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
Closing the gaps that exist between customers’ changing needs for configure-to-order products and manufacturers’ ability to deliver them is where the Industrial Internet of Things’ (IIoT) greatest opportunities for growth are today. Manufacturers are transitioning from product-driven revenue to ... Read more
