Concurrent engineering is a systematic method of designing and developing products where different activities run simultaneously. This is also known as simultaneous engineering. By performing different tasks simultaneously, concurrent engineering decreases the production time leading to reduced costs. Although concurrent design and manufacturing requires extensive communication and coordination between disciplines, the benefits can increase the profit of a business and lead to a sustainable environment for product development. Concurrent design and manufacturing can lead to a competitive advantage over other businesses as the product maybe produced and marketed in less time.
In contrast, sequential engineering begins with customer requirements and then progresses to design, implementation, verification and maintenance. The approach for sequential engineering results in large amounts of time devoted to product development. Due to large amounts of time allocated towards all stages of product development, sequential engineering is associated with high cost and is less efficient as products cannot be made quickly.
Expected Benefits(Concurrent Engineering)
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