The Roles of Simulation and Testing in Product Development

Lifecycle Insights deployed its 2021 Return on Investment (ROI) of Digital Transformation (DX) Study to quantify issues driving manufacturers to pursue DX initiatives, measure product and development complexity, and examine the ROI of these efforts.

Simulation and test is a vital step in the product development process. The value extends from design all the way to product maintenance and servicing. It helps organizations build better products, enhance their safety profiles, and bring them to market faster. These improvements in the product lead to greater customer satisfaction. Findings from the ROI of DX Study demonstrate that companies that employ simulation need fewer prototypes, fewer engineering change orders (ECOs), and fewer days in inventory.

This eBook highlights the role of simulation and test in streamlining product development and manufacturing processes. Each section will explore the ROI of these efforts by comparing the most progressive and least progressive companies against critical business parameters.