Case Study
Integrating Cost Analysis into the Product Development Process
Shyam Kumar - Senior Professional Services Engineer, Engineous Software
Jon Long - Sales Director, Engineous Software
In order to stay competitive in the current global economy most manufacturing organizations now use Integrated Product Teams (IPTs), and a variety of simulation tools and applications in their product development processes. The types of tools used typically include Computer-Aided Design (CAD), Computer-Aided Engineering (CAE), Math tools, proprietary in-house codes and Cost Estimation tools.
While IPTs enable efficient communication among engineering disciplines, more often than not, their applications do not directly communicate with one another; especially cost estimation models. This poses a major challenge.
Thus, this presentation focuses on the use of a software framework, iSIGHT-FD, which enables quick and easy integration of disparate applications into simulation workflows. Once applications are integrated into "SimFlows', IPTs can share data rapidly, seamlessly and automatically. Further, companies can run sophisticated design exploration techniques such as Optimization, Design of Experiments (DOE), Monte Carlo Analysis, Robust Design, and Design for Six Sigma (DFSS); ensuring that the best design is achieved at the most affordable cost.
If required, SimFlow models can be accessed, and executed by geographically dispersed work groups, suppliers, and customers via a web portal interface. Typical benefits include improved collaboration, reduced analysis cycle time, improved product quality and reliability, lower product cost and breakthrough innovative design concepts.
