Product development time

Typically, fixing errors and redesign account for around 30% of product development time, as shown in Figure 5.3, and improving this position provides an opportunity for lead time reduction. This means doing more work early in the process when (Parker, 1997) ... 

The use of CA has proved to be beneficial for companies introducing a new product, when an opportunity exists to use new processes/technologies or when design rules are not widely known. Design conformance problems can be systematically addressed, with potential benefits, including reduced failure costs, shorter product development times and improved supplier dialogue. A number of detailed case studies are used to demonstrate its application at many different levels. 

Multiscale modeling can reduce the product development time by alleviating costly trial and error iterations. 

Another important variable against which the industry should be measured is the product development time. Product cycle times in industries such as the car industry are measured in months, with consumers expecting annual improvements to whole ranges of a company s vehicles. In the Pharma industry the preclinical development time can be five to... 

As a dynamic international scientist and businessman. Dr. Knablein served as consultant for global players, among them Baxter, Hoechst and Elan Pharmaceuticals focusing on fast-track product development, time-to-market reduction and imple-... 

Another opportunity for interdisciplinary work arises when there is pressure to shorten product development times. By involving the assembly system planner in the construction process, it is possible to begin much earlier with the assembly system design. Some of the development and planning work may then be executed parallel to one another. The development and realization times are shortened and the costs for the whole project are usually reduced. Additionally, the products can be brought onto the market much earlier due to the shorter development times. 

Figure 17 shows a few examples of how simultaneous engineering can help shorten the product development times for new products in comparison with preceding models. 

Figure 17 The Change in Product Development Times When Using Simultaneous Engineering. (Source Prof. Dr. Gerpott)...

The proposed methodology was applied to a UK lighting company and showed several benefits like 75% reduction in product development time, 27% reduction in manufacturing costs, and 95% reduction in delivery lead times. 

A second advantage of integrating the customer into the supply chain is that this integrates the product development function with the other functions in the firm. This integration allows the product development staff to communicate more with the customer both internally and externally to the firm, which decreases the firm s response time to the customer s needs and tends to reduce product development time. 

Fig. 9.2 Complexity in product development/time consuming tasks [1]...

As external suppliers have a key impact on PD, it is necessary to involve them early in PD. Small technical details of components can influence product characteristics. Serial production of household appliances is usually based on an assembly of elements and modules produced by different suppliers. The quality and timely delivery by several supphers should be guaranteed. Umbrella companies should be in charge of marketing and development of end products. Product-development time is reduced by the transfer of development information on a module and component level to strategic suppliers. 

A great deal of commitment throughout the company is required for the process to be succes l. The results of effective implementation are well worth the effort. Reduced product development time, increased flexibility, increased customer satisfaction, and lower start-up costs are just a few of the benefits that can be expected through the use of QFD. 

Product development. Time is of the essence and you cannot wait X years to find out if your latest product advancement lasts X years you need an accurate estimate of lifetime within a short period of time. 

---