Competitive environment, rapid technology changes, changing user needs and business expansion in new geographies are driving product companies to launch new products and enhancements in quick succession.
This need for expansion across geographies, along with technological evolution and growing product portfolios is leading to scale and cost concerns. EGS provides the scale to manage products, which in turn allows your core team to concentrate on new product development and innovation. As a result, the expenditure on product sustenance decreases by 20-30%. The major activities are value engineering, product enhancements and upgrades, service call managements,warranty cost reduction, engineering issues resolution and management.
Mergers and Acquisitions make matters worse as they result in multiple organized product lines that require heavy investments. Activities such as minor updates to BoM, drawings, data migrations (drawings from one platform to other digitization of reports etc.) are necessary for complete integration. These tasks are usually process intensive, demand quick turnaround, need familiarization to the customer processes and are voluminous.
Benefits to Client:
- Capacity for Innovation, as core team members are free to focus on Innovation
- Reduced cost of ownership by minimizing sustenance costs
- Reduced overall workload, resulting from the reduction of management overheads
- Maintaining and growing product market shares by enhancement and upgrades
All rights Reserved. Crafted by Srvmedia Pvt. Ltd.