Concurrent Engineering is a modern way of developing products that has become popular in the past decade. It has changed how both academics and industries approach product development. This method involves working on different aspects of a product at the same time, instead of one after the other. The goal of this paper is to explain what Concurrent Engineering is, compare it to traditional methods, and discuss the technologies that make it possible. The main finding is that implementing Concurrent Engineering can help companies understand how to develop products more efficiently.