Arkestro

SEPTEMBER 18, 2023

Determining the total delivered costs for any given Bill of Materials can often be very complex, according to David Schultz, VP and Global Supply Chain Executive of Westfall.

Data 52

Data Bill of materials Supply Chain Efficiency Procurement 52

Procurement Leaders

DECEMBER 9, 2022

Our risk approach isn’t based on the traditional level of spend with suppliers, but on a number of risks we have based on our bill of material for a given product or service. What innovative initiatives have you put in place to help mitigate the impact of economic headwinds?

Suppliers 147

Suppliers Bill of materials Raw materials Supplier relationship management 147

Spend Matters

FEBRUARY 13, 2023

The company achieves this by using an advanced Al paired with real-world, in-the-moment perspectives from a proprietary network of partners that deliver insights down to the bill of material level.

Risk management 77

Risk management Supply Chain Optimization Risk Supply chain 77

ivalua

JANUARY 29, 2021

In some respects this is understandable as this area of the business has 70-80% of the spend in the organisation compared to indirect and has been an area under developed as it has been historically difficult to connect procurement tools to other systems involved in direct materials, such as PLM or MRP systems.

Suppliers 195

Suppliers Bill of materials Procurement team Risk management 195

ivalua

AUGUST 18, 2015

the bill-of-materials target cost through the entire product lifecycle. The value created here is a higher return on innovation investments, product leadership in the market, and top-line revenue growth. If you work in strategic sourcing and supplier management, supplier collaboration enables you to achieve (or beat!)

Collaboration 173

Collaboration Suppliers Bill of materials Supply Chain Efficiency 173

ivalua

JULY 10, 2019

Pre-packaged solution highlights for manufacturers include: Bill of Materials (BOM) Management: Effective supplier selection and cost modelling with n-level BOM visibility to optimize supply chains and speed time to market.

supply chain budgeting 113

supply chain budgeting Agile and Lean Supply Chain Bill of materials Supply Chain Efficiency 113

SCMDOJO

OCTOBER 7, 2024

It is this framework that acts as the foundation of the comprehensive software we have available today, integrating material requirements planning, bills of material, inventory management, production scheduling, master production scheduling, purchasing and procurement, customer order management, and accounting.

supply chain budgeting 52

supply chain budgeting supply chain software solutions Supply Chain Efficiency Bill of materials 52

ivalua

MARCH 13, 2019

For example, when launching a new product, bill of materials automation that shows the available suppliers for every component and allows you to engage with each is critical. Technology is critical here, to provide the visibility, efficiency and ability to share information securely and broadly.

Innovation 113

Innovation Supply Chain Efficiency Supply chain Bill of materials 113

EazyStock

APRIL 20, 2020

Components Forecasting via Bill of Materials (BOM). Bill of Materials, or BOM, is the components required to manufacture or assemble a product. Our developers are working hard every day to make sure EazyStock is living up to your high expectations for advanced inventory optimization. What’s new?

Bill of materials 52

Bill of materials Supply Chain Optimization Order Fulfillment Demand 52

ivalua

AUGUST 18, 2015

the bill-of-materials target cost through the entire product lifecycle. The value created here is a higher return on innovation investments, product leadership in the market, and top-line revenue growth. If you work in strategic sourcing and supplier management, supplier collaboration enables you to achieve (or beat!)

Collaboration 100

Collaboration Suppliers Bill of materials Supply Chain Efficiency 100

Supply Chain Game Changer

APRIL 30, 2019

We were missing customer deliveries due to problems in getting the correct, and complete data, into the systems which enabled us to manage bills of material and manufacture products. Shortly thereafter I started getting calls from the CEO. Product Data Management (PDM).

Data 60

Data Bill of materials Management supply chain software solutions 60

ivalua

APRIL 23, 2021

If procurement is unable to utilise the Bill of Material (‘BoM’) data in the PLM system that the Engineering team are utilising to develop the new product, then the barriers to collaboration are clear. .

Collaboration 130

Collaboration Procurement team supply chain budgeting Bill of materials 130

Procurify

AUGUST 23, 2022

In order to begin lean manufacturing, businesses should examine all of their routings, bills of material, and equipment to determine what changes need to be made. Products with better quality will have a lower return rate; thus companies will need fewer resources for returns and customer complaints. Warehousing.

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Supply chain management Supply chain management Supply Chain Efficiency 59

ivalua

OCTOBER 15, 2015

Second, break your register into three classifications related to risks associated with your suppliers, bill of materials, and commodity. Exploring product design changes in the face of rising component costs. This will ensure you have a comprehensive view of risk and its impact on your business.

Risk 100

Risk Bill of materials Supply Chain Efficiency Suppliers 100

Spend Matters

OCTOBER 31, 2024

Spend Matters honors a vast array of procurement solution providers each year by selecting them for our ‘50 to Know,’ ‘50 to Watch,’ ‘Future 5’ and ‘Hall of Fame’ celebration lists. Discover everything you need to know about these accolades here, including who is on them.

Real-time Visibility 105

Real-time Visibility Supply Chain Efficiency Buyers Supply Chain Optimization 105

Spend Matters

OCTOBER 31, 2024

Spend Matters is delighted to announce the 2024 roster for our ‘Future 5’ list. For the sixth year in a row, our analysts have highlighted five start-ups that excited them the most. This year, the five companies that have proven themselves as potential future trend setters are BlueBean , ivoflow, Covalyze, Halo Ai and True Value Hub.

Buyers 102

Buyers Raw materials Networking Suppliers 102

ivalua

NOVEMBER 7, 2019

These include new Advanced Product Quality Planning (APQP) and New Product Introduction (NPI) capabilities, as well as enhancements to its existing Bill of Materials (BOM) Lifecycle Manager. The new capabilities enable visibility of common components across multiple Bill of Materials imported from PLM and ERP systems.

Innovation 22

Innovation Bill of materials Supply Chain Efficiency Management 22

Spend Matters

JUNE 19, 2023

Supplier-specific data: at the level of the group (several entities), location (site), machine, material, etc. Allocations: based on spend mix, BoMs (Bill of Materials), etc. Some vendors also enable users to manage the allocation of emissions to final products based on data at the material level and BoMs.

Management 83

Management Bill of materials Quantity Data 83

Procurement Zen

JULY 29, 2021

you could do this by having them clarify all the tech details first what material is your product made off? can you provide a Bill of Materials and lead me through it?

Influencing 52

Influencing Bill of materials Negotiation Procurement 52

Spend Matters

OCTOBER 24, 2024

Spend Matters honors a vast array of procurement solution providers each year by selecting them for our ‘50 to Know,’ ‘50 to Watch,’ ‘Future 5’ and ‘Hall of Fame’ celebration lists. Discover everything you need to know about these accolades here, including who is on them.

e2e 91

e2e Data interpretation Buyers Data 91

ivalua

MARCH 29, 2019

Complex requirements can be quickly translated into bills of material, then suppliers can respond rapidly to requests and questions. Gursky talked about using the Ivalua platform to manage all the work between the firm and key suppliers.

Collaboration 100

Collaboration Suppliers Procurement Bill of materials 100

Spend Matters

OCTOBER 24, 2024

Spend Matters is delighted to announce the 2024 roster for our ‘Future 5’ list. For the sixth year in a row, our analysts have highlighted five start-ups that excited them the most. This year, the five companies that have proven themselves as potential future trend setters are BlueBean , COVALYZE, Halo Ai , ivoflow and True ValueHub.

Raw materials 81

Raw materials Category management Buyers Price 81

Spend Matters

OCTOBER 17, 2024

Spend Matters honors a vast array of procurement solution providers each year by selecting them for our ‘50 to Know,’ ‘50 to Watch,’ ‘Future 5’ and ‘Hall of Fame’ celebration lists. Discover everything you need to know about these accolades here, including who is on them.

Buyers 84

Buyers Real-time Visibility Sustainability Data 84

Spend Matters

OCTOBER 17, 2024

Spend Matters is delighted to announce the 2024 roster for our ‘Future 5’ list. For the sixth year in a row, our analysts have highlighted five start-ups that excited them the most. This year, the five companies that have proven themselves as potential future trend setters are BlueBean , Covalyze, HaloAi , Ivoflow and True ValueHub.

Category management 82

Category management Sourcing Data Bill of materials 82

Spend Matters

AUGUST 19, 2024

True ValueHub is a costing solution for direct materials that takes a very analytical approach to the process of identifying opportunities based on a material’s characteristics and suppliers’ capabilities.

Category management 102

Category management Buyers Influencing Sourcing 102

Supply Chain Game Changer

NOVEMBER 15, 2018

With dozens of facilities, dozens of customers, thousands of bills of material and tens of thousands of parts we had an environment which was prone to having part shortages. Managing thousands of bills of materials and parts for dozens of Customers all around the world was the basic business model.

Strategy 48

Strategy Bill of materials Supply Chain Efficiency Inventory 48

ivalua

MARCH 4, 2016

Software that is built for indirect spend will not function in critical areas such as breaking down bids and collaborating with suppliers at the bill of material level. That is very much like using a spoon to butter your bread—it may get the job done and it is still a utensil, but it will be far less efficient than a knife.

supply chain software solutions 100

supply chain software solutions Supply Chain Efficiency Supply chain Bill of materials 100

The Procuretech Podcast

JULY 8, 2020

16:03 How cognititve data can assist with New Product Introduction (NPI) through its analysis a Bill of Materials (BoM) to ensure that pricing can be optimised in real time in collaboration with both Engineering and Procurement.

Suppliers 40

Suppliers Bill of materials supply chain budgeting Negotiation 40

SCMDOJO

MARCH 19, 2024

Materials Planner Forecasts material needs based on production plans and sales forecasts. Creates and maintains bills of materials (BOMs) to specify components needed for each product. Communicate with suppliers to source materials, negotiate pricing, and ensure timely deliveries.

Supply Chain Optimization 98

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 98

ivalua

APRIL 11, 2019

Firstly, the Bill of Material (BOM) capability enables the user to look at different options, to drill down, and easily create new sourcing events or invite offers from suppliers, then integrate that back into the BOM. He spoke here about two areas of innovation in the Ivalua product related to collaboration.

Bill of materials 100

Bill of materials Raw materials Suppliers Procurement 100

IBM Supply Chain Blog

APRIL 4, 2024

A third-party investment review, where the ISV provides a bill of material showing what and how services are being used to meet compliance requirements, along with price points. A third-party risk management review, where the ISV needs to describe how it is complying to required controls.

Innovation 55

Innovation Bill of materials Risk management Risk 55

Arkestro

MAY 23, 2023

Read how we were able to significantly reduce the lead time on bill of material items for Power Design, Inc., Procurement professionals need to be aware of these struggles and work proactively to mitigate them throughout the procurement process. Arkestro’s solution can help your construction procurement processes improve.

Procurement 52

Procurement Agile and Lean Supply Chain supply chain budgeting supply chain software solutions 52

Supply Chain Game Changer

OCTOBER 1, 2019

This demand would be translated to bills of material and component requirements through manual or semi-automated means. In this context an Analog Supply Chain is one in which the tasks are performed in some physical, non-electronic fashion. Product information and parameters would be manually entered into reports and systems.

Supply Chain Optimization 82

Supply Chain Optimization Supply Chain Efficiency supply chain software solutions Supply chain 82

Spend Matters

JANUARY 10, 2024

In this Spend Matters Vendor Analysis, we provide an overview of Covalyze and its solution for cost analytics. Many category managers and buyers struggle with data transparency and aggregation.

Raw materials 94

Raw materials Category management Buyers Price 94

Spend Matters

OCTOBER 26, 2023

Spend Matters is delighted to announce the 2023 roster for our ‘ Future 5 ‘ list. For the fifth year in a row, our analysts have highlighted five start-ups that excite them the most. This year, the five companies that have proven themselves as potential future trend setters are akirolabs, Calculum, dSilo, Mithra and ORO Labs.

Category management 91

Category management Procurement team Collaboration Strategy 91

The Network Effect

AUGUST 25, 2014

When supply disruptions occur the brand owner, having outsourced its bill of materials to a Tier 1 supplier, lacks visibility into which companies in its upstream supply chain might have been impacted. “The supply network application of the ESG is thus somewhat similar to how Facebook and LinkedIn model their social networks.”

Supply chain 81

Supply chain Networking Bill of materials Supply 81

Supply Chain Action Blog

FEBRUARY 25, 2021

So, not only do planners have to ultimately determine what to move, make and buy for every item in the bill of material (or formula/recipe) at every location in every future time period in the planning horizon, they must do so in an environment with many unknown inputs. (At

Raw materials 52

Raw materials Inventory Supply Chain Optimization Bill of materials 52