Concurrent engineering is a concept which refers to the simultaneous engineering or participation of all functional departments in the product or service development and design. This activity normally includes suppliers and customers in the design process too. Concurrent engineering decreases the amount of time it takes to develop products and services and reinforces the importance of crossfunctional design. Concurrent engineering also ensures that the final design does in fact meet the needs of stakeholders, customers and helps to minimize costs while maximizing the quality.
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