Let's consider the value of integrating electronic design into an enterprise-wide product development process using the 3DEXPERIENCE platform. Companies can benefit from improved productivity, reduced cycle times, smarter decision making and reduced errors in their product development process.
With technology advancing rapidly, many companies across almost every industry are developing products that combine software, electrical and mechanical design to differentiate their products. In addition, to remain competitive, companies must get their products to market quickly. In fact, Aberdeen’s research has shown that the timely launch of a new product offers an organization the greatest opportunity for increased profitability.
This changing environment presents significant challenges for a company’s product development process.
The first challenge is maintaining the integrity, accuracy, and accessibility of their part management system. According to industry analysts, the annual carrying costs of introducing a new part range between \\\$4,500 and \\\$23,000 per item. Currently, engineers face two undesirable choices when designing a part for a new product: they can either waste valuable time manually trying to find a suitable part in a database —frequently a task that just takes long and is quite cumbersome — or they can give up on the search and create a new part. The Dassault Systemes’ 3DEXPERIENCE platform offers a solution to these challenges. Synchronizing ECAD part libraries to the 3DEXPERIENCE platform enables designers to easily find the parts they need and make informed part selections because it ensures that they have accurate and latest information about available and preferred parts. This helps companies to avoid costly rework and frees up the engineer to focus on the creative task at hand.
The second challenge is making material and process cost assessments earlier in the development process. Manufacturing companies assert that the product cost is one of the most important considerations in manufacturing. There are many challenges in cost management. One challenge relates to acquiring early visibility of the bill of materials. On average, 70 percent of the cost of any new product is fixed by the specifications and design. In other words, more than two-thirds of the total cost is designed into the product. Therefore, making an early assessment of your material costs is critical. The 3DEXPERIENCE platform provides a single Bill of Material that includes the full product definition, including mechanical, electrical and software. This ensures that the complete definition of the design is available to all stakeholders earlier in the design process increasing efficiency.
A third challenge is managing the change management process in a geographical dispersed development team. As product development teams become more geographically dispersed, it becomes increasingly challenging to keep product development and processes in control. Challenges like synchronizing distributed designs, managing change across dispersed teams, and collaborating with partners that have limited infrastructure become more common. Managing your design in the 3DEXPERIENCE platform facilitates the collaboration between multidisciplinary and globally distributed design teams and partners during the company’s change process.
To summarize, the value of integrating electronic design into an enterprise-wide product development process using the 3DEXPERIENCE platform includes:
- Making better decisions by giving designers the information they need to make smarter component choices early in the design process.
- Improve time to market by sharing design intent with purchasing, partners and suppliers through a single, common product definition which supports multi-discipline Bill of Materials (BOM) earlier in the development process
- Streamline a company’s change process by sharing real-time information and data access between geographically dispersed design teams, the enterprise, and partners.
Stay tuned for an upcoming webinar digging deeper into this topic. And leave us a message in the comment section... what demo you would like to see related to this?
