When PTC first rolled out Creo Simulation Live, product designers and engineers flocked to see demonstrations and live webinars. Many even tried evaluations. Everyone wanted to see how the breakthrough technology would work on real designs under real-world conditions. And while the software delivered on its promise to provide instant design feedback, one question remained. “How would this new approach to product development impact the bottom line—if at all?”
For those thinking about due diligence, here are some key questions you'll want to think about plus a sample return on investment (ROI) calculation to get you started.
If you’re trying to quantify how Creo Simulation Live will bring value to your company, explore the following questions:
Need more concrete numbers? A line by line approach may be useful. This helps you see quickly what costs you can expect and where you might save. Here’s an example in which we considered rework as well as costs for material prototyping, service, warranty, and repairs. For most, it doesn’t take long to recoup your investment:
Does Creo Simulation Live pay for itself? That depends on your company, your processes, and your team. Every situation is unique. But the above questions and sample calculations can serve as a guide to see if you’ll benefit from this ground-breaking software.
Cat McClintock edits the Creo and Mathcad blogs for PTC. She has been a writer and editor for 15+ years, working for CAD, PDM, ERP, and CRM software companies. Prior to that, she edited science journals for an academic publisher and aligned optical assemblies for a medical device manufacturer. She holds degrees in Technical Journalism, Classics, and Electro-Optics. She loves talking to PTC customers and learning about the interesting work they're doing and the innovative ways they use the software.