Home appliances is one of the most competitive markets in consumer products. This is an industry that is projecting a steady growth at a CAGR of 3.6% until 2025. A growing middle class in a number of countries, changes in lifestyles, and more availability of home appliances at competitive prices are driving new product offerings.
More connectivity, wireless technologies, and respect for the environment are product features that consumers are seeking. Speeding up innovation in home appliances is key. This ebook explores the benefits of applying integrated programs and lifecycle management to help you launch your products to market faster.
Explore the trends in the Home Appliances industry and more
In this ebook, you will learn:
- Market trends in the Home Appliances industry
- What consumers are looking for
- The benefits of implementing an integrated program and lifecycle management
What is integrated program and lifecycle management?
Integrated program and lifecycle management is a digital thread that links data and processes together.
Companies looking for innovation in the Home Appliances industry will be able to understand the interaction between:
- Brand portfolio management
- Program management
- Project management
- Product lifecycle management
The benefits of integrating project management and product lifecycle management (PLM)
Most enterprise applications and all standalone solutions fail to cover the funnel needed for innovation in the Home Appliances industry. Quality, costs, and sustainability are being compromised in the overall process. Several solutions offer traditional project management capabilities, but the holistic view is missing. A new approach combines project management with product lifecycle management. This will help companies leverage their intellectual property efficiently and be faster at launching new product initiatives to market.