PTC Introduces Revolutionary Digital Performance Management Solution to Improve Manufacturing Efficiency

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DPM provides performance information and enables real-time, closed-loop problem solving. It offers a universal view of performance, communicated in an understandable business metric: hours. This metric is easily understood by front-line workers, managers and executives, and provides a basis for an enterprise-wide solution. DPM supports investment accountability by validating the results of transformational investments with real-time production data and easy-to-calculate financial improvements.

“Manufacturers see digital transformation as essential, but often see only incremental improvements as opposed to large-scale transformational improvements,” said Craig melrose, Executive Vice President, Digital Transformation Solutions, PTC. “PTC’s new ThingWorx DPM solution enables companies to make the most valuable manufacturing improvements and solve common challenges to improve the efficiency of large-scale manufacturing and processing.

With DPM, companies can identify the right performance issues to improve efficiency; empower frontline workers to take corrective action; gain visibility into bottlenecks, root causes and the most critical areas to focus on for improvement; measure results with performance data to ensure actions produce desired results; and achieve a rapid time to value and scale-up, with up-front results in as little as 90 days.

“All of our manufacturing customers, regardless of their industry, face the constant challenge of quickly identifying and eliminating production bottlenecks,” said Jerry gootee, a global leader in advanced manufacturing at Ernst & Young (EY). “The market needs a scalable technological solution capable of systematically and dynamically identifying production constraints, prioritizing root causes, recommending and managing corrective actions and validating measured results as new capacity hours. of production.

“The release of PTC’s ThingWorx DPM solution represents a significant milestone in our IIoT business,” said Jim Heppelmann, President and CEO, PTC. “This software marks the start of a new phase in PTC’s IIoT growth strategy as we evolve our positioning of ThingWorx as a suite of powerful business solutions that optimize business efficiency to generate commercial value.

About PTC (NASDAQ: PTC)
PTC enables global manufacturers to achieve double-digit impact with software solutions that enable them to accelerate product and service innovation, improve operational efficiency and increase business productivity. workforce. In combination with an extensive network of partners, PTC provides customers with flexibility in how its technology can be deployed to drive digital transformation – on-premises, in the cloud, or through its pure SaaS platform. At PTC, we don’t just imagine a better world, we make it possible.

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PTC, ThingWorx, and the PTC logo are trademarks or registered trademarks of PTC Inc. and / or its subsidiaries in United States and other countries.

SOURCE PTC Inc.

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