Vendor Analysis
published on Jun 08, 2021
Report Overview:
This NelsonHall vendor assessment analyzes LTTS' offerings and capabilities in digital manufacturing services.
Who is this Report for:
NelsonHall's digital manufacturing services profile on LTTS is a comprehensive assessment of LTTS’ offerings and capabilities, designed for:
- Sourcing managers monitoring the capabilities of existing suppliers of digital, industrial IoT, and industrial IT services
- Vendor marketing, sales, and business managers looking to benchmark themselves against their peers
- Financial analysts and investors specializing in the IT services sector and examining growth areas within IT services.
Scope of this Report:
The report provides a comprehensive and objective analysis of LTTS’ digital manufacturing service offerings and capabilities, and market and financial strengths, including:
- Identification of the company’s strategy, emphasis, and new developments
- Analysis of the company’s strengths, weaknesses, and outlook
- Revenue estimates
- Analysis of the profile of the company’s customer base including the company’s targeting strategy and examples of current contracts
- Analysis of the company’s offerings and key service components
- Anaysis of the company’s delivery organization including the location of delivery locations.
Key Findings & Highlights:
This NelsonHall vendor assessment analyzes LTTS’s offerings and capabilities in digital manufacturing services.
LTTS has a historical focus on product engineering services. However, the company has developed manufacturing OT and IT service capabilities to the point where it now has approximately 2k engineers working on shopfloor automation contracts at any point in time.
LTTS has positioned its service portfolio to manufacturing firms, from product engineering services to digital manufacturing and after-market services. With the pandemic and WfH, LTTS has helped clients accelerate their digital projects and move from their PoCs to projects around remote operations and maintenance. The company has also worked with clients to source their supply chain more locally.
LTTS has had several priorities to fuel its growth. The company has relied on pursuing large deals, shifting its service portfolio to digital, and invested in IP to differentiate its portfolio.
LTTS has developed its service portfolio around digital, namely smart manufacturing, smart products, and smart operations. Smart manufacturing/industry 4.0 is relevant to this profile of LTTS' digital manufacturing capabilities. It includes:
- 3D factory, i.e., a digital twin with a focus on process modeling
- PLM services, combined with application services (ALM) and service lifecycle management services, also include:
- mBOm, and software BOM, and engineering BOM
- CAD
- Virtual manufacturing/throughput simulation
- Inventory optimization
- Part tracking
- Automation including robotics and computer vision for automated handling
- Machine connectivity
- MES implementation
- OT integration
- SAP ERP integration.