Product Development Effectiveness
Automotive companies leverage Product Development Effectiveness for:
- Reduced time-to-market for new products
- Enhanced product innovation
- Reduced quality issues in product development
Business Challenges
- Product Development costs account for 3%-6% of revenues. Product Development cycle time ranges between 24-36 months.
- Up to 70% Product Development resources execute non-core activities
- Processes and procedures vary significantly from site to site
- Globalization of customer bases results in redistribution of engineering coverage in key growth markets
Product Development Effectiveness helps you:
- Set up engineering offices at locations offering low-cost and a highly skilled workforce
- Manage growth due to an upsurge in product development and product innovation
- Reduce product development cycle time by leveraging the 24 hour work cycle
- Enhance focus on manufacturability of product designs
- Reduce the cost associated with design and development while optimizing and synchronizing the performance of captive design units
Infosys’ Product Development Effectiveness solution offers flat world advantages of cost reduction, faster time-to-market and increased innovation by setting up Offshore Engineering Development Centers (OEDC).
Our solution follows a three-phased approach, enabling automakers’ and their suppliers’ design organizations to transform product development activities .
Read about our Engineering Services Practice