Organizations that produce complex products have often struggled with how to make their processes more streamlined. Whether that is on the product design side, or the selling side, the number of possible product configurations creates complications when trying to scale.
But what happens when th ... Read more
The industry is full of terms like Engineer-to-Order and Mass Customization [1]. These used to only apply to consumer products, but within the past several years there has been a noticeable change in customer expectations. Every industry is subject to the expectation that a consumer can go to a ... Read more
At Configit, we believe being able to quickly try things out, iteratively collaborate, analyze ‘what if’ scenarios, are keys to having a strong culture of innovation. With an outside-in perspective that is more top down from sales, rather than bottom up from engineering, can accelerate product ... Read more
Most organizations utilize a product configurator solution at various levels of maturity to manage configuration of products and/or services. Configit, a leading enterprise configurator platform provider, states that their customers are able to reduce the overall time of the product lifecycle b ... Read more
Every business needs to keep growing by innovating or risk seeing their core markets shrink by 60% or more in three years due to rapid advances in digitization according to IDC. Digital technologies are enabling entirely new ways of optimizing existing business strategies & models and grow ... Read more
Having a good product configurator can be the difference between getting orders right, or having costly errors in production. Determining the size and type of configurator your company needs is key. A product configurator that is too weak can put the company at risk by introducing errors in the ... Read more
Looking for new ways to grow revenue and escape commodity-like price wars, manufacturers are aggressively pursuing new business strategies. To keep growing in 2019 and beyond, every manufacturer needs to transition away from being 100% dependent on transaction revenue and start growing new busi ... Read more
Manufacturers growing the fastest today approach digital transformation entirely differently than their slower-growing peers. A recent survey of 250 North American manufacturers by Configit found the following:
Manufacturers growing 10% a year or more excel at orchestrating PLM, CAD, ERP, and ... Read more
Recognizing that customers are co-creators in the creation of new products and want the freedom to define custom configurations at a competitive price, manufacturers are quickly adopting digital transformation. Defining and excelling at a digital transformation strategy needs to start with the ... Read more
Manufacturers are predicted to rapidly increase spending on digital transformation of their operations from $152B in 2017 to $479B in 2023, attaining a 21% Compound Annual Growth Rate (CAGR) according to Statista.
Digitally transforming factories are revolutionizing manufacturing by enabling a ... Read more
