Findings from a new Aberdeen Group benchmark report, "Electronics - Correct by Design," also reveal that best-in-class companies average 23% fewer re-spins per product than average-performing companies.
"Electronics companies compete on the basis of time to market," says Ric Stanley, Research Analyst in Aberdeen's Product Innovation and Engineering practice and report author. "The ability of companies that are best in class at electronic design to reduce re-spins and hit their deadlines more frequently than other companies gives them a significant competitive advantage. They are setting themselves apart by adopting design for manufacturability (DFM) processes and technology, high-level verification tools, and product lifecycle management (PLM) solutions."
Specifically, report findings show that best-in-class companies are:
-- 50% more likely than average companies to use DFM tools in all phases of development, particularly early and late in the design process. -- Almost 40% more likely to be using advanced verification tools than other companies, allowing them to spend less time in verification than other companies while hitting their product reliability and performance targets at a 96% and 97% average, respectively. -- 50% more likely than other companies to use product data management (PDM) and PLM solutions to integrate people, processes, and technology -- especially to integrate design processes across departments and integrate design into their new product development process.The report, "Electronics - Correct by Design," is available to the public for free based on the underwriting of Agile Software, Flomerics, Infotech, and UGS. For a complimentary copy, click here: http://www.aberdeen.com/link/sponsor.asp?cid=3862
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Media Contact: Ric Stanley Aberdeen Harte-Hanks (617) 854-5203 Email Contact