The Benefits of Simulation

25th March 2019, Zagreb, Croatia

NAFEMS is a not-for-profit engineering membership association and part of our mission is to improve the competitiveness of companies by encouraging them to adopt engineering simulation.

To assist with this goal we are organising this one-day seminar in Zagreb on Monday, 25th March 2019.

This seminar is a genuine endeavour to equip the attendees with relevant information on the overall value of engineering simulation to a business, and how it is increasingly a requirement for continued innovation and the ongoing competitiveness of companies.

Large companies in industries like automotive and aerospace appreciate the value of simulation but for industries where the use of simulation is not as mature the value that simulation can bring is less well understood. Small and medium-sized businesses (SMBs) need advice on how to justify investment in simulation in ways that reflect the limited resources that are available.

Most businesses involved in producing a product are faced with a number of major business challenges, including:

• Increasing competition;
• Increasing expectations of value;
• Quality expectations;
• Increased customisation;
• Model proliferation – resulting in shorter useful product life,• Less time to get to the profit stage;
• Less time at the profit stage.
  

The ‘Benefits of Simulation Seminar’ therefore aims to:

• Demonstrate the business value of simulation, particularly for small and medium-sized businesses (SMBs) and industries where simulation is not a mature capability;
• Identify successful implementations of simulation which have provided a noticeable return on investment and promote the lessons learned from these implementations;
• Disseminate techniques that will allow organisations to maximise their investment in simulation, including change management, skills development and simulation management;
• Provide guidance on different methods of deploying a simulation capability.
  

Simulation has and will continue to play a major role in product and process innovation. New ideas have to be tested, qualified and refined before they can be put into practice or introduced to the market.

Download the presentations