Accelerated Electronics Product Design Using Cloud Manufacturing

Cloud manufacturing solutions are on the rise, thanks in large part to the rapid adoption of smart technology in industrial settings. According to a report by Markets Research Future, the cloud manufacturing sector will grow at a CAGR (compound annual growth rate) of 16.1% between 2020 and 2027. By the end of the period, the global market for cloud manufacturing platforms will be worth $133B.

Driving this growth is widespread urgency to increase supply chain efficiency and agility. Companies need to create more value from existing assets, which requires transforming outdated processes and analog practices through digitization. Along the way, leaders hope to minimize risk and establish safeguards against disruption.

As we’ve seen throughout the COVID-19 pandemic, our supply chains aren’t as durable as we once hoped. Designed for stable times, traditional global supply chain networks have been challenged by the inconsistency of the last few years. Deeply intertwined systems reverberate issues outward from point of origin, affecting one location after another.

However, we can’t simply unravel the convoluted supply chain web built over the last 50 years. Outsourcing is still a compelling strategy for companies hoping to take advantage of low-cost labor and raw materials overseas.

How can enterprises speed up product development and reduce their risk exposure? What’s the best way to accelerate innovation in our fast-paced, interconnected world? Cloud manufacturing solutions solve these problems.

Cloud manufacturing is a modern manufacturing model that leverages digital design and manufacturing principles to streamline and optimize production processes. By integrating disparate functions and automating manual tasks through shared, remotely hosted software, cloud manufacturing empowers businesses to achieve a seamless end-to-end manufacturing operation.

Key Benefits of Cloud Manufacturing

• Enhanced Visibility and Transparency: Centralized data storage and accessibility improve collaboration between R&D, engineering, purchasing, and other departments, fostering a more proactive approach to manufacturing.
• Streamlined Operations: Cloud-based platforms eliminate the need for static spreadsheets and physical documents, reducing errors and accelerating decision-making.
• Reduced IT Burden: By offloading software management to third-party providers, IT teams can focus on strategic initiatives and innovation.
• Accelerated Time-to-Market: Manufacturing digitization enables rapid prototyping, testing, and full-scale production, speeding up product development cycles.

With a cloud manufacturing platform, you can:

• Iterate on designs
• Explore component availability
• Evaluate various manufacturers
• Place orders
• Estimate cost

All of this makes it possible for supply chain teams to leverage real-time data from electronics cloud manufacturing platforms and enables better decision-making through its use.

Moving quickly through the R&D and design phases for new products as well as making updates to previous designs is crucial in our ever-evolving global economy. As products become more complex, it becomes more difficult to keep up with consumer expectations. Going forward, companies must push out higher-quality goods faster than ever if they hope to compete. Luckily, accelerated product design is a hallmark benefit of cloud manufacturing.

Accelerated electronics product design is helped along by cloud manufacturing’s increased information flow between engineering and purchasing teams. It also shortens the feedback cycle governing product development. By putting these groups on a shared platform, companies eliminate inefficiencies and barriers that have traditionally held back production performance.

In the past, engineers have produced designs and prototypes based on normal component availability assumptions. This is a reasonable avenue during stable times. But this approach carries risk today, as unforeseen issues can lock up potential inventory, especially for complex components with no form-fit-function alternatives.

To compensate, purchasing teams have to increase the supplier base in hopes of expanding access to certain materials. But this, too, can carry a risk if unvetted sources are utilized. But platforms like MacroFab have extended sourcing opportunities already built in, allowing expanded sourcing options from pre-vetted sources.

Engineering teams can stop guessing about component availability or how the component landscape will change when they use a cloud manufacturing platform. Instead, they can pull this information in real time directly into their digital platform and use the data to inform alternative design creation. This makes designing several design variants possible, which empowers purchasing teams with even more options. In the event of a disruptive event or component shortage, teams can easily pivot between designs, shortening production downtime significantly.

Furthermore, purchasing teams can easily gather, evaluate, and store data related to products already distributed in the field. They can collect claims data, failure rates, usage information, and other metrics to determine how best to update existing designs. Again, with a digital manufacturing solution, engineers can see data points immediately without having to interact directly with the purchasing team, allowing them to make their conclusions about the best path forward. This shortens the feedback loop, accelerates product updates, and places better goods into customers’ hands faster.

Beyond enhancing the product design process, cloud manufacturing offers many other advantages. To increase supply chain resiliency and agility, companies have to invest in a high-quality cloud manufacturing solution and digitize what they’ve done manually for decades.