Enhance Innovation, Quality and Growth With Product Lifecycle Management In Aerospace and Defense
Product Lifecycle Management Yields Results
- Reduce costs and increase speed to market by integrating and tracking functional requirements throughout design.
- Develop more products, more quickly, by increasing engineering productivity up to 15 percent.
- Cut product development cycles in half by using digital prototypes that can be shared and easily revised.
- Reduce manufacturing-related costs by 30 to 60 percent by reducing the need for retooling.
- Boost engineering capacity and eliminate redundant parts by increasing component reuse by up to 75 percent, and improve the ability to sustain the products in the aftermarket.
Step Into Transformation
In working with 21 of the top 25 Global 1000 manufacturing companies, EDS has developed best practices to implement a product lifecycle strategy. We recommend using a holistic business approach to develop an ongoing program that continually expands and improves product management. But that doesn’t mean companies have to wait for results.
You can implement short-term improvements that take only six to 12 months to complete. These steps create direct, measurable impact to accelerate product launches, improve profitable growth for mature products and extend product life.
In a step-by-step approach, investment and change are synchronized and connected to make visible business improvements. These short-term improvements build credibility for product management and support for continued funding. Right away, you’ll be able to speed up new product manufacturing and reduce warranty issues.
And, best of all, overall product quality will improve because of better design, production and sustaining processes. This reduces the risk associated with design work handled by teams in multiple countries and across multiple companies.
In working with our clients, we’ve seen aerospace and defense companies achieve the following:
- Accelerate time to market while reducing risk in the overall program
- Eliminate redundant parts and reduce inventory by 5 percent to save top-line expense
- Reduce R&D spend through engineering productivity
- Increase the number of new products developed by 50 percent
Lt. Col. Richard McSpadden, an EDSer, is pictured in the photo on page 4 of the industry business issue overview PDF, 661K