Research shows that high performing manufacturers use Simulation
Recent research by the Aberdeen research company (October 2006, The Simulation-Driven Design Benchmark Report: Getting It Right the First Time) proves that the most effective manufacturers spend more time simulating upfront and reap the rewards towards the end of their projects. Here are a few short summaries from the research:
The key market pressures for manufacturers are:
1. Shortened time to market
2. More demand for new products
3. Increasingly complex customer requirements
4. Increasing product commoditization
5. Threatening competitive products
The benefits of simulation versus physical tryout:
1. Simulation avoids unnecessary rounds of physical tryouts
2. The most effective manufacturers perform 3 physical tryouts for every 4.6 tryouts by others
3. For VERY complex parts, the most effective manufacturers get their product to market 158 days earlier and spent US$1,900,000 less on product development than the average manufacturer.
4. For simple parts, the most effective manufacturers get their product to market 21 days earlier and spend US$21,000 less on product development than the average manufacturer.
The most effective manufacturers who use simulation: