Managing bills of materials (BOMs) is critical to connecting design, purchasing, and production activities across a manufacturing business. The backbone of the manufacturing business, BOMs specify what to buy and what to build. They’re a fundamental tool used by manufacturers to define, communicate, and realize their products.
When a BOM is denied, redesign is required, and that can mean scrambling to replace obsolete parts, more stringent compliance issues, or inadequate stock.
Ineffective or poorly managed BOM processes lead to low productivity and costly errors. Sound BOM practices create a bridge that crosses all aspects of the organization by documenting engineering designs and providing the vital information needed by the Purchasing team. BOMs also provide the information and structure needed by the Manufacturing team to plan and execute orders, while its data provides info on weight and costs.
Data management system provider OpenBOM has just released a Bill of Materials study conducted by independent research firm Tech-Clarity. The Five Basics of Effective BOM Processes looks at how to integrate and manage BOMs across networks of engineers, supply chain managers, and contract manufacturers using cloud-based real-time collaboration and data management technology.
The Tech-Clarity research analyzes best practices and examines the top five fundamentals of efficient BOM management with a focus on cloud BOM management services that are simpler and have faster ROI than traditional systems. Customers can create BOMs either directly or from any CAD system of their choice (e.g. Solidworks, Autodesk Inventor, Solid Edge, etc.) and securely share that BOM in real-time on browsers or mobile devices with everyone who needs it, inside and outside the company.
“Effective BOM management creates a cohesive process that connects crucial information and people from design to purchase orders to production. It goes further to provide the right information, including historical data and activity logs, needed to resolve service issues. An effective process leverages a wealth of information in context, including CAD, items, and vendors, without duplicating data or allowing it to be shared without control,” explains Jim Brown, President of Tech-Clarity.