Cost-Effective Innovation Through Simulation

Simulation and Technology Advancement Executive Forum

November 23, 2012 - Stanhope Hotel, Brussels, Belgium

 

Global economic pressures are forcing product development organizations to innovate more and faster, to deliver robust and sustainable solutions. As a result, there is little margin for error: Products teams need to get it right the first time, every time, while keeping costs down. Leading companies are adjusting product development processes, adopting engineering simulation to design, optimize and test new products in the virtual, digital world before jumping to production.

Established market leaders have already succeeded at integrating virtual experimentation, testing, prototyping and compliance with regulations in what ANSYS calls Simulation-Driven Product Development, an approach that leads to pervasive simulation. This method has delivered faster innovation without compromising on quality optimization, robust design and risk reduction.

Companies can reap the most benefits when they follow and leverage best practices:

  • Systematic use of simulation early in the design process
  • Parametric investigation of influential parameters
  • Integration of engineering and decision-making resources
  • Engineering knowledge management
  • Engineering the system
  • Customization and democratization
  

Such technology deployment can lead to a significant return on investment (ROI), measured in terms of:

  • Warranty cost reduction
  • Financial impact on physical prototyping
  • Production cost reduction through more appropriate safety margin
  • Engineering time per project reduction
  • Earlier product launch