Consumer goods manufacturers face increasing complexity and competition in product development. The process requires collaboration among various stakeholders and can be time-consuming and costly. However, technology can help manufacturers streamline their processes and improve collaboration. This blog will explore three key ways simulation and modeling software can help elevate product development for consumer goods manufacturers.
Embrace a digital thread
The increasing complexity of product development makes it crucial to have a single source of truth for data across teams. This is where a digital thread comes in. A digital thread is a single strand of data that connects all aspects of the product development process. It can help manufacturers manage complexity, streamline processes, and reduce errors. Implementing a digital thread can improve collaboration across teams and reduce time to market.
Leverage advanced analytics
Advanced analytics can help manufacturers gain insights into their product development process. By using data to drive decisions, manufacturers can predict and mitigate potential issues before they arise, improve product quality, and reduce time to market. For example, software can analyze data from various sources, such as sensors and product testing, to identify patterns and make predictions. This can help manufacturers optimize product performance and deliver better products to market.
Invest in simulation and testing
Simulation and testing are essential components of product development. They allow manufacturers to validate designs, identify issues, and optimize product performance. However, traditional testing methods can be time-consuming and costly. By investing in simulation and testing software, manufacturers can reduce the time and cost of testing while improving the accuracy and reliability of their results. For example, software can simulate various conditions and environments to test product performance before costly production begins, improving efficiency and reducing waste by reducing the need for physical testing.
How do you start your journey toward digital transformation?
Consumer goods manufacturers face increasing complexity and competition in product development. However, simulation and modeling technology can help manufacturers elevate their product development process. By embracing a digital thread, leveraging advanced analytics, and investing in simulation and testing software, manufacturers can streamline their processes, reduce errors, and ultimately deliver better products to market. Using Siemens smart product and process design solutions that specialize in these areas can help consumer goods manufacturers stay ahead of the curve and thrive in today’s fast-paced market.
Want to learn more?
Read our expert guide for best practices for modeling and simulation in consumer packaged goods, authored by Tom Lang, a former Procter & Gamble veteran who established and directed the Modeling & Simulation (M&S) community. Our guide provides valuable insights and practical strategies for success.
Download and read the expert guide to learn more!