Quantifying the Impact of Simulation Across the Product Life Cycle

This eBook highlights how simulation technologies are transforming the product lifecycle by helping companies innovate, reduce costs, and meet delivery targets. In the current economic climate, simulation proves especially valuable, as it enables companies to overcome market pressures such as tight budgets and the need for rapid product differentiation. By using simulation tools, “Best-in-Class” companies gain a competitive edge, producing fewer costly prototypes, accelerating development times, and achieving faster time-to-market.For instance, simulation leads to an 11% reduction in physical prototypes and a 33% decrease in expensive engineering change orders, saving both time and money.

The eBook details the benefits of simulation at various stages of product development, from ideation and design to manufacturing and product launch. Simulation helps reduce engineering change orders, which are often expensive and time-consuming, especially at later stages. By optimizing material use, capacity, and on-time delivery, simulation improves overall manufacturing efficiency, resulting in smoother product launches that better meet quality and cost targets. Companies using simulation hit their product launch dates 15% more often, ensuring timely market entry and improved quality.

Ultimately, the impact of simulation extends beyond individual projects. Companies leveraging 3D and multiphysics simulation report better performance across key metrics like operating margins and total cost per unit. Simulation also minimizes post-launch failures and warranty costs, enhancing long-term profitability and customer satisfaction. Simulation-driven companies see 14% lower post-launch failure costs, reducing expenses from returns and warranties. This comprehensive approach positions companies to emerge stronger and more resilient, with sustainable advantages in today’s competitive market.