Propel Software’s Propulsion Conference Identifies Key Market Trends for Product Companies Looking to Drive Business Value and Speed Time to Market
June 20 2024 - 9:01AM
Business Wire
Propel Software, creator of the first product value management
(PVM) platform, proudly celebrates the conclusion of Propulsion
2024. This must-attend annual event brings together industry
experts, innovative high tech/electronics, medical device,
manufacturing, and consumer goods product companies, and Propel
partners like Salesforce, Zero Wait-State and Oracle NetSuite.
Attendees share best practices while leading experts present
industry trends influencing the creation of compelling and
profitable products in disruptive markets.
Held in Chicago, Propulsion offered actionable takeaways
designed to drive business profitability. Presenters included
Propel customers Guardant Health, MaryRuth Organics, Breg, AMS
Technologies, BekaertDeslee, and Allegro Microsystems.
“Now in our fifth year, Propulsion is a preeminent event for
companies looking to optimize business value through innovative
product development and management processes. Participants gain a
wealth of knowledge directly from their peers, while making
valuable connections to help fuel their professional growth and
success,” said Propel Software CEO Ross Meyercord.
Spotlight on Manufacturing: Investment Surges, Policy
Strategies, and AI
Experts shared insights on key business and technology trends in
manufacturing and supply chains, including:
- Unprecedented investment in domestic manufacturing, driven by
government spending and the construction of new factories, which
demands new equipment and skilled workers.
- Steps the U.S. government is taking to protect its supply chain
and reduce dependency on China while promoting onshore/nearshore
alternatives..
- AI’s increasing relevance for manufactures – why you should
invest now in the breadth, depth, and quality of data to enrich
large language models.
Innovator Awards Recognize Efficiency, Revenue Capture &
User Empowerment
Innovator awards were presented to Propel customers, Breg, Inc.,
a global provider of orthopedic bracing and cold therapy devices,
and Savant Systems, a fast-growing leader in smart home automation
and power solutions.
Erika Blair, Product Development Manager and Serena Oaks,
Director of Product Development at Breg, accepted the Propel
Innovation award. The pair was instrumental in using Propel to
streamline Breg’s development processes and increase revenue, with
the following key stats highlighted in its award submission:
- 77% faster speed to market
- Design change project cycle time cut from 92 days to 21
days
- 92% decrease in senior engineer change order training
The Savant award submission, developed by Beth LeClerc, VP of
Business Systems Architecture & Web Services and Angie Larson,
SVP of Customer Operations, highlighted the following results:
- 35% increase in revenue over two years
- 50% reduction in order-entry labor
- Decreasing customer service calls over 1,000 hours a year
- Reducing time to market on the ecommerce store by 74% over two
years
If you would like to review this year’s recordings and stay up
to date on next year’s event, register on our Propulsion 2024
site.
For information on Propel products and service offerings, visit
propelsoftware.com.
About Propel Software
Propel helps product companies grow revenue and increase
business value. Our product value management platform connects
commercial and product teams to optimize decision making, drive
process efficiencies, and engage customers with compelling products
and experiences. Propel has a proven track record of improving
product quality, speeding time to revenue and profit, and improving
customer satisfaction. Recognized multiple times as a Deloitte
Technology Fast 500 winner, Propel is built on Salesforce and
drives product success for hyper growth startups, corporate
pioneers, and Fortune 500 leaders in the high tech, medtech and
consumer goods industries. For more information, visit
propelsoftware.com and follow us on LinkedIn.
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Samantha Chapman Chapman Communications Group
samantha@chapmancommunicationsgroup.com