Financial

concurrent engineering

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concurrent engineering

the term used to describe a group who are drawn from different disciplines to work on a problem within the firm. For example, a new product analysis concurrent engineering team may consist of a production engineer, cost accountant, marketing specialist etc. Thus, concurrent engineering can reduce product development time allowing the product to be brought to market more quickly and at a reduced cost. Typically also used as the basis for a team in VALUE ANALYSIS. See NEW PRODUCT DEVELOPMENT. See also MATRIX.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
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References in periodicals archive
Concurrent engineering is a widely used term and anyone who appreciates motherhood and apple pie will surely claim to practice it in their design process.
It was designed only to test the functions of RP in a concurrent engineering environment and is not yet available for industrial use.
Rapid prototyping, concurrent engineering and shorter lead times mean faster time-to-market and lower overall costs for our customers.
Section 3 gives brief theoretical issues of interest when discussing product design under concurrent engineering environment and presents a logistic design framework model for integrated product design.
As a result, the first samples were produced less than three weeks after the original request for a quotation had been issued - due to close collaboration and concurrent engineering between Triumph and PWI.
One of the most prevalent is concurrent engineering, which is a systematic approach to the integrated concurrent design of products and their related processes, including manufacture and support.
Concurrent engineering is a business strategy which replaces traditional linear product developments with one in which tasks are done in parallel.
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