How to Drive Profitability with Accelerated Product Introductions
Maximize profitability by simulating product iterations and reducing manufacturing waste
Equipment and component manufacturers often operate in low-margin environments where any creep in spending significantly impacts voluminous lot sizes. This analyst report from Omdia explains how digital transformation—specifically utilizing digital twins and integrated New Product Introduction (NPI) functions—enables businesses to design multiple iterations simultaneously to reach new markets faster.
What You’ll Learn
- Identify specific manufacturing use cases for digital twins, from predictive maintenance to supply chain visibility
- Leverage simulation to optimize material usage and reduce carbon footprints to satisfy growing legal and customer requirements
- Implement integrated engineering tools to provide bespoke designs that can be virtually altered before full production begins
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