Advanced Research Journals of Science and Technology
ADVANCED RESEARCH JOURNALS OF SCIENCE AND TECHNOLOGY
(ARJST)
OPTIMIZING THE PRODUCT DEVELOPMENT TIME BY USING ADVANCE MANUFACTURING SOFTWARE’S
2349-1845
K.Rajanikanth1, J.Ranjith Kumar2, Gyadari Ramesh3, Dr.VVRLS.Gangadhar4, 1 2 3 4
Research Scholar, Department of Mechanical Engineering,Princeton college of Engineering and Technology,Hyderabad,India. Assistant Professor , Department of Mechanical Engineering, Princeton college of Engineering and Technology,Hyderabad,India. Associate professor , Department of Mechanical Engineering, Princeton college of Engineering and Technology,Hyderabad,India. Professor , Department of Mechanical Engineering, Princeton college of Engineering and Technology,Hyderabad,India.
Abstract In business and engineering, new product development is the complete process of bringing a new product to market. A product is a set of benefits offered for exchange and can be tangible or intangible. There are two parallel paths involved in the NPD process: one involves the idea generation, product design and detail engineering; the other involves market research and marketing analysis. Companies typically see new product development as the first stage in generating and commercializing new product within the overall strategic process of product life cycle management used to maintain or grow their market share. At present, product development is done by the companies using trial and error method which increases the total lead time, wastage of material. The product developers are not using the advanced software’s effectively. In this thesis, the time taken to manufacture the main housing used in weighing machine is estimated. Main Housing is drawn in 3D Modeling and feature based software Pro/Engineer. The time taken for modeling, part programming and machining time using software’s Pro/Engineer and Delcam is compared and analyzed in this thesis.
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ABOUT THE PROJECT
K.Rajanikanth, Research Scholar, Department of Mechanical Engineering, Princeton college of Engineering and Technology,Hyderabad,India.
Nevertheless, reaping the benefits of effective development often requires a large irrevocable investment. For some complex products, the product development process can take years and require millions of person-hours of effort. Accordingly, measures of performance of the development process, such as product development cycle-time, also known as lead-time , and engineering effort are widely applied and tracked.
Published: August 22, 2015 Review Type: peer reviewed Volume: II, Issue : I Citation: K.Rajanikanth,Research Scholar (2015) OPTIMIZING THE PRODUCT DEVELOPMENT TIME BY USING ADVANCE MANUFACTURING SOFTWARE’S
INTRODUCTION Development is the set of activities that transform a concept for satisfying perceived needs into a product or service that is ready for the market. Innovative firms use development to increase demand or even create entirely new markets through novel product design. In today’s technology driven marketplace, the importance of design and, therefore, development seems unquestioned. This importance is further reinforced because development not only establishes the functional performance of a product, but also drives the economic characteristics of that product. In fact, it is widely cited, that between 70% and 90% of total project costs are determined during the early stages of the development process. Furthermore, recent research has reinforced the importance of development in the context of other available options for firm spending. Specifically, the return on research and development spending via capital expenditure has been shown to be much more effective at boosting operating margin, market value, and sales growth
In contrast to its impact, the cost of development is generally assumed to make up a small portion of the total development effort cost, but this portion is rarely quantified. Recent trends have further raised the importance of development, making the lack of information regarding development costs increasingly unacceptable. In particular, the demands of consumers for product variety have increased considerably in the past and are expected to continue to do so in the future. These effects are magnified by the accompanying trend toward decreasing product lifetimes. SCOPE Conventional machining usually involves changing the shape of a work piece using an implement made of a harder material. Using conventional methods to machine hard metals and alloys means increased demand of time and energy and therefore increases in costs; in some cases conventional machining may not be feasible. So the process of using advanced manufacturing software’s in field of manufacturing reduces the lead time and improves the product development time and we achieve good dimensional accuracies . Computer-aided manufacturing (CAM) is the use of computer software to control machine tools and related machinery in the manufacturing of work pieces. 18