Real-time Product Costing affects Product Life-cycle Management (PLM) processes

A number of studies have anticipate the potential impact of real-time product cost engineering on product cost and time to market.

For instance:-

“A recent survey conducted by Kadence Business Research discovered that 57% of engineers who are involved in the Concept Definition, Function Analysis, and Task Design phases of Product Lifecycle Management (PLM) could increase their personal productivity anywhere from 10%-40% if they could implement a fully automated estimating solution.”