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Putting a price tag on time to develop products should not be based on development expense only. Development speed is not the objective, it is a means to an end; the objective is making a profit. Does your organisation have a method to assess how a change in development cycle time will affect project profitability?   Many companies make the mistake of considering only the expense impact of using new technology - you need to evaluate the technology on four key economic parameters. Development expense, unit cost, product performance and speed.   In building a holistic approach to product development, the greatest gains are to be made by integrating disciplines and considering their boundaries carefully. Do your tools allow for instant connection and data transparency across disciplines? Or even within a discipline?   Let us know if the challenges faced by engineering and manufacturing SMBs resonate with your organisation. Do your current development tools: Accelerate information flow, Improve design and testing productivity, and Reduce delays to product introduction?   Get in touch at https://lnkd.in/dZdNeK2d This post is the first part of a series on using the correct tools in the design factory. Follow Simera Innovate on LinkedIn and share your experience. See the second post at https://lnkd.in/dYx48g2p   #NX #NXX #SiemensMechanicalDesign #Simcenter #NXCAM #Teamcenter https://lnkd.in/dvAF_WR2

Accelerated engineering: A digital answer for modern manufacturing

Accelerated engineering: A digital answer for modern manufacturing

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