CIMdata research shows that using an integrated BOM management solution which provides a single source of truth across an enterprise’s value chain can reduce BOM errors by 40% to 80%.
Global manufacturers are striving to find an approach that supports the increasing product complexity and supply chain interactions, crucial to success of efficient new product launches. Years of process evolution, changing application strategies, legacy technologies and mergers & acquisitions have resulted in most companies having a complex and disparate BOM environment.
The additional effort needed to ensure consistency, completeness and correctness of BOM information across these environments is dramatically increasing the pressure on the product realization budgets and time to market. These constraints and the inability of legacy BOM solutions to enable a higher level of product realization efficiencies are forcing manufacturing companies to reassess their BOM strategy and solutions.
Join Geometric and CIMdata to learn about:
• Current challenges and concurrent trends in BOM Management
• Global best practices of BOM management and a modular multifaceted model approach for Single Enterprise BoM
• Industry success story – Experiences, achievements and critical success factors of implementing a single BOM approach