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Aerospace and Automotive suppliers face ever increasing need to win profitable business, fulfill OEM requirements, cut cycle time and deliver to target.
As suppliers take on more sophisticated (and profitable) business, they face the progressive responsibility to manage greater complexity and deliver a validated tested product. However, they are doing so in an environment that faces greater organizational challenges.
According to independent research firm Tech-Clarity:
- Over half of automotive and aerospace industry companies have challenges closing the loop from requirements to validation.
- The majority of OEMs wait 2+ days for updated information from 3rd parties (suppliers).
- Suppliers frequently work on outdated data, often leading to wasted effort and rework.
- Over 1/2 of Top Performers update 3D models in real time or hourly.
Watch the On-Demand Webinar hosted by Jim Brown, President, Tech Clarity for industry leading insights into these and other supplier challenges.