Concurrent engineering, often known as simultaneous engineering, is a product development process in which the various stages are completed simultaneously rather than sequentially. It cuts the time it takes to design a product and get it to market, leading to increased production and lower costs.
Concurrent Engineering is a long-term business strategy that pays off in the long run. Although implementation can be difficult at first, the competitive edge implies it will pay off in the long run. It eliminates the need for many designs reworks by fostering an atmosphere where a product can be designed correctly the first time.
Concurrent engineering has a lot of business benefits, thus it’s a good method to use. Concurrent engineering can lead to the following outcomes:
Also, See: Benefits realizations
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