Concurrent Engineering with IT-Tools for successful industrial products in a global market

The paper presents and discusses research results concerning Concurrent Engineering with IT-Tools for Successful Industrial Products on a Global Market. Concurrent Engineering, often is called just ¿CE¿, that is a systematic approach to the integrated, concurrent design of products and related processes, including manufacture and support. This approach is intended to cause developers, from the outset, to consider all elements of the product life cycle from conception through disposal, including quality, cost, schedule, and user requirements and practical daily use. The increasing competition on the world market and the increasing global public demands, requirements and regulations for protection of the environment are both driving forces and challenges for improving the development of control and engineering design. There has always been an ongoing desire to develop and design systems to improve performance of products, productivity and efficiency of process operations. Smart use of simulation and modelling IT tools can improve many enterprises ability to compete and survive on the market. European Enterprises developing, designing and manufacturing hydraulic components and hydraulic systems for machines and machinery have to face some very hard competition condition operating on the world market: · The competition from enterprises outside Europe, in particular Asia due to much cheaper labour cost etc. · The technological competitions from electrical motors and drives In particular, SMEs Enterprises (Small-Medium Enterprises) have to adapt to survive on the market.