Auto Executives Cite Need to Manage Costs Early in Product Development; Spry Survey Reveals Critical Areas for Improvement.Business/Technology Editors & Automotive Writers DETROIT--(BUSINESS WIRE)--Aug. 28, 2002 Over 90 percent of automotive executives revealed in a questionnaire that their inability to track the financial impact of engineering changes is eroding their profitability. A major trend that emerged pointed to the escalating costs linked to collaboration demands of increasingly complex product launch processes. The survey, taken at the AUTO-TECH Conference, Detroit, Michigan “Detroit” redirects here. For other uses, see Detroit (disambiguation). Detroit (IPA: [dɪˈtʰɹɔɪt]) (French: Détroit, meaning strait was sponsored by Spry Technology, a provider of custom internet solutions that improve product launch profitability. Seventy-five percent of those surveyed said the complexity of their products and the number of partners involved in the product launch process is increasing, a trend that is making the challenge of achieving product launch profitability even greater. While five percent report satisfaction with their product launch process, almost 75 percent report that they have considerable issues managing multiple disparate information systems, needing to re-key data and spend an excessive amount of time searching for information. Additionally, the Spry survey revealed that: -- Only 26% said their existing systems were effective in tracking the financial impact of customer-driven change -- Over 70% of the respondents believe the number of partners involved in the product launch process is increasing Spry Technology, which launched its automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. product launch profitability initiative at AUTO-TECH, offers automotive executives the ability to track customer-driven change. About Spry Technology Spry Technology helps companies increase product launch profitability with custom Internet solutions that provide an enterprise view of changing product and program information. Spry's solutions integrate information from disparate systems; manage collaboration internally and with customers and partners; provide visibility into cost drivers and predictive tools to optimize optimize - optimisation profitability; and help companies evaluate and respond rapidly to new customer opportunities and change requests. Major clients include ADC (1) See A/D converter. (2) (Apple Display Connector) A peripheral connector from Apple that combines digital video display, USB and power in one cable. , Johnson Controls Johnson Controls, Inc. (NYSE: JCI) is a United States company, based in Milwaukee, Wisconsin, specializing in the design, manufacturing, and installation of automotive systems, automotive batteries (Optima[1] based in Denver, Colorado) and climate control systems. , and Tyco Electronics Tyco Electronics was the largest unit of Tyco International Ltd., and the world's leading supplier of passive electronic components. On June 29, 2007 Tyco Electronics became a wholly independent publicly-traded company, along with Covidien, from the breakup of the Tyco conglomerate . Spry is a MatrixOne co-development partner and an IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) WebSphere advisory board member for manufacturing. For more information about Spry, visit them on the web at www.spry-tech.com. |
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