"The pressures driving product development improvement initiatives for process manufacturers actually hasn't significantly changed," observes Chad Jackson, Vice President & Principal Analyst, Product Innovation & Engineering, Aberdeen Group. "If anything, it just put more emphasis on those pressures. However, we did find that some specific practices around formulation correlated with a 15% net increase in revenues over the past year. That is a significant accomplishment considering how much the economic recession has affected manufacturers over the last 12 months."
The study finds that companies that are successful with managing product development knowledge, centralized management of product information and developing formulas in a structured fashion are often seeing significant business benefits. This report enables readers to take advantage of the lessons learned from these companies while avoiding the pain points and obstacles encountered by their peers.
To obtain a complimentary copy of the report, visit: http://www.aberdeen.com/link/sponsor.asp?spid=30410182&cid=6288&camp2.
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