How one company reduced design errors by 50%

By Alyssa
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Chongqing Yinhe Experimental Equipment Co. Ltd (CQYH) is China’s leading research organization.  It develops and manufactures environmental and reliability testing equipment both in series and for specific customer requirements. Its equipment is used by companies in the military, high tech, aerospace and automotive sectors around the world. While it is among the top three environmental instrument manufacturers in the world market, CQYH was facing increasing pressure from competitors. To stay ahead, they set a goal to improve development efficiency and to create a better user experience by focusing on creating products that promote the sustainable growth of its customers.

To accomplish this, they needed to re-engineer their order fulfillment cycle to accelerate delivery of products tailored to customer requirements. CQYH chose Dassault Systèmes’ 3DEXPERIENCE platform® and its Simple Solution Selection industry solution experience. One of the advantages to this new system is that they can input customer requirements and display them in a 3D model. The customer can review and validate the design then instantly confirm it for production. This has essentially eliminated the need for physical prototypes for customer review, which has accelerated order fulfillment by 50%.

The solution also facilities a better understanding of exactly with customers want, reducing design errors by 50%improving time to delivery and customer satisfaction.

To learn more about the benefits CQYH has seen through the 3DEXPERIENCE platform and Simple Solution Selection that have helped them more successfully compete on an international scale, read our recently-published case study.

How is IoT shifting industrial equipment business models and profits online?

By Alyssa
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IE-EquipmentOutcomes

The era of the Internet of Things (IoT) is opening new business opportunities for industrial equipment (IE) companies. As profit margins are declining at the same time machine efficiency is increasing, manufacturers are seeking alternatives ways to reduce waste and costs. IoT is offering one path to this, by networking objects, adding sensors and capturing data that can be analyzed to improve machine productivity and reliability and reduce downtime.  It is allowing IE companies to create ‘pay as you go’ services, opening new paths for competition and profitability.

clicktotweetClick to Tweet: “IE companies that don’t rethink business models risk jeopardizing business.” – Dominik Wee @mckinsey 3ds.one/IE-EqOut

An article in the new issue of Compass magazine examines this trend of IE companies investing in IoT to develop new revenue streams through new business models.  Examples from 3 companies – GE, FANUC and SKF – are explored.  GE, for example, has invested nearly $1 billion in IoT, essentially changing the company’s business from selling machinery to selling outcomes, including efficiency and uptime.  FANUC can monitor over 6000 robots in 26 GM factories to see if there’s any abnormal wear that could lead to a failure. If a potential failure is identified, parts can be proactively sent to address the issue before any downtime occurs.  Given that each minute of factory downtime costs GM upwards of $20,000, this can lead to a tremendous savings.

clicktotweetClick to Tweet: Why has @GE invested $1B to turn #IOT into a new revenue engine? #3DSCompass 3ds.one/IE-EqOut

To learn more about what these 3 companies and others are doing with IoT as a means to get closer to their customers and improve uptime and efficiency, read the article “From Equipment to Outcomes” now.

 

The Rising Power of the Industrial Internet

By Alyssa
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It’s no secret that over the last 20 years our daily lives have been massively transformed by the internet. The same can’t be said for intelligent industrial systems, but this is now rapidly progressing.

On Dassault Systèmes’ LinkedIn community, Future Realities we asked our members to submit questions about how the internet is changing industry. WSJ Custom Studios filmed Dassault Systèmes VP of Industrial Equipment, Philippe Bartissol, addressing the top questions.

PB

We invite you to check out the 3 minute video now.  Topics include how manufacturers can quickly create the customized products consumers demand, how data taken directly from industrial equipment can help predict – and therefore avoid – failures and expand the life expectancy of the equipment and how software can introduce flexibility into the manufacturing process.

PS – if you aren’t a Future Realities member, it’s easy to join the community – just visit here and request membership on the top right hand corner.  There are nearly 25,000 members from around the globe who come to discuss current and future trends.  Come share your opinion on the next big thing!



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