Companies typically instigate engineering change management initiatives to control cost or improve efficiencies. However, in a recent research published by
, 63 percent of respondents indicated "time to market" as the top driver to improve engineering change management performance. Aberdeen
An efficient engineering change process can cut up to 33 percent off the typical product development cycle; however, 54 percent of companies lack a single repository to review, analyze, approve and track engineering changes across products. Some of the key drivers to improve engineering change management performance today are increased regulations and compliance, global teams and outsourcing, product complexity and variations, global competition and cost pressure, higher cost of quality, and customer satisfaction and loyalty.....
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