The Business Owner’s Brief on Accelerated Engineering and Digital Transformation

A digital transformation for small and medium enterprises holds the possibility for significant growth and improvements across an organization.

The right solutions and tools, however, are often cost-prohibitive and out of reach.

Small and mid-sized manufacturers need access to proven technology capable of turning their challenges into opportunities.

Watch this on-demand webinar and discover affordable solutions that are also flexible, scalable, and affordable.

Engineering in Small and Medium Businesses (SMBs) Survey by Lifecycle Insights

Lifecycle Insights recently surveyed small and mid-sized manufacturers to learn more about the challenges they face.

The survey reached more than 500 key decision-makers from around the world in a variety of industries.

This webinar explores the survey results with insights from three speakers discussing how SMB manufacturers are addressing these unique challenges.

Watch the webinar to learn about the strategies and initiatives manufacturers are using to succeed and grow their businesses.

Challenges Faced by Small and Medium Businesses

Companies large and small face different challenges, but SMB manufacturers in particular regularly need to do more with less.

The challenges most likely to impact a company’s outlook on improving mechanical design include:

• Maintaining development schedules and deadlines
• Satisfying target requirements
• Differentiation from competitive offerings
• Coordination with OEMs, suppliers, and partners
• Complying with regulatory requirements and standards
• Shrinking development budgets
• Setting and hitting cost targets
• Hiring, developing, and retaining quality talent

The right software tools can initiate a digital transformation for small and medium enterprises, leading to success and growth in the long term.

Mechanical Design Problems for SMB Manufacturers and Solutions with Accelerated Engineering

According to the survey discussed in this webinar, the majority of companies are making efforts to improve the mechanical design process.

Those improvements come in many forms:

• Changes to processes, tasks, and activities
• Different roles, responsibilities, skills, and training
• A new way to look at metrics, measurements, and KPIs
• Switching to new software solutions or computer hardware

After implementing any number of these improvements, many SMB manufacturers expect to see improved profit margins, increased productivity, shorter lead times, and better talent retention.