Speed to Market - Using historical data
The other aspect of successful design is effective usage of historical data. Recall the fact that only 30% of new products launched succeed. Effort that would have gone into the other 70% of the failed product will prove useful in the new initiative.
From the historic data, we may avoid the mistakes made in the past and also we may reuse the design data that fits into the new design without wasting time in redesigning. For example you would have designed a component for an old project & that project may be discarded due to some other issue – now there is a new project for which you may want to use the same component. PIM/PLM tools help is tracking the old design data & thus save time in redesigning a component that is available already.
After designing perfectly, there are tools available to validate its manufacturability. Virtual prototyping tools and Digital Manufacturing tools helps in getting the perfect product in one go. We will discuss the topics of Virtual Prototyping and Digital Manufacturing later.
After designing perfectly, there are tools available to validate its manufacturability. Virtual prototyping tools and Digital Manufacturing tools helps in getting the perfect product in one go. We will discuss the topics of Virtual Prototyping and Digital Manufacturing later.
