EP&T: Targeted digital transformation initiatives benefit OEMs
by EP&T Magazine
Supplyframe, Lifecycle insights study highlights growing electronics product complexity.
Source: Getty Images
The targeted investments that global manufacturing leaders are making in digital transformation initiatives are resulting in more successful product launches, according to research from Supplyframe and Lifecycle Insights.
A new 2021 NPI and Sourcing Study surveyed over 250 product design, engineering, manufacturing, and supply chain professionals who work in organizations across industries like consumer electronics, industrial equipment, automotive, and telecom. Participating organizations averaged between $750-million and $2-billion in revenue.
The results of this study clearly highlight how innovation in the areas of new product introduction and cross-functional collaboration with supply chain, procurement, sales, and finance can improve key performance indicators such as product gross margin, time to market, market share gains, and reduced exposure to supply chain risks.
This article originally appeared in EP&T. You can read the full version here.
