Over the past three decades companies have made remarkable gains in manufacturing productivity and efficiency. At the same time, some companies have struggled to duplicate their manufacturing productivity gains during product development. Consider that a typical engineer’s day conservatively includes at least 30- 40 percent of non-value added time when his or her expertise is not applied towards innovation. Yet, we see every year that successful companies are shortening the amount of time to development and launch a product.
In today’s world, due to market globalization and technological acceleration, industrial companies are required to cut costs and reduce product design time. In recent years, they acquired parametric CAD, PDM and, sometimes, PLM* software to reach their acceleration goals. Progress has been made, but must go much, much further. One of the keys to reaching these goals is to encourage the reuse of components and processes that already exist in the company.
The pace of change in fundamental technologies from microelectronics to networking and software demands an increasingly integrated and powerful product development and lifecycle management process. Most large high-tech manufacturers see a tight connection between their ability to innovate and their competitiveness.
Parts management helps program managers achieve their objectives for improving logistics support, enhancing supportability, and managing obsolescence. Parts management saves money, enhances logistics readiness and interoperability, increases system reliability and safety, and reduces acquisition lead-time.