How to Take Cost Out of Products With Simulation - research study

BOSTON, MA - Aberdeen Group, a Harte-Hanks Company today released a new research study titled " Cost Saving Strategies for Engineering: Using Simulation to Make Better Decisions." The study uncovers the most successful ways companies are taking cost out of their product designs and the role simulation plays in this.

"The most profitable companies are 70% more likely than competitors to implement a 'get it right the first time' strategy, as well as analyze product behavior earlier in the design process," says Michelle Boucher, research analyst in Aberdeen's Product Innovation and Engineering practice. "To accomplish this, they are using simulation technologies which are allowing them to reduce product cost because they need fewer physical prototypes, they avoid late engineering change orders by finding problems earlier, and they reduce scrap and rework."

The study also finds these more successful performers are able to identify suitable lower cost materials without sacrificing product quality. They also capture the expertise of the most experienced engineers and make it available to other engineers to guide their product design decision making.

A complimentary copy of this report is made available due in part by the following underwriters: ANSYS, Knovel, NEi Software, and Siemens PLM Software. To obtain a complimentary copy of the report, visit: http://www.aberdeen.com/link/sponsor.asp?spid=30410182&cid=6009&camp2.