Smart Manufacturing – Reducing Costs Through Virtual Simulation
In the manufacturing process, recognising optimisation potential in product development and implementing has immense effects in cost and time savings as proven by Hexagon.
Digitalising Manufacturing
In the manufacturing sector, Industry 4.0 has been present in public discussions and top management agendas. Central here is the transformation process from individual, human controlled production steps to connected, digitalised production. Manufacturers are looking for intelligent solutions to heighten quality and productivity.
Hexagon helps companies digitally transform manufacturing processes, seamlessly connecting data throughout the process and converging the real and digital worlds to drive continuous improvement. Hexagon’s Manufacturing Intelligence division provides solutions that utilise data from design and engineering.
Origins Of Costs
Developing and production planning departments are responsible for up to 90% of the product’s life cycle costs – at a point when a component does not physically exist. It is necessary to take all possible measures early to enable robust, error-free and economical production.
Numerical simulations play an important role here: physical tests of products or processes are replaced by virtual experiments on computers, which drastically reduce prototype production costs. In addition, they reduce product development, delivery times through analysis and validations on the virtual model, and improve quality.
For the success of manufacturing companies, process’ virtual manufacturability analysis and simulations prior to production are critical; changes to the product or production process are often associated with high testing and approval efforts resulting in rapidly increased costs.
In practice, savings in process and development costs of around 50% can be achieved. Production costs can be reduced by up to 30% through better machine utilisation, optimised stage sequences, sustainable material use and reduced set-up. Quality indicators are improved by reducing scrap and rework by over 20%.
Read more here 👉 https://shorturl.at/joR38
Related Stories:
Renishaw Reveals HPMA-X — Extra Large Tool Setting Arm For Machine Tools
Setting The Bar For Custom Application Measurement
Tesla Leverages Malaysia Tariff Liftings For A Later Grand Entrance
A*STAR Leads R&D Programme With 10 Industry Partners To Develop High-Performance EV Components
HP To Shift PC Production To Thailand To Reduce China Reliance
OpenAI Sued For Copyright Infringement
ChatGPT – A Weapon Of Market Consolidation?
Companies Struggle To Protect Corporate Secrets From ChatGPT
Samsung Employees Accidentally Leaked Company Secrets Via ChatGPT
WANT MORE INSIDER NEWS? SUBSCRIBE TO OUR DIGITAL MAGAZINE NOW!
CONNECT WITH US: LinkedIn, Facebook, Twitter
Letter to the Editor
Do you have an opinion about this story? Do you have some thoughts you’d like to share with our readers? APMEN News would love to hear from you!
Email your letter to the Editorial Team at [email protected]
