Digital Performance Management Solution to Drive Manufacturing Efficiency Introduced by PTC

By Craig Resnick

Company and Product News

From the stage of it’s Manufacturing Live virtual event, PTC announced the immediate availability of it’s new ThingWorx Digital Performance Management Solution (DPM), an offering that represents the company’s latest advancement in helping manufacturing companies’ ability to drive efficiency.

DPM provides performance insights and helps to enable real-time, closed-loop problem solving. It delivers a universal view of performance, communicated in a common business metric: hours. This metric is typically easily understood across frontline workers, managers, and executives, and provides a foundation for an enterprise-scale solution. DPM supports investment accountability by helping to validate outcomes for transformational investments with real-time production data and easier-to-calculate financial improvements.

With DPM, companies can help identify the appropriate performance issues to drive efficiency; further empowering frontline workers to take corrective actions, gain visibility into bottlenecks, root causes, and the most critical areas to focus on for improvement; measuring results with performance data to help ensure actions produce the desired outcomes; and achieve more rapid time to value and scale, with examples of successful results achieved in as little as 90 days.

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