Accelerating Product Development through Networked Applications PPT

This PPT slide, part of the 49-slide Best Practices in Direct Material Procurement PowerPoint presentation, presents a case study of a datacom manufacturer that has effectively accelerated its product development phase through the implementation of networked applications. The left section outlines the process step supported by IT, specifically focusing on material specification. Key activities include the joint design and development of new products, specifying material requirements, and managing specification changes. This highlights the collaborative nature of product development and the importance of precise material management.

The central part of the slide details the IT solution, emphasizing the use of networked applications for new product introduction. These applications link internal data repositories with those of suppliers, enabling engineers to automatically gather product data. This integration streamlines the process by aggregating essential product information, such as the bill of materials, and transmitting it directly to suppliers. The functionalities outlined suggest a significant reduction in manual data handling, which can often lead to errors and delays.

On the right, the benefits for procurement are clearly articulated. The slide notes that the assembly time for bill of materials has drastically decreased from one to 2 days to less than 15 minutes. Additionally, the average number of product prototypes has been reduced, leading to a faster overall development cycle. The time to volume for new products has been cut by 25%, which is a substantial improvement. Financially, the company has seen an annual revenue enhancement of $100 million, alongside a reduction in R&D-related costs by $21.5 million. These metrics underscore the tangible impact of technology on operational efficiency and profitability, making a compelling case for potential customers considering similar IT solutions.

This slide is part of the Best Practices in Direct Material Procurement PowerPoint presentation.

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