Product engineering domain is experiencing new innovations at a frequent pace due to globalization and technological innovation. Companies are in vigorous efforts to attain grip over the current market trends and plan for future business challenges to match with the competitiveness in the market. Novel equipment manufacturers (OEMs) are intending to achieve cost control and implement agile methodologies with the help of IT services. With the increasing competition in domestic and international markets, manufacturers are finding way to keep them technology updated. A right mix of technical expertise with engineering solutions is the only key for product owners to sustain the market.
Innovative engineering solutions are helping many firms to resolve such challenges which was never expected to be sorted. Manufacturers are now able to make things work fast after the implementation of the product engineering solutions by trimming production cycles. This helps to stand out in competition and recognize as an independent product in the market. In the world of intelligence, there is no place for traditional software product, therefore intelligent engineering solutions is rising its demand. Also, with embedded systems are convincing market operators to expand their product portfolios with the new features.
Why OEM’s would need an Engineering Services partner?
1. Nurturing of an idea and take it to a product
2. Extending hands of expert product engineering team
3. All-time outsourced engineering services company for complete product development
4. Transferring all headaches of quality assurance and testing, crowd testing, maintenance etc.
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Product Requirement Document – many a times, companies could create a Product Requirement Document (PRD) with functionality and feature list, however when simple review reveals that many intrinsic details could be missing and details are missed out with the assumption that PES team would have a complete understanding to think, design, create and develop.
Pre-decided budgets – Companies, often have a perceived fixed budget in mind, and naturally would want to get maximum functions and features delivered.
Change request after aligning with a PES – Sometime, after the deal is signed, customer may tend to add few newer requirements, for which PES team could show resistance as he could have already planned resource allocations and budgets.
Poor documentation – Many a times the project deliverables are discussed, but the outcome is not documented. Many discussions are based on the general market trends and not focused to the specific ask by companies, which could lead to a major misunderstanding between Companies and PES team over a period of time.
Companies could have their priority mixed up in terms of launch date and how many features/functionalities to be launched and could be under pressure to launch with many rich features.
As we continue to read this article companies would realize that a majority of reasons listed above could be avoided and, thereby, saving precious time and resource, for their next product release.
