The goal of a modern manufacture isnt to just make better things improve products and better fulfil customer needs- but to also make things better improve the planning and execution of business processes.
From the survey, its revealed that:
- 71% believe that optimisation of manufacturing operations and execution will be the price of entry for competitive firms in three years time.
- During that same time 68% of manufacturers will undergo significant business process transformation
Which strategies will manufacturers use to create value?
While the effects of the changing manufacturing landscape vary depending on industry, region and size, manufacturing firms are taking steps to differentiate themselves. Over the next three years:
- 51% plan to accelerate product innovation
- 48% aim to reduce time-to-market
- 36% want to increase service revenue
- 29% want to increase customer satisfaction
- 28% want to improve product quality
For all the details, take a look at the full report at www.ptc.com/go/oxford
