Business managers around the globe know that getting new products from concept to market quickly at a lower cost is critical to achieving a competitive edge. Studies show that approximately 70 to 80 percent of product cost and time-to-market is determined by the amount of time that it takes to get a product ready for manufacture.

The smartest companies meet the challenge by shortening their product design cycles, collaborating with partners, and even allowing partners to manage entire segments of their supply chain. As a result, these businesses can focus their resources and expertise on the most strategic aspects of their business.

But there are major obstacles for discrete product companies faced with the challenge of bringing high-quality products to market faster and at a lower cost with a supply chain that is spread across the globe. Various aspects of product information must be kept synchronized and must be easily accessible across the enterprise, designers and suppliers must collaborate, product information must be easily accessed, and business processes must be improved.

QuadRite's RitePro™ solution provides a built-in, best practice based information model, business rules and use cases to address the above-mentioned concerns for enterprises. RitePro is an out-of-the-box 3rd generation PLM solution that can be deployed within days, instead of months. As a fully web-native application with Internet browser as the only client, it minimizes the IT support need and enables ease of information access and sharing across the extended enterprise.

3rd generation PLM is enabling an effective design control, document control, and ECO processes for product development and efficient management of processes in operations e.g. Nonconforming Materials, Equipment Calibration, Supplier Qualification, etc. In addition, it provides relevant process metrics and trends so that the executives can keep tabs on the operational effectiveness of their product commercialization activities and maintain compliance with various regulatory standards.