Collaboration impacts every part of product development, and products cannot be developed or brought to market without it. It involves working as a team with multiple groups and departments, both internal and external to the organization. It requires successful coordination of processes, data, knowledge, ideas, schedules, communications, and more. This research study, based on a survey of 155 manufacturers, examines the cost of poor collaboration. The research identifies six areas of opportunity for collaboration improvements that can boost product profitability for your company.
