Gaining Greater Efficiency In Cost-Savings, Time-To-Market and End-To-End Management Of Products Rank High Among APEJ Manufacturers, Says IDC Manufacturing Insights Asia/Pacific
Singapore and Hong Kong, July 23, 2009 – Manufacturers in Asia/Pacific (excluding Japan) or APEJ across all industries* are striving for greater control of the product life-cycle management (PLM) process so as to gain greater efficiency in cost-savings, time-to-market and end-to-end management of their products. More insights are revealed in IDC Manufacturing Insights’ latest study, Business Strategy: Business Drivers and Process Improvement Imperatives in the Asia/Pacific (Excluding Japan) Product Life–Cycle Management Market, 2009” (Doc # AP668103S), which presents the drivers of PLM adoption across four industry subverticals – automotive, high-tech, consumer goods, and chemical/petrochemical – in the APEJ region.
Dr. Christopher Holmes, Vice President of IDC Manufacturing Insights Asia/Pacific says, “We noticed that increasingly, manufacturers are adopting fact-based decision making when determining the viability of a product. Total cost of developing a product, potential risks of not meeting the product launch date and material make-up of a product are examples of information that manufacturers are gathering in order to assist them in making decisions related to launching the product.”
Dr. Holmes adds, “In order to facilitate information access, we are seeing growing interest in the use of PLM applications such as project management, computer aided engineering and compliance management applications. All these tools are allowing companies to gain tighter control of the PLM process and to facilitate efficiency improvements.”
The following are the key findings of this study:
Companies are looking outside of the four walls of their enterprise to drive efficiencies and improve lead-time in the product development process. Collaboration with suppliers, the incorporation of customer feedback, and the use of outsourced design and development are all initiatives that companies plan to undertake in 2009.
Innovation is taking a back seat, as it is expensive. The traditional leaders in innovation — automotive and high-tech companies — appear to be scaling back. Out of all the industries, consumer packaged goods (CPG) companies are most focused on driving innovation.
Compliance management is increasing in importance. Companies within the region are paying more attention to compliance management, especially smaller organizations as they are now being pressured by customers and the OEMs to reach compliance.
For more information about purchasing the research, please contact Elaine Chia at +65-6829-7758 or .
*about IDC Manufacturing Insights Asia/Pacific’s Business and IT Priorities survey
Results from this report were drawn from IDC Manufacturing Insights Asia/Pacific Business and IT Priorities survey, which was conducted from March to April 2009 among 429 manufacturing companies in Australia, India, Korea, Malaysia, Peoples Republics of China (PRC), Singapore, Taiwan and Thailand. The survey was conducted across the automotive, high-tech, consumer packaged goods and chemical subsegments.
about IDC Manufacturing Insights
IDC Manufacturing Insights provides business and IT decision-makers with fact-based research and analysis to inform and support critical business decisions. The global independent research and advisory firm closely follows processes associated with the design, development and distribution of goods across markets including Discrete Manufacturing, Process Manufacturing, High Tech/Electronics Manufacturing, Consumer Packaged Goods and Retail. IDC Manufacturing Insights' research and analysis is critical for end-users, as well as hardware and software vendors, service providers, and purveyors of IT outsourcing. IDC Manufacturing Insights is headquartered in Framingham, Mass. Visit for more information. IDC is a subsidiary of IDG, the world's leading IT media, research and exposition company.
