Computer Aided Engineering techniques have been in the engineering domain from past several decades, and has been tremendously improvised to eliminate the use of experimental validations. Research shows that all the best in class manufacturers utilize simulation in the design phase to develop better, faster and cheaper products. The reason for such an immense inclination of manufacturers towards adopting simulation tools in the design process is the ability to bring products in the market as much fast as possible.
However, the increasing competition in placing the products in the market faster poses challenging situation for small and medium scale manufacturers in delivering their products at the right time. This necessitates for SMEs to realize the importance of CAE tools and incorporate them in the product development process.
Considering an example of automobile parts manufacturers, the Tier-2, 3 and 4 suppliers face such competitive challenge at the most.
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