Simulation-Driven Design Benchmark Report

Simulation-Driven Design Benchmark Report
Getting It Right the First Time

By Aberdeen Group

A recent benchmark report from Aberdeen Group on simulation practices by manufacturers finds that early simulation assists companies to hit their product development targets.

Executive Summary:

Get it done quickly. That's the message manufacturers are hearing from the market. They must develop more products that are more complex for their customers, but, most of all, they must get to market on time. When trying to figure out how to get things done more quickly, these manufacturers face a seeming paradox: should they take more time to perform simulations in design so they can save time and money in testing? Some have found the answer is not only "yes," but that early simulation assists them to hit their product development targets. How? Interestingly enough, it's actually quite simple.

Best in class manufacturers their hit revenue, cost, launch date, and quality targets for 86% or more of their products.
Best in class manufacturers average 1.6 fewer prototypes than all others.
Best in class manufacturers of the most complex products get to market 158 days earlier with $1,900,000 lower product development costs.
Best in class manufacturers of the simplest products get to market 21 days earlier with $21,000 fewer product development costs.

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