The NDA Supply Chain event is taking place on 4th November 2015, at Event City in Manchester. Now in its 5th year, the annual NDA Supply Chain event brings together people that work across the nuclear sector.
The NDA Supply Chain event is taking place on 4th November 2015, at Event City in Manchester. Now in its 5th year, the annual NDA Supply Chain event brings together people that work across the nuclear sector.
Did you know that only that only a small percentage of small- and medium-sized businesses (SMBs) have set up a best-in-class product design environment [source: Aberdeen Research]? This might surprise you, but it’s true. It means that many manufacturers out there simply aren’t prepared or well positioned to handle new challenges as they arise. In fact, they can very quickly find themselves out maneuvered by the competition.
If you start to brainstorm all the ‘best-in-class’ manufacturers out there, you’ll probably question what are they doing differently from their competitors and how their project teams seem to achieve the impossible. Plus, they appear to be developing innovative products faster than ever with fewer resources and an ever-decreasing budget. So how do they do it?
Having the right tool for the job is vital for any engineer, regardless of sector or specialism. Designed and built with engineers in mind, engineering calculations software (like PTC Mathcad Prime) has the tools and applications needed to streamline product development process by predicting the behaviour and performance of designs.
Sometimes it can feel like we’re all swimming in data. Getting on top of it all is a major challenge for many manufacturers. And, with the advent of smart, connected products, the amount of data available is only going to grow. There are several important features to consider when deciding what new data to capture, what needs analysing and how to use this information to develop a unique position for your business.
If there was a way to reduce time spent on repairs and increase efficiency, you’d take it, right? With the increase in product data it’s becoming increasingly easy businesses to understand how their products behave out in the field. Manufacturers are beginning to view new IoT features in their products as an opportunity to innovate through efficiencies. For anyone interested in accessing these benefits, there are three reasons why product data from IoT-enabled products can dramatically transform the manufacturing process that you need to know.
Research has shown that the most successful small- to medium-sized businesses (SMBs) outperform their competition with four key traits. These companies are the ones to watch and learn from. Typically, they’re the market leaders who are decreasing time to market, creating more innovative products and winning the race to improve the bottom line. Analyst firm, Aberdeen Research, wanted to understand what know more so they looked into the top 20% of SMBs and here is what they found.
When you’re exploring multiple design options, you don’t want to be forced to make a decision too early. By using Creo Design Exploration Extension (DEX), you’re able to create multiple variants of your concept design, enabling you to decide which options are right for you. It also means that if you need your design options reviewed by other people in your team, you can send them the options before making a decision.
If you’re like most manufacturers out there, you’re now creating and producing more designs than ever before. This inevitably means you now have more design data and more complexity, which needs to be managed. So what can you do to make sure this doesn't become unmanagable?
For a very long time, manufacturers have been focused on capturing value through a product orientated business model, where they manufacture a product and then sell that product as an asset to the customer. This is a tried and tested approach. Sometimes, in this product orientated business model, companies also provide an after sales service. This could be along the lines of helping customers to maintain the product in working order.