• How do leading manufacturers use cloud software to support product innovation, product development, engineering, and manufacturing?Please share your experience, thoughts, and lessons learned in this new survey on cloud software for product innovation and manufacturing.If you already completed the survey  –> please share with a colleague or on social media using the “Share/Save” buttons above. If you haven’t taken the survey  –> please: CLICK HERE TO TAKE THE SURVEY NOW!Complete the survey and receive a free copy of the final report. In addition, 25 *eligible respondents will … [ read more ]

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  • This infographic shares survey results about quality and cost management in the Consumer Packaged Goods industry. It visually communicates the results of our research that shows how Top Performing CPG companies are able to achieve better quality and better cost of quality, without trading one for the other. The research shares the methods these leading companies employ, including automation, integration, and a more holistic approach to managing quality.To learn more, please:View the full Stop Choosing Between Cost and Quality in CPG infographic from our sponsor Dassault Systèmes BIOVIA (free or … [ read more ]

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  • Please join Tech-Clarity's Michelle Boucher, Mark Turner from Alcon Labs, and Swapan Jha from PTC on Tuesday September 12, 2017 for a discussion on the right software solution for medical device engineering. The discussion will feature an interactive discussion between the panelists coving topics such as:Challenges facing medical device manufacturers. Why to consider the complete product lifecycle with respect to:Managing product and requirements. Transitioning from document to product centric approaches. Enabling smart and connected products.The best selection criteria for … [ read more ]

    Selecting the Right PLM Software for Medical Device Engineering (webcast)
  • Dassault Systèmes continues to make significant progress on the 3DExperience vision they laid out 5 years ago. This strategy has seen them transform from a software vendor offering distinct solutions for a variety of functional areas to a company that leads with a strong business transformation message backed up by a platform of solutions. I dropped "PLM" from the title of last year's strategy review. I feel even better about that decision a year later. They now have a broad software suite brought to market as solutions tailored to support key initiatives in the vertical industries they serve. As times goes … [ read more ]

    Dassault Systèmes Strategy 2017+

Component and Compliance Information in Supply Risk Management

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A quick peek into some research on … the importance of good supply chain information in A Risk-Based Approach to Component and Supplier Management: Mitigating Risk with Component and Compliance Intelligence. Supply Risk Management ReportThe research discusses how good intelligence on the supply chain can help mitigate risks such as counterfeits and fakes, obsolescence, and regulatory noncompliance. The report provides examples from a number of leading manufacturers including defense contractor BAE Systems, electronics industry service provider Jabil, and high tech company ON Semiconductor.

The Research Findings

There are a number of important observations based on interviews with the the three firms that agree to participate in the interviews. Please read the report for the full details. The main thing that stuck out for me was the need to build a framework that allows companies to leverage component and supply chain data to make good business decisions. This is critical to risk management, and helps companies avoid or reduce the impact of a number of common supply disruptions.  As the report finds, “The key is to arm the decision-maker with the right information in time to act strategically.” Like so many other aspects of product development and product lifecycle management (PLM) I have studied, supply risk is best addressed early, when there are still more options available.

The framework of information is not trivial, and requires an investment by the manufacturer to ensure complete, consistent, and accurate information. The elements of the framework include data from both the manufacturer and the supporting supply chain. For example, a good framework combines information from multiple sources, putting the supply data into the context of the company’s products and offering potential alternatives when issues do arise. This data can include:

  • Bills of Material (BOMs)
  • Approved Vendor Lists (AVLs)
  • Approved Material Lists (AMLs)
  • Component Specifications
  • Supplier Data
  • Obsolescence  Notifications
  • Controlled Substance Lists
  • Compliance Certifications
  • Bills of Substance (material composition for purchased components)
  • Notifications of Identified Counterfeits
  • And more

Having a clean, trusted source of information helps companies identify risk, analyze the potential impact, and mitigate the risk effectively. I can’t imagine summing up the findings from the research any better than one of the company thought leaders I interviewed for the report who said “Knowledge is power, the more you know the better decisions you can make.” Well said, and quite true.

Implications for Manufacturers

I often write about the importance of good software to help manufacturers maintain product profitability. This research is a good reminder that having the right information is just as important. Sourcing product and supply chain knowledge is a frequently overlooked aspect of a solid PLM strategy, as I mentioned previously in my report on Making Engineering Efficient – with Electronic Reference Information (no longer available, originally published at MBTmag). Having the right information – both internal and external – in a framework where it can be applied to make business decisions like risk management is an important tool in managing risk, but also to bringing profitable products to market in a broader sense.

Closed Windows of Opportunity

So that was a quick peek into some recent research on mitigating supply risk with good supply chain intelligence, I hope you found it interesting. Does the research reflect your experiences? Do you see it differently? Let us know what it looks like from your perspective.

Please feel free to review a summary of this and more free research and white papers about PLM and other enterprise software for manufacturers from Tech-Clarity. The full report is also available for free courtesy of IHS.

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