The Digital Product Development Benchmark Report: Migrating ...

The Digital Product Development
Benchmark Report

Migrating to a paperless process




March 2007

— Underwritten, in Part, by —













The Digital Product Development Benchmark Report

Executive Summary
he message from the executive suite is a hard one. Deliver more products of in-
creasing complexity on smaller budgets. With little or no time to proactively con-T trol the oncoming wave of digitization of their product development process, most
manufacturers are simply caught between a rock and a hard place. Yet some of
these companies are not only mitigating this rising tide of electronic information in the
product development process, they are leveraging it for competitive advantage. How is it
possible? Interestingly enough, it’s quite simple.
Key Business Value Findings
• Best in class manufacturers hit their revenue, cost, launch date, and quality targets for
91% or more of their products.
• By building one fewer prototype than all others, top performers gain between a 13 to
99 day time to market advantage and spend between $7,600 and $1,200,000 less in
development costs depending on product complexity.
• By executing 5.4 fewer change orders than all others, top performers gain a 51 day
time to market advantage and spend between $8,000 and $32,000 less in develop-
ment costs depending on product complexity.
• Best in class performers have a 16% higher rate of design reuse than laggards. ...