This is a holistic approach to classify company assets, identify master parts for reuse, and ensure Engineering selects the preferred part, while monitoring over time the execution of company policy. Establishing a common nomenclature for data is near impossible with disparate databases and systems, however a system federation approach will eliminate those challenges and create a common nomenclature for easy product data search, reuse and more. Even more, Sourcing and Procurement will leverage this data to optimize ordering by grouping orders or selecting the right price of technically viable alternative solutions.
System Federation enables:
- Ease standardization
- Enforce reuse
- Ease and optimize sourcing