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As the use of RFID applications increases, Unitech expects a 30% annual compound growth rate for revenue, putting it firmly on track to exceed US$120 million in sales by 2010. The development of new products is crucial to achieving this growth, putting the company's Research and Development (R&D) division under immense pressure to speed development times, reduce costs, and work more productively. With help from Oracle Certified Partner Ares International, in August 2008, Unitech implemented Agile Product Lifecycle Management (PLM) to improve the efficiency of its R&D division. The solution has enabled the company to cut engineering change times from 30 - 40 days to 7 days, reduce material costs, and support information sharing between the R&D and production departments.
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