With a record 70 billion Euro in sales revenue from it products, fast-growing PROCESS faced mounting business challenges such as flexibility in the design process, speed in product development and the need to be extremely fast-to-market. As a lead supplier of world famous IKEA®, PROCESS sought the best solution to meet the demanding time-to-market deadlines set by the home furnishings giant. The innovative, high-quality woodworking machinery PROCESS designs and produces is integral to the successful marketing strategy of its popular global customer.
Benchmarking against Autodesk® Inventor® which was already in use, PROCESS found that the explicit modeling software from PTC provides the desired flexibility to make changes throughout the entire design process. The lightweight, easy-to-use solution helped Process to quickly optimize its product development process from concept through to production. As a result, PROCESS has gained and secured the necessary competitive advantage it sought for product development.
Additionally, PROCESS is using CoCreate Modeling, to quickly design new products while incorporating customer feedback throughout the project. The explicit modeling software is valued for its ease-of-use and because ideas can be very easily integrated into the virtual prototype by any designer at any time. Work is passed among the design team to keep up with project demand. These factors help bring products to market faster and provide a greater level of transparency for the client throughout the project. PROCESS also uses CoCreate Model Manager to manage its CoCreate data and projects. Using CoCreate Model Manager, designers access only the right version of the model for modification and further development, reducing errors and increasing process efficiency.
“PTC CoCreate, with its explicit modeling approach to 3D design, helps us meet our customer commitment of providing highly innovative, flexible, best-in-class machinery,” said Massimo Mescoli, managing director of PROCESS. “With CoCreate, we can continually adapt new ideas and information in our digital prototype at any stage during development, while achieving incredible speed in design, from concept to production.”
“We are pleased that PTC CoCreate is a determining factor supporting the dynamic growth of this flourishing industry leader,” said Martin Neumueller, CoCreate product management director at PTC. “The PROCESS design strategy is executed optimally with CoCreate, ensuring that PROCESS stays well ahead of the competition to supply its premier customers worldwide.”
PTC (Nasdaq: PMTC) provides discrete manufacturers with software and services to meet the globalization, time-to-market and operational efficiency objectives of product development. Using the company’s CAD, and content and process management solutions, organizations in the Industrial, High-Tech, Aerospace and Defense, Automotive, Consumer and Medical industries are able to support key business objectives and create innovative products that meet both customer needs and comply with industry regulations. For more information on PTC, please visit http://www.ptc.com.
Except for the historical information contained herein, matters discussed in this news release may constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include: PTC's successful continued development of the technologies necessary to offer explicit modeling solutions as part of its evolving product lifecycle management (PLM) solutions suite; the ability of PTC to successfully partner and effectively coordinate and manage joint activities (including development, marketing, implementation and support) with third parties in order to efficiently and cost effectively deliver multiple classes of PLM products and services that meet customer requirements, the success of PTC’s customer satisfaction initiatives and our ability to retain and maintain relationships with key employees, distributors, customers and other strategic partners of CoCreate; and our ability to effectively utilize our resources to support multiple PLM product suites while maintaining recurring operations at satisfactory levels to achieve our operating margin goals, together with such other risks and uncertainties as are detailed from time to time in reports filed by PTC with the Securities and Exchange Commission, including PTC's most recent reports on Form 10-K and 10-Q. The announcement of any particular selection of PTC products is not necessarily indicative of the timing of recognition of revenue therefrom or the level of revenue for any particular period.
PTC and its logo, The Product Development Company, CoCreate, CoCreate Modeling, CoCreate Model Manager and all PTC product names and logos are trademarks or registered trademarks of Parametric Technology Corporation or its subsidiaries in the United States and in other countries. AutoDesk and Inventor are registered trademarks of Autodesk, Inc. Inter IKEA Systems B.V. is the owner of the IKEA concept and trademark.