Product category:
3D CAD software
News Release from: NinaTek
Edited by the Engineeringtalk Editorial
Team on 13 May 2003
Breakfast forum reveals key reliability
benefits
NinaTek reports an overwhelming response to its latest product reliability breakfast forum.
NinaTek reports an overwhelming response to its latest product reliability breakfast forum The forum, sponsored by NinaTek, was presented by Patrick Hetherington, a leading expert on product reliability and Director of the Reliability Analysis Center (RAC)
This article was originally published on Engineeringtalk on 24 Jul 2003 at 8.00am (UK)
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The goal of this forum was to facilitate a cross-industry discussion to discover new viewpoints and to explore new and emerging techniques and ideas.
In attendance were manufacturing companies representing transportation equipment, electronics, computer equipment, design services, industrial equipment, aerospace components, and water management industries as well as university representatives.
Overall, the delegates provided excellent feedback to the forum stating it was "informative, motivating, and a good, high-level overview containing valuable information".
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Moreover, all the respondents said they would like to attend future similar events and provided many insightful ideas for future topics.
The most frequently requested topic was quantifying and analysing costs of items such as product life cycle, warranty, design and reliability implementation.
Josh Siler, NinaTek's Director of Technology, said: "The excellent turnout to the event confirms the high-interest for ongoing improvement in product reliability".
The product reliability forum covered a 'state of the industry' review of product reliability in manufacturing, including the past, present and future of product reliability along with the key drivers for future improvements.
Hetherington said: "High reliability leads to higher market share, decreased warranty costs, lower operating costs, and high-tech innovation".
Hetherington also emphasised the most effective method of justifying product improvements is for reliability practitioners to translate abstract statistical terminology into financial impact that business decision makers can readily understand and act on.
Delegates were also provided a first look at NinaTek's new product performance software, designed to provide business users with a standardised analysis across the enterprise and produce consistent ROI predictions for value improvement projects.
Additionally, Hetherington pointed out some relevant statistics on the cost benefit of investment in reliability: a 5% increase in reliability focused development costs returns 10% reduction in warranty costs; a 20% increase in reliability focused development costs will typically half warranty costs; and a 50% increase in reliability focused development costs can reduce warranty cost by a factor of five.
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