PTC unveils research findings on transformation of manufacturing industry

PTC has released the findings of a study by Oxford Economics which identifies the strategies that manufacturers are adopting to transform their businesses and differentiate themselves for competitive advantage. The study also discovers the reasons which lead towards strategic transformation in the global manufacturing industry.
 
Lou Celi, President, Oxford Economics Americas, said, Our survey and interviews with market leaders show that manufacturing companies are transforming their businesses in many fundamental ways to respond to market shifts and technology trends. The priority for manufacturers today is to make better things  creating innovative and distinct products and services that meet customer needs  while continuing to make things better. True competitive advantage can only be achieved by tightly coupling the engineering, service planning and execution, management, and production processes through which innovation can evolve from conception to execution, and by creating a closed feedback loop to ensure continual improvement and alignment across the business.

“The Oxford Economics study provides valuable insights into how the manufacturing industry is responding to the need for new sources of competitive advantage. By delivering technology solutions that transform the way that products are created and serviced, we enable customers to transform their businesses to achieve ongoing product and service advantage,” said James E. Heppelmann, President & CEO, PTC.
 
Based upon the research, Oxford Economics concludes that well-executed transformation efforts can produce significant business results.