How Important is Efficient Parts Sourcing and Standardization?
In the race to launch high-quality products, manufacturers know that one wrong or unavailable part can lead to costly delays. When parts supply disruptions occur, businesses must respond quickly to either identify alternate suppliers or retool their factories.
Efficient parts sourcing and standardization is critical for manufacturers that want to improve product design efficiency, quality and profitability. Optimized parts sourcing and standardization also increases supply chain resilience, helping manufacturers thrive amidst global disruptions such as political tensions, pandemics and volatile market demand. But to achieve that, manufacturers need to implement the right solutions to gain new insights and make smarter decisions faster.
Watch How Smart Parts Sourcing Drives Savings
Artificial Intelligence Improves Product Design
The answer to efficient product parts management lies in NETVIBES Sourcing & Standardization Intelligence solutions. Available on the 3DEXPERIENCE® platform, these solutions allow manufacturers to automate parts classification and increase collaboration between procurement and engineering for more informed decision-making.
One of the game-changing solutions is PartSupply on the 3DEXPERIENCE Marketplace. It enables manufacturers to add to in-house parts by accessing a comprehensive 3D catalog of qualified components from over 1,000 service providers. Once downloaded, 3D parts can be virtually tested to ensure compliance before placing an order.
Providing swift AI-driven data insights, NETVIBES Sourcing & Standardization Intelligence solutions on the 3DEXPERIENCE platform help manufacturers make smarter parts sourcing decisions. As a result, they can increase efficiency while reducing risks, lowering costs and ultimately driving successful product design results.