A New Paradigm for Mid-Lifecycle Design Changes
- Monday, 05 May 2014
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For decades, the general belief was that the replacement of key components during the mid-lifecycle design refresh of complex electromechanical systems was simply too costly and burdensome — and that any changes in product design would simply need to wait until the next generation.
Today, technology is simply changing too fast to wait until the next generation of a product to add new capabilities and to risk losing a competitive edge or, worse yet, to risk the introduction of a new product that is already obsolete. Fortunately, there are other options. With the right alignment of partners and suppliers, a mid-lifecycle component change can actually provide both greater performance capabilities and cost savings.