CIMdata PLM Industry Summary Online Archive
12 December 2005
Subject
CIMdata in the News "Virtually Flawless"
The idea behind digital manufacturing is to leverage IT to collaboratively develop the manufacturing plan and manufacturing equipment simultaneously with the product. Why is this important? Because design flaws, manufacturing kinks and inefficient processes can be hammered out and corrected early on when changes create little disruption of critical time-to-market schedules. The potential cost savings are huge. While the concept isn't entirely new (early iterations were known as concurrent engineering or design for assembly), it's only now starting to take root. CIMdata, a consulting and research firm specializing in product lifecycle management issues, estimates that investments in digital manufacturing technologies will grow at a clip of more than 25 percent annually for the next three years.
Want to learn more about digital manufacturing? Read the article Virtually Flawless? by Beth Stackpole in CIO Magazine, 12/12/05.
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