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:

1. Hit product cost targets

2. Hit development cost targets

3. Hit product launch dates

4. Hit quality requirements …in 86% of cases.