Many have component and supplier management processes that enable selecting the "right" part from the beginning of product design. These companies have embraced a simple fact: once a new product reaches manufacturing, product and transformation costs are mostly fixed. In fact, over 70% of a new product's cost structure is locked-in before the first prototype is even built. By providing early designer access to enterprise and supply chain data, these companies are empowering their product designers to make better decisions. As a result, they are enjoying faster time-to-market, lower product cost, fewer regulatory compliance issues, and improved quality and manufacturability.