To compete in today’s fast-paced aerospace sector, suppliers are striving to innovate, while reducing time to market. Unfortunately, small and medium sized aerospace suppliers often find it challenging to keep pace with larger competitors. The goal is to increase market share, revenue, and gross margins, but making that a reality is easier said than done.
One way that small and medium sized firms can get ahead is by transforming their data, information, and industry knowledge into a source of competitive advantage. Many software tools that aerospace suppliers use today focus on individual processes. This siloed approach can lead to cost and quality issues. In contrast, digital continuity integrates engineering processes from the proposal stage all the way through engineering, manufacturing, and delivery.
Platforms like Dassault Systèmes Engineered to Fly promote digital continuity by capturing engineering knowledge in a single system. This provides several benefits to aerospace suppliers:
- Information is easily reused. As a result, time that used to be spent on proposal development is freed for product innovation.
- Silos are removed. Engineering teams have access to a common reference, which improves efficiency.
- The bidding process can be proactively managed. Organizations that create comprehensive proposals in a timely manner have a competitive edge in the market. Systems that promote digital continuity make this possible.
By managing project functions as a cohesive whole, aerospace suppliers enjoy greater efficiency and profitability. Rand 3D has extensive experience working with the aerospace industry to achieve digital continuity through information systems. To learn more, feel free to contact us.