DriveWorks News & Insight
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Deliver custom products faster & with greater accuracy using DriveWorks automation, 3D configurator & CPQ software
Welcome to the August 2024 edition of the DriveWorks monthly LinkedIn newsletter.
In this month's newsletter you can learn more about:
Practical Examples of Design Automation
Preparing engineering data for a custom product can be a lengthy and complex process. It typically involves an engineer copying existing 3D CAD models and updating dimensions, suppressing and un-suppressing features, and replacing components to meet the client’s specifications. Once the 3D CAD models have been updated, the drawings, BOMs, and cut lists also need to be created.
Design automation tools streamline this process by capturing and reusing design, process, manufacturing, and cost estimation knowledge to automatically create the documents and data required to sell and manufacture custom products.
Manufacturing businesses across all industries use design automation tools to increase efficiency, reduce errors, streamline workflows, and free up time for product innovation. Taking a look at some practical examples of design automation is a useful way of seeing how design automation tools deliver business benefits for manufacturers worldwide.
Industry Spotlight: Conveyors
The materials handling industry, and in particular conveyor manufacturers, is integral to numerous sectors, from manufacturing and warehousing to distribution and logistics.
However, the industry faces several challenges that can impact efficiency and productivity. DriveWorks technology provides a powerful solution to these challenges by automating the design process, reducing lead times, enhancing cost efficiency, ensuring accuracy and quality, and providing scalability for growth.
The Rise of Self-Serve Buyers
Over the past five years, the buying behavior of B2B buyers has transformed dramatically and we’ve seen a significant rise in the number of self-serve B2B buyers.
According to research from McKinsey, only about 20% of B2B buyers now prefer in-person interactions with sales representatives. In addition, there’s been an increase in high-value self-service purchases, with 70% of B2B decision-makers saying they are open to making purchases exceeding $50,000, and 27% are willing to spend more than $500,000 without direct sales rep involvement.
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What's on the Agenda at September's DriveWorks Drivers?
DriveWorks Drivers is a quarterly virtual networking and knowledge-sharing initiative connecting DriveWorks users worldwide.
DriveWorks Drivers meetings are a value add for those using?DriveWorks Solo?or?Pro?with an active subscription. We’ve also extended the invitation to Applications Engineers from our VARs who specialize in DriveWorks – bringing their?valuable insights?to the meetings.
We will be hosting the next meetings on Thursday,?5th September at?1.30pm NZST and 3pm BST?so please?join us?at whichever?time suits you best!
Agenda for 5th Sept 1.30pm (NZST)
Agenda for 5th Sept 3pm (BST)
We'll also be joined at DriveWorks Drivers by Ketan Panchal who has recently joined the DriveWorks team, and Bridie Mills returns from maternity leave!
Hope to see you there.
Further Suggested Reading