Reduce Costs Across the Product Lifecycle

Transform your product development processes to drive cost reductions across the enterprise value chain.

Minimize the friction and complexity of product development

The friction and complexity within your product development processes create a downstream ripple effect, which can quickly impact costs and business margins. Common challenges include data silos which limit concurrent work, slow and error-prone processes, and difficulty managing engineering changes.

To overcome these challenges and reduce costs throughout the product lifecycle, it’s critical that companies begin with a strong digital foundation.

Opportunities for reducing costs

Digital transformation can help your business reduce costs across its entire value chain, including the cost of quality, materials, technical documentation, manufacturing processes, service execution, and more.

Digital transformation can help your business reduce costs across its entire value chain, including the cost of quality, materials, technical documentation, manufacturing processes, service execution, and more.

Change management

Reduce costs and risks associated with last-minute engineering changes by establishing a digital foundation with enterprise PLM software.

Reduce costs and risks associated with last-minute engineering changes by establishing a digital foundation with enterprise PLM software. Reduce Cost of Engineering Changes Reduce Cost of Engineering Changes

Materials and design

Reduce costs for materials, prototypes, part assemblies, and more using CAD capabilities such as generative design, simulation, and additive manufacturing.

Reduce costs for materials, prototypes, part assemblies, and more using CAD capabilities such as generative design, simulation, and additive manufacturing. Reduce Costs With CAD Reduce Costs With CAD

Quality

Reduce the cost of poor quality by using PLM and quality management systems (QMS) to prevent quality failures and deal with product defects.

Reduce the cost of poor quality by using PLM and quality management systems (QMS) to prevent quality failures and deal with product defects. Reduce Cost of Quality Reduce Cost of Quality

Compliance

Identify and resolve potential compliance issues before they hurt your bottom line, including recalls and warranties for products that fail to meet required standards and regulations.

Identify and resolve potential compliance issues before they hurt your bottom line, including recalls and warranties for products that fail to meet required standards and regulations. Reduce Compliance Costs Reduce Compliance Costs

Process plans and technical documentation

Derive manufacturing process plans and digital work instructions that help to reduce costs associated with line failures, downtime, and production inefficiency.

Derive manufacturing process plans and digital work instructions that help to reduce costs associated with line failures, downtime, and production inefficiency. Reduce Manufacturing Costs Reduce Manufacturing Costs

Service optimization

Reduce service costs with an asset-centric approach that connects the entire service lifecycle to the latest product information and engineering configurations.

Reduce service costs with an asset-centric approach that connects the entire service lifecycle to the latest product information and engineering configurations. Reduce Service Costs Reduce Service Costs

Reduce costs with PTC technology

Digital transformation minimizes costs and risk across the product lifecycle by enabling companies to manage product complexity, streamline processes, and break down data silos.
Explore how PTC’s digital foundation enables you to reduce product-related costs by giving you more accurate data and more time to plan.

Enterprise PLM

Provide a data foundation from engineering that orchestrates data to downstream departments and systems, so teams can work concurrently with a single source of accurate, real-time data. Explore More

ALM

 Deliver high-quality software by unifying requirements, risk, and test management using agile engineering capabilities. Explore More

CAD

Create 3D models of real-world products before they’re manufactured. Design and analyze 3D parts and assemblies to determine the best version of that object within the scope of design intent. Explore More

SLM

 Manage service, parts, technical communication, and product support with an asset-centric approach that’s complementary to PLM. Explore More

Digital Thread

A digital thread ensures accurate, up-to-date product data is accessible, reliable, timely, actionable, and delivered in context to stakeholders across the value chain. PTC’s portfolio of solutions is uniquely positioned to help product companies leverage their product data as a strategic asset. Explore More

Enterprise SaaS

PTC is leading the way as product development software moves toward SaaS, with many of our solutions already available as SaaS and cloud-native offerings. Explore More

Case studies

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HP

Discover how Windchill PLM is helping HP’s Large Format Printing division minimize complexity and development costs.

View Case Study

Cummins

Discover how moving simulation upfront in the design process helped Cummins cut costs, create better products, and get to market faster.

View Case Study

CUPRA

Discover how Creo’s superior sheet metal capabilities enabled CUPRA to reduce the cost of components by about 15%.

View Case Study

Veoneer

Discover how Veoneer reduced direct tool costs by using Codebeamer to unify its product, engineering, audit, compliance, and manufacturing teams.

View Case Study

Withings

Discover how Onshape helped Withings save $50,000 a year in PDM costs, while letting engineers focus on design instead of data management.

View Case Study

Pitney Bowes

Learn how Pitney Bowes lowered their inventory by $4.7M and their freight expenditure by $250,000 since implementing ServiceMax.

View Case Study
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Improve product quality

Improve quality by ensuring as-built matches as-designed with end-to-end traceability for hardware and software components.

Manage product complexity

Overcome product development challenges to effectively manage product complexity across the value chain.

Drive growth and innovation

Drive growth and innovation by transforming your product development processes. See how PTC helps.

Transform the customer experience

Advance your products faster in the ways that matter most to your customers—and deliver experiences that keep them coming back.

Improve product quality Improve quality by ensuring as-built matches as-designed with end-to-end traceability for hardware and software components. Manage product complexity Overcome product development challenges to effectively manage product complexity across the value chain. Drive growth and innovation Drive growth and innovation by transforming your product development processes. See how PTC helps. Transform the customer experience Advance your products faster in the ways that matter most to your customers—and deliver experiences that keep them coming back.
How product companies are reducing costs

Reducing development costs with concurrent engineering

Learn how to avoid costly product delays and quality issues by using concurrent engineering to identify and resolve cross-discipline conflicts early in the development process.

How to reduce the cost of poor quality

Learn how implementing PLM can help organizations directly lower their cost of poor quality.

Making the case for ALM

Explore how ALM helps software teams save time and costs by empowering them to streamline development processes, collaborate more efficiently, and deliver high-quality software faster.

iRobot’s part-centric approach to product development

Learn how iRobot is using Windchill PLM to tackle component shortages, introduce new variants, and drive efficient product development.

PTC named #1 vendor for enterprise PLM

Discover why PTC was named the Market Leading vendor in ABI’s 2024 PLM for Large Manufacturing Enterprises Competitive Matrix.

Calculate cost-saving opportunities in product development

Learn how much product development mistakes cost with a calculator that includes costs for team expenses and tooling, as well as the impact of lost market opportunities and customer satisfaction.

Key outcomes of a connected workforce

With an empowered, connected workforce, leading manufacturers are boosting productivity, improving quality, and enhancing collaboration.

Contact us

Get in touch with our sales team to learn more about the ways PTC solutions can help your organization reduce costs across the product lifecycle.

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