BOM Compare (formerly known as New Product Introduction) allows a program manager to create and configure new programs. The program can have parameters set, checkpoints / stages (gates) set, and users can have permissions granted to them to interact with the program. These features allow the program manager to seamlessly setup their program and how they want other users to interact with it.
Note: Program creation can only be completed by a user who has been identified by their organization as a "designated" program manager.
Once you are inside the BOM Compare, click on the new program button on the top right.
Here you can configure your program and the related parameters of the Bill of Materials (BOM) can be analyzed from various perspectives.
Configure New Program Details
- Program Name
- Revision ID Prefix
- Program ID
- Expected Roll Out Date
- Product Family or Group Name
- Manufacturing Partner - Contract Manufacturer (CM) / Original Design Manufacturer (ODM) / Joint Development Manufacturer (JDM)
- Reference Cost Quarter
- Business Unit
- Product Target Cost
- Product Forecast
- Part Maturity Level Definition
Important Note: "Reference Cost Quarter" is now within program Configuration, which allows the user to select Quarter and Fiscal Year (FY) from a dropdown. This dropdown would be different at each Program Level. The default value of each dropdown would be the current quarter.
For example, if the user's FY is currently in Q4 2021, the default should be 'Q4' in the Quarter dropdown and 2021 in the Fiscal Year dropdown. Users may want to pull cost information from Q2 2022 to be able to change it in Program Configuration (at the time of Program Creation).
If a cost is not available for the selected quarter while attempting to auto-fill, then no cost information will be pulled.
Configuration Checkpoint Tab
Checkpoints act as milestones in the New Product Introduction process.
Configuration Stage Tab
Stages are both a phase and gate activity. Before exiting any stage, there is a review/approval process.
Configuration User Management
This is where the admin configures access management for other users who interact with the program.
Configure Risk Parameters
Parameters include End of Life (EOL), Multi-Source, Timeline risks, BOM risks, etc.
Timeline risks include Checkpoints, Stages, and Maturity
BOM risks include Multi-Source, EOL, Supplier Financial Risk, and Preferred Supplier List (PSL) / Approved Vendor List (AVL)
Summary of Benefits
BOM Compare helps our customers better analyze their parts and programs in the following ways:
- Easy and efficient access to data as a single source of truth that provides visibility across the product introduction life cycle instead of using multiple systems or spreadsheets.
- Analytics to help develop a negotiation strategy to drive cost savings early in product life.
- Risk mitigation in the early stages of product life.
- Identify and structure a better approach for addressing active challenges in a new product.