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5 Compelling Reasons For Someone To Invest In CAE


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5 Compelling Reasons For Someone To Invest In CAE

  1. 1. 5 Compelling Reasons forSomeone to invest in CAE Getting It Right the First Time1 4 52 3 Presented by: Hiral Gohel Enterprise Business Representative
  2. 2. Agenda Overview and issues with traditional process  Longer time to market  Poor Quality  Higher number of change orders Challenges and Response in product development Top reasons to invest in CAE 1. Getting it right first time 2. Increased Market Share 3. Reduced cost 4. Shorter Time to Market 5. Improved Productivity
  3. 3. Overview and issues withtraditional Process Make, Break and try again Physical Prototype based designing Issues  Increasing product complexity  Increasing Market complexity  Decreasing Time to Market  Late change order detection
  4. 4. Challenges for Product Development
  5. 5. Response to challenges
  6. 6. 1 Getting it right first time Companies can’t afford wrong products->cost, reputation,Marketing, warranty Expenses and rework in plant Early adoption of CAE Reducing total no. of physical prototype Concept will go for simulation and verification Virtual prototyping will be also used for documentation Simulation SimulationDrives Concept Drives Design
  7. 7. 2 Increased Market Share using Early Adoption of CAE Value Added Engineering- Adding value to Customer by optimization Earlier break even point Source: AberdeenGroup, October 2006
  8. 8. 3 Decreased cost Best in class manufacturers  Average 1.6 fewer prototypes than other Companies  Most complex products get to market 158 days earlier with $1,900,000 fewer development costs  Simplest products get to market 21 days earlier with $12,000 fewer product development costs
  9. 9. 4 Shortened Time to Market Early adoption of CAE during Design Phase itself  Meeting compliance requirement early Reduced number of physical prototype Familiar Environment for users Reducing engineering Man Hours Educating the user Knowledge reuse
  10. 10. 5 Improved Productivity  Best in Class - access to simulation capabilities within the CAD Application (Familiar Environment) -> less time to learn  Faster Innovation with more alternatives over competition  Keep material costs in check - eliminating wasteful overdesign  How Much Will Your Company Save with Upfront CFD?  Six Projects PA-> can save $107,100 annuallyPrototyping & Testing Before CFDesign After CFDesign ImprovementTime per project 40 days 12 days 71 %Expense per project $27000 $9450 65%
  11. 11. Conclusion: Reasons to invest in CAE Take a recent project of any company andAnalyze the time and expense incurred to thatparticular project. How many rounds of testing? How much did each round cost? How much did each round cost? How much would you save if your team eliminateseven a single round of testing on every projectover 12 months?
  12. 12. Conclusion (Cont…) Reasons to invest in CAE1. Getting it right first time2. Increased Market Share with more innovative products3. Decreased Cost4. Shortened Time to market5. Improved productivity
  13. 13. Thank youGetting It Right the First Time