How Efficient is Your Parts Management?
Summary
This encyclopedia of outsourcing commonly known as the “Big Green Books”, each about 3 inches thick, contained specifications and product information from thousands of manufacturers, interspersed among adds. Take the example of an engineer at a major industrial fluid controls company who was recently designing a new hydraulic pump and selected a two bolt SAE AA ISO 50-2 mounting flange as a component. Component manufacturers and OEMs are forced to meet increasing demands to digitize every aspect of their company, eliminate siloed information and ensure synergy of integrated platforms. Smart catalog technology allows manufacturers of standard and purchased parts to extend their digital product information to include critical metadata such as kinematics, end-of-life, and customs tariff numbers. Digital communication between procurement, design engineers, suppliers, and finally the shop floor can be a catalyst for expanding a company’s reach across the supply chain.
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