Why should materials information matter to your company?
If your organization makes or designs products, it uses materials. Information about these materials is vital, often with multi-million dollar impact. In other areas of product engineering, digital transformation is already highly embedded, for example, via technologies such as CAE, CAD, and CAM which are now ‘must haves’ for every manufacturing enterprise. Software technology to manage and effectively apply materials information had lagged behind – but this is changing, rapidly.
In this white paper, we explore why this is, with materials information management increasingly establishing itself as a core engineering technology. This is because manufacturers, who have always understood the importance of making good materials decisions, are now recognizing the value of digital transformation to support those decisions.
The trends for material intelligence
It is also because industry trends such as the Digital Twin, Digital Thread, and Materials 4.0 are highlighting the need for this change. We outline significant industry trends and the associated challenges, both in the context of the wider product lifecycle, relevant to every manufacturer, and for specialist Materials R&D and Materials Engineering organizations.
Delivering effective materials information management requires a systematic approach, supported by the right software. This must not only manage the diverse data sets required to define a material in an engineering business, but enable those data to be linked, shared, controlled, and applied in a way that builds the material intelligence of the organization.
This is the goal of the GRANTA MITM software, and we outline a series of case studies of the use of GRANTA MI and the business benefits that it delivers across sectors including Aerospace and Defense, Automotive, Medical Devices, and Industrial and Electrical Equipment. We itemize sources of return on investment including faster time-to-market, reduced costs, lower business risks, and product innovation that can drive market share and customer satisfaction.
We conclude with a checklist of issues you may want to consider in managing the materials information in your own business – whether you are considering this as a senior executive, or manager of a technical function within the business.