Document Overview

Technology Selection: Looking Beyond Product Life-Cycle Management for Asset-Oriented Manufacturers

Overview

This IDC Manufacturing Insights report examines how asset-oriented value chain (AOVC) companies are making product life-cycle management decisions, given their push for innovation as they work within the constraints of processes and plants. Asset-oriented value chains invest heavily in manufacturing plants and produce large volumes of base materials such as chemicals, metals, and pulp/paper. Manufacturers in these segments are constantly investing in R&D to fund innovation — in the product and in the process. And there's a tremendous amount of pressure to increase return on assets (ROA) for existing plants as well as efforts to plan for growth in the years ahead.

"Because of the importance of the connections between the product, process, and plant, we've examined these intersections in AOVC. Companies often rely on different tools to manage each of these 'P's, but it's time to take a step back and rethink how these disciplines should work together to enhance overall business performance," writes Kimberly Knickle, practice director, IDC Manufacturing Insights.

Product Life-Cycle Strategies

Worldwide

Insights: Manufacturing, Domain Focus, Industry Focus