Web-Based Application addresses Product Lifecycle Economics(TM).
Share:
Press Release Summary:
Nlighten(TM) evaluates alternative design scenarios and predicts lifecycle costs, unifying product data from various sources into one product analytic data model. It provides access to field data as well as historical product and parts failure metrics and alerts users on emerging product field issues in real-time. Software also performs what-if lifecycle cost analysis, monitors effectiveness of design changes, and provides access to relevant design changes.
Original Press Release:
NinaTek Introduces Nlighten(TM) , The First Web-Based Application to Provide Product Lifecycle Economics(TM) for Manufacturers
Introducing Nlighten from NinaTek, Inc., the latest in breakthrough software technology designed to help manufacturers improve product profit margins, optimize value improvement activities, and increase engineering efficiency.
Nlighten brings a brand new perspective to product engineering as the first application created to address Product Lifecycle Economics. Nlighten enables engineers to reveal hidden design and value-improvement opportunities from in-service product field data, and analyze the effectiveness and financial impact of their product design decisions-- past, present and future. Additionally, Nlighten puts actual field data at the fingertips of product engineers in rapid time, providing quick and easy access to historical product and parts failure metrics. As a result, engineers can now access the information they need, when they need it, to make business savvy design decisions.
Nlighten is unique in that it alerts users on emerging product field issues in virtual real time, while there is still time to prevent an escalation of operational costs and negative market exposure. Mike Barry, President and CEO of NinaTek said "We have received enthusiastic market response on Nlighten's ability to help boost manufacturers' profits by helping to reduce product lifecycle costs, such as warranty, while simultaneously improving customer loyalty".
Nlighten is the first application specifically designed to provide decision support capabilities to product engineers, enabling the evaluation of alternative design scenarios and the prediction of their respective lifecycle costs. Engineers can now understand and optimize lifecycle costs as a design variable, and apply more accurate and consistent ROI predictions for value improvement projects.
"Typically about 30% or more of the design engineers' time is spent looking for the information they need to revise or design new products." said Lou Novoa, former Chief Engineer at Freightliner. "Usually the information is scattered throughout various systems, and is not easily accessible or in the form that makes it possible for designers to really use it to ensure each new product generation is better and more profitable than prior versions." Nlighten rises to this challenge by unifying product data from various sources, such as field service, warranty, and manufacturing, into a product analytic data model that helps make engineers much more efficient. Furthermore, Nlighten transforms complex statistical analysis into easy-to-use and understand metrics that design engineers and decision makers can quickly act upon with full confidence.
Following is a summary of Nlighten's benefits:
Improves product margins:
· Performs what-if lifecycle cost analysis on alternative design scenarios
· Optimizes lifecycle costs as a design variable
· Sets alerts to identify and resolve field performance issues early in the lifecycle
· Helps make more informed supplier and design re-use decisions
Optimizes value improvement activities:
· Identifies and justifies lifecycle costs savings opportunities at the product and part level
· Monitors effectiveness of design changes in achieving cost reduction objectives
Increases engineering efficiency:
· Enables quick and easy access to historical field product performance information
· Empowers design engineers to directly utilize and understand complex statistical analytics
· Provides access to relevant design changes to avoid engineering rework
· Replaces labor-intensive static reports with dynamic analytics and up-to-date information
Nlighten delivers immediate value as a 100% web-based application. Authorized users can access Nlighten with any popular Web browser Additionally, NinaTek offers a quick and easy no-risk trial program that demonstrates how the application can pay for itself in cost savings opportunities.
NinaTek is a privately held corporation based in Portland, Oregon. Understanding the needs of global manufacturers in the transportation, medical equipment, farm machinery, and aerospace industries, NinaTek develops and delivers a family of Product Lifecycle Economic applications that can be utilized to address the needs of product designers, executive users, warranty and service management. Parties interested in a demonstration on NintaTek's Nlighten application, may contact Ken Vartanian at: 800-593-4188, Ext. 211, or kenv@ninatek.com.
