IT engineering and manufacturing leaders in capital equipment face many strategic and operational challenges, including cost and margin pressures, increasing competition from global and local players, emerging market complexity, global supply chains, and new technologies. These challenges by increasing efficiencies within each area of the product lifecycle management cycle—engineering, sourcing, manufacturing, and service—with each functional team working to achieve its own objectives. This approach often results in lower return on investment and delays in new product introductions, which ultimately lead to lower market share and customer dissatisfaction.
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