Analyst Shares Insights
Suppliers today must manage the ever increasing complexity of technology and products while striving to maintain stringent quality requirements. To add to this challenge, their customers require improvements in cost and delivery times in order to meet their own production rates and cost targets. It is no wonder that a recent study from analyst Lifecycle Insights reported that 18% of all Aerospace and Defense programs miss delivery dates.
To meet these intricate business objectives, many suppliers re-evaluate each process along the entire product lifecycle and explore new technology to jump start improvements. A bright spot in this search is the use of Simulation technology for innovative and cost-effective ways to improve and optimize both execution and quality.
In a new analyst eBook “Improve Program Execution with Integrated Simulation”, Lifecycle Insights shows how improved technologies, using simulation and performance predictions, help companies gain better insight to improve each phase of the program lifecycles. The eBook also highlight the criteria to consider when choosing a simulation tool to best fit for your company requirements.
Simulation Improves the Program Lifecycle by:
- Conducting analyses during the contract bid phase to examine best practices.
- Defining the exact boundaries that new technology or concepts can achieve.
- Guiding design decisions on a day-to-day basis for comparative analysis on designs.
- Saving money on testing and prototyping by testing multiple scenarios at once.
Better insight into performance is desperately needed in many of the stages of today's programs. The right mix of specialist and integrated simulation technologies can make a powerful difference.