KARDEX shift is vital because developing and ramping up new mechanical products traditionally takes too long , whereas software can be updated more frequently and efficiently .
It also provides more benefit to the customer and their economical focus . With Software driven innovation customer requests to be realised faster , more individually and more precisely than with machine hardware . On the other side a SaaS business model creates recurring revenues and a more resilient income .
The organisation also needs to invest heavily in digital and virtual engineering . This third pillar , Tobias explains , is to “ move away from building prototypes .” Virtualizing the prototype process accelerates time to market and reduces costs . The aim
“Integrating strong external partners into our teams to leverage additional and diverse expertise ”
TOBIAS FLURY CHIEF TECHNOLOGY OFFICER , KARDEX
is for the first physical component we manufacture to be the final product the customer pays for , eliminating the need for multiple costly prototypes .
This shift requires significant investment in things like virtual
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