Product Development - Frontech Solutions Inc

By: Frontech  09-12-2011
Keywords: Product Development , Exchange Rate

In times of incoming recession, a LEAN PRODUCT DEVELOPMENT PROCESS plays a pivotal role in creating profit margins that allow businesses to sustain growth.
In the past, product development inefficiencies were compensated through sales volumes, while in today's shrinking marketplace that is not an option.
Successful businesses needs to keep a close watch on target price; while keeping a finger on the pulse of the market and making real time adjustments to the product line and process.

FTI’s system helps deliver innovative products to market faster by streamlining communication between product development teams, suppliers and their customers.

CPD offers users an end-to-end collaborative product development solution that covers every aspect of the product development process.

Features

  • Improves communication between product development teams and their suppliers.
  • CPD offers users an end-to-end collaborative product development solution.
  • Enhanced visibility and collaboration.
  • CPD allows authorized developers and suppliers  to make changes to the product data at anytime.
  • As changes are made, , the information is updated in real time and propagated across the development chain.
  • The entire extended team is notified of any last minute changes.
  • Multi-currency/dynamic exchange rate features work to calculate currencies within the system by taking into account current exchange rates.  This is particularly useful when the product components calculated by suppliers are expressed in NT$ and FOB price in US$.
The information in this article was current at 06 Dec 2011

Keywords: Exchange Rate, Product Development

Other products and services from Frontech

09-12-2011

Purchasing - Frontech Solutions Inc

Values captured through the process enable enterprises to negotiate the best possible rates with vendors and suppliers during the purchasing process. Successful purchasing strategies develop as a result of understanding required resources, and drives enterprise profit margins. FTI’s system provides clear insight into resources required to build existing product lines and developing new products.


09-12-2011

Solutions - Frontech Solutions Inc

Our product can improve performance and offer you the power to control your entire business through the integration of all crucial aspects of your product lifecycle and value chain, regardless of your global location. Frontech Solutions provides the world with an exciting, highly efficient and adaptive range of products and services that support the most advanced business requirements.


09-12-2011

Manufacturing - Frontech Solutions Inc

In order to satisfy increasing demand for quality and efficient delivery of products to the customers, manufacturers need to deliver on time and on budget. FTI's system integrates and monitors all parameters to empower manufacturers to create quality products that are made to spec on time. Material sourcing and price consolidation.


09-12-2011

Quality Management - Frontech Solutions Inc

For businesses to bring their product to market at expected quality, quality control checkpoints across the supply chain are essential. Frontech Solutions provides a system that allows users to clearly define and deliver products at expected quality. Tracks all variables (cost, materials, customer feedback. Improves communication between developers and customers.


09-12-2011

Prototyping - Frontech Solutions Inc

A prototype is often used as part of the product design process to allow engineers and designers the ability to explore design alternatives, test theories and confirm performance prior to starting production of a new product. Our system has centralized all captured data from the initial design and delivers a clear picture of resources required, while maintaining the original idea and hitting the target market and accomplishing the original task.


09-12-2011

Procurement - Frontech Solutions Inc

We cannot influence changes in traditional supply chain management, however we can improve businesses’ procurement process while providing critical information to all participants. Today’s demanding market requires efficient procurement while maintaining a product's profitability and bringing it to customers "just in time.. Costing and costing systems are related directly to the bill of material and they evolve as the product is developed.


09-12-2011

Distribution - Frontech Solutions Inc

Frontech Solutions provides an ultimate link throughout distribution channels, by making clear product specifications, price, and available options transparent to targeted customers. FTI's set of planning and tracking tools allows for dynamic changes and updates to product distribution and delivery, while maintaining expected profit margins.