Why do companies adopt concurrent engineering methods?
The notable business benefits of concurrent engineering make it a compelling strategy to adopt. Introducing concurrent engineering can lead to:
- Competitive Advantage- reduction in time to market means that businesses gain an edge over their competitors.
- Enhanced Productivity- earlier discoveries of design problems means potential issues can be corrected soon, rather than at a later stage in the development process.
- Decrease Design and Development Time- make products which match their customer’s needs, in less time and at a reduced cost