their ROI, 18% more projects reach ROI goals, by using software solutions to automate the product introduction process.
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