The success of a company depends on its ability to fulfill customer's expectations and requirements. Businesses that pursue more innovative products of higher quality prove indispensable to customers and gain market share.
Companies require a balanced approach to innovation and quality in full compliance with corporate and industry standards and regulations. Shorter lead times imposed by OEMs and tighter margins eroded by high operational costs require suppliers to maintain even tighter cost controls and seek increased productivity to remain in business or solidify their leading positions.
Now more than ever, it is the right time for suppliers to invest in next-generation technologies and manufacturing strategies to optimize their bidding, sourcing, product development and manufacturing operations. Even a small cut in costs and time can have a significant impact on their bottom line and offer them the flexibility to remain competitive on a tough market.
Benefits offered by PLM solutions, such as CATIA V5, provide:
-
internal returns on investment of 104% to 339%
- Up to $10 million in net present value of investment over a period of 6 years
- Pay back periods from less than 1 year up to 2 years
Reducing Costs
CATIA V5, together with ENOVIA, helped many mid-sized manufacturers dramatically cut their costs by:
- Reducing cycle times and bringing products faster to market
- Optimizing sourcing costs
- Eliminating CAD translation costs thanks to a better OEM/Supplier integration and the ability to work natively on new programs developments eliminating the need for costly physical prototypes
- Reducing cost of new parts in product design by up to 40% thanks to the reuse of designs from previous projects
- Reducing the number of parts by 25% thanks to improved designs
- Reducing engineering change (EC) costs by 75% thanks to a better automation
- Reducing overall concept design labor costs by over 40%
- Reducing NC programming costs by 66% reducing assembly line costs by over 60%
- Improving the bidding process
- Reducing errors found at the final assembly stage by 40%
Innovation and Quality
Thanks to powerful generative capabilities based on intelligent templates, V5 solutions ensure corporate rules and industry regulations are taken into account early in the design process. Secure, timely and easy access, management and sharing of product and process data ensures that customers, partners and suppliers work together in a seamless integration - therefore allowing for greater control over quality all the way from conception to production and maintenance.
