Product development is a mission-critical process. And it can also be very expensive. But thanks to modern computer-aided design (CAD), computer-aided engineering (CAE), computer-aided manufacturing (CAM), and product lifecycle management (PLM) systems, many manufacturing companies now have the tools that allow better alignment of cost and value-add. This is what’s referred to as “global product development.” Learn more.
disadvantage of modern technology
put them at a disadvantage politically. Reply: In fact, just the opposite is likely to occur. As low-cost countries strengthen their economies, their purchasing power will rise and they will demand increasingly sophisticated goods and services from high-cost countries. Furthermore, as the low-cost countries accept the rote and mundane activities of product development, they will free up more time for higher-cost engineers to work on higher-level, innovation-oriented work. If anything, the high-cost