Is Your Product Lifecycle and BOM Strategy Ready for the Digital Revolution?

Smart manufacturing and the Internet of Things (IoT) are here. But is your product lifecycle and bill of materials (BOM) strategy ready for the digital revolution?

Your products are more complex than ever before and information once limited to drawings and models is now more intricate and spread across multiple systems, locations and teams.
As companies move to digital processes, relying on spreadsheets to manage business critical information can be costly, time-consuming and wasteful, putting your business at a competitive disadvantage. The transformation of your product lifecycle is imperative and this begins with an effective BOM strategy. But how do you get started? Where do you prioritize? What is your first step in the journey to realizing value?

Listen to Roger Thyrell, Manager for PLM Solutions at PTC to better understand the issues at hand before your organization takes its first steps towards the development of BOM digital reengineering.

In this webinar you will learn more about:

  • Bill of Materials (BOM) structure and reporting
  • Parts classification and reuse
  • The benefits of change management
  • The impact on component and supplier management
  • Improvements in value chain data sharing and collaboration