5 Compelling Reasons For Someone To Invest In CAE
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Transcript of 5 Compelling Reasons For Someone To Invest In CAE
5 Compelling Reasons for Someone to invest in CAE
Getting It Right the First Time
Presented by: Hiral GohelEnterprise Business Representative
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Agenda
Overview and issues with traditional process Longer time to market Poor Quality Higher number of change orders
Challenges and Response in product development
Top reasons to invest in CAE
1. Getting it right first time
2. Increased Market Share
3. Reduced cost
4. Shorter Time to Market
5. Improved Productivity
Make, Break and try again Physical Prototype based designing Issues
Increasing product complexity Increasing Market complexity Decreasing Time to Market Late change order detection
Overview and issues with traditional Process
Challenges for Product Development
Response to challenges
Getting it right first time
Companies can’t afford wrong products->cost, reputation,
Marketing, warranty Expenses and rework in plant
Early adoption of CAE
Reducing total no. of physical prototype
Concept will go for simulation and verification
Virtual prototyping will be also used for documentation
Vision Concept Design Test MFG Sale
Simulation Drives Design
Simulation Drives Concept
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Increased Market Share using Early Adoption of CAE
Source: AberdeenGroup, October 2006
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Value Added Engineering- Adding value to Customer by optimization
Earlier break even point
Best in class manufacturers Average 1.6 fewer prototypes than other
Companies Most complex products get to market 158 days
earlier with $1,900,000 fewer development costs Simplest products get to market 21 days earlier
with $12,000 fewer product development costs
Decreased cost3
Early adoption of CAE during Design Phase itself
Meeting compliance requirement early Reduced number of physical prototype
Familiar Environment for users
Reducing engineering Man Hours
Educating the user
Knowledge reuse
Shortened Time to Market4
Improved Productivity
Best in Class - access to simulation capabilities within the CAD
Application (Familiar Environment) -> less time to learn Faster Innovation with more alternatives over competition
Keep material costs in check - eliminating wasteful overdesign
How Much Will Your Company Save with Upfront CFD?
Six Projects PA-> can save $107,100 annually
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Prototyping & Testing Before CFDesign After CFDesign Improvement
Time per project 40 days 12 days 71 %
Expense per project $27000 $9450 65%
Conclusion: Reasons to invest in CAE
Take a recent project of any company and
Analyze the time and expense incurred to that
particular project. How many rounds of testing? How much did each round cost?
How much did each round cost?
How much would you save if your team eliminates
even a single round of testing on every project
over 12 months?
1. Getting it right first time
2. Increased Market Share with more innovative products
3. Decreased Cost
4. Shortened Time to market
5. Improved productivity
Conclusion(Cont…)
Reasons to invest in CAE
Thank youGetting It Right the First Time