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Home > QFINANCE Dictionary > Definition of simultaneous engineering

Definition of

simultaneous engineering

Operations & Production

product development by teams working in parallel a team-based cooperative approach to product design and development, in which all parties are involved in new product development work in parallel. Simultaneous engineering reduces or removes the time lag between the different stages of a product's development, and earlier entry into a market is therefore possible. Product quality is improved, development and product costs are minimized, and competitiveness is increased.

Related definitions of "simultaneous engineering"

simultaneous engineering - Related Articles
  • Engineering

    Sector Profiles

    Simultaneously with all this, of course, established international engineering companies specializing in a huge array of disciplines, are essential generators of GDP growth in virtually all the developed, and many developing economies. This leads directly to the topic of outsourcing, which is one

  • The Case for Continuous Auditing of Management Information Systems

    Best Practice

    that can be applied to types of governance decisions, the final outcome is a matter of judgment. Normally, IT processes can be adapted to support judgmental decisions through the utilization of engineered business processes.
    By Robert E. Davis

  • Protecting Your Intellectual Property—Nonregistered Rights

    Best Practice

    in the same object, whether serially or simultaneously. Thus an invention, which is vulnerable until the patent right is granted, is protected as a trade secret until it is disclosed to the public. Equally, a computer program that satisfies the appropriate criteria for patentability is also protected
    By Jeremy Phillips

  • Construction and Building Materials

    Sector Profiles

    The industry has a clear overlap with civil engineering on infrastructure projects, particularly where groundworks and ground preparation for site construction are concerned.

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Definitions of ’simultaneous engineering’ and meaning of ’simultaneous engineering’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’simultaneous engineering’ and other financial terms with our online QFINANCE Financial Dictionary.

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