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White Paper Description
In today's global economy, industrial manufacturers face complex challenges, such as fluctuating market conditions, aggressive competition, pricing pressures, and rising costs for raw materials. By incorporating strategies for commonality, standardization, and reuse, design and manufacturing process can become more effective and increase an enterprises competitive advantage in the foreign markets.
Related Topics: Product Lifecycle Management (PLM), Product Development and Portfolio Management (PPM)
Related Industry: Manufacturing
Related Keywords: Industrial manufacturing, portfolio planning, product commonality, closed loop product design, total cost management, sourcing
Source: IBM
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Cost-effective supply chains: Optimizing product development through integrated design and sourcing
