CIMdata PLM Industry Summary Online Archive

31 October 2007

Company News

New Product Development Study to Determine Best-in-Class Levels for Process Quality

International TechneGroup Incorporated(ITI) is conducting a study to determine current New Product Development performance with regard to the speed, efficiency, costs, success and bottom-line profit and loss associated with introducing new products. Participants will receive a summary of the results (at no charge) that benchmarks their organization against Industry Average and Best-in-Class levels. They will also receive a report detailing where New Product Development Process improvement(s) should be focused and the associated return on investment. This study will utilize an on-line survey housed on a secure web site.

"New product development speed and efficiency are the single biggest factors in delivering sustained improvement to an organization's bottom-line performance," explained ITI Chief Executive Officer, Dr.Mike Benzakein. "This study originated in Japan and is now being expanded into North America. Current participants include such companies as: Toyota, Hitachi, Sony, Toshiba, Canon, Nikon, Makita, Mitsubishi, Yanmar, Sanyo, Ryobi, and many more."

ITI is currently inviting organizations to participate.

For more information contact ITI's Doug Smithson at: 513-576-3900,800-783-9199 or via e-mail at djs@iti-global.com .

About ITI

Headquartered in Milford, Ohio (USA), ITI is a leading provider of consulting, software products and related integration services that enable clients to improve their product and manufacturing process development capabilities. The Company's BestPractices for New Product Development have evolved to help companies in almost every industry reduce time to market, reduce development cost and ensure hit products before significant investments have been made.

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