• +1 407-906-9790
  • info@convergencedata.com
convergence-data-logo
  • Our Solutions
    • Data Services
    • Competitive Intelligence / Smart Teardown
    • Design for Retrieval
    • PLM
    • Image Services
  • Who We Serve
    • Industries
    • Marketing
    • Engineering
    • Ecommerce
  • About
    • Partners
  • Resources
    • Blog
    • Resource Center
    • Classification Community
    • DFR University
    Contact Us
    Contact Us
    con_logo

    What can we help you with?

    Follow Us

    Parts Management Assessment: How Do Your Parts Measure Up?

    Convergence Data Team
    Dec 14, 2022
    Classification, PLM, Duplicate Parts, Part Cleansing, Benchmarking, Part Preparation, Analytics, Spend Analysis, Spend Rationalization, Direct Materials, Duplicate Analysis, Searching, Taxonomy, Parts Classification, Data Classification, Standard Parts, Workflows, Findability

    Parts Management Assessment: How Do Your Parts Measure Up?

    It's all about the parts!

    Has your team examined your parts library recently? How does it measure up? Many organizations forge ahead with PLM programs or try to revitalize a previous initiative without focusing on the most crucial element - the parts! ⚙️


     

    If it's been a while since you last reviewed the state of your parts data (or have never attempted that exercise), it's never a bad time to get started! In our experience, beginning the journey with an initial small step can be enough to get the Engineering organization motivated and mobilized to drive improvements in how parts are managed. To get started, take our free parts management assessment!

     

    Many customers share their stories with us. Here are just a few examples of the pain points that customers discuss:

    • 🔎Findability: No one can find the parts - they're all landlocked in our legacy system and the data is horrible!

    • ✖️Duplicates: Our engineers put five different motors into the same build, when we only needed one!

    • 💽Classification Structure: Our team just throws parts and designs into a central storage drive, but it's not structured at all. It's just a repository.

    • ⛔Centralized Parts Data: All of our parts data is stuck in multiple spreadsheets that are managed across different teams. Updates are made manually and in an ad hoc fashion. 

    • ⛓️Workflows & Governance: We really don't have a process in place. Most of the time, our Engineering team creates parts whenever they need them, but no one reviews or approves them.

    • 💲Commercial Data: We source our parts from multiple suppliers and don't track how much each charges.

    • 💰 Historical Analytics: We don't have a way to report on what our organization spent on its parts year over year.

    Sound familiar? The list of stories goes on from there!

     

    If your team struggles with one or more of these areas, complete the free parts management assessment. We would be happy to review your landscape and discuss your team's challenges, program goals, and ideas! 💬 

      Posts by Tag

      • Classification (46)
      • Convergence Data (26)
      • Cleansing Data (23)
      • Governance (16)
      • PLM (14)
      • Data Cleansing (13)
      • Duplicate Parts (13)
      • Teamcenter (12)
      • Cost Savings (11)
      • Ecommerce (11)
      • Part Cleansing (11)
      • PIM (10)
      • Product Analytics (10)
      • Cost Reduction (8)
      • Part cost (8)
      • DFR (7)
      • Part Standardization (7)
      • Benchmarking (6)
      • Duplicate Analysis (6)
      • Manufacturer Parts (6)
      • Parts Classification (6)
      • classification structure (6)
      • Part Rationalization (5)
      • Spend Rationalization (5)
      • Taxonomy (5)
      • categories (5)
      • Data Classification (4)
      • Part Preparation (4)
      • Searching (4)
      • Spend Analysis (4)
      • Analytics (3)
      • Clusters (3)
      • DFRv10 (3)
      • Direct Materials (3)
      • Engineering (3)
      • PTC (3)
      • Value Engineering (3)
      • Workflows (3)
      • data normalization (3)
      • 2019 Blogs (2)
      • B2B (2)
      • Customer Experience (2)
      • Enrichment Lifecycles (2)
      • Findability (2)
      • Integration (2)
      • Kalypso (2)
      • Loading Data (2)
      • PLM World (2)
      • Product Data (2)
      • Standard Parts (2)
      • reclassify (2)
      • smartclass (2)
      • supplier pricing (2)
      • 2016 Top Blogs (1)
      • 2021 blogs (1)
      • Aftermarket Parts (1)
      • B2C (1)
      • Category Editing (1)
      • DFR PLM Integration (1)
      • DFR University (1)
      • Electrical Parts (1)
      • Electronic Parts (1)
      • HVAC (1)
      • IoT (Internet of Things) (1)
      • Mechanical Parts (1)
      • National Oilwell Varco (1)
      • PTC LiveWorx (1)
      • PTC Windchill (1)
      • Part Reclassification (1)
      • Pricing Data (1)
      • Procurement (1)
      • Product Structures (1)
      • Relationship data (1)
      • Repair Parts (1)
      • Sales Conversions (1)
      • Siemens (1)
      • Supplier Management (1)
      • Supplier Rationalization (1)
      • WBR Research (1)
      • allowed values list (1)
      • cx (1)
      • outsourcing (1)
      • prune (1)
      • units of measure (1)
      See all

      Recent Posts

      Stay in the know!

      con_logo
      Convergence Data's proprietary software and time-tested processes eliminate the clutter in your data—so you can use it to make sound business decisions.
      Our Solutions
      • Data Services
      • Competitive Intelligence
      • DFR
      • Image Services
      Who We Serve
      • Industries
      • Marketing
      • Engineering
      about
      • About Us
      • Partners
      Resources
      • Blog
      • Resource Center
      • Classification Community

      © 2023 , Convergence Data All Rights Reserved.