BOM Compare (formerly known as New Product Introduction) has a Cost Profile Widget to allow for quick review of BOM information. Once a BOM is ingested, open your preferred program, and expand the Cost Profile Widget on the Summary Tab.
Note: If there is not BOM attached to the program yet, there will be no available analytics.
In the summary, you can see counts with cost and part related information. You can see which parts truly drive the BOM, and most importantly which parts have the opportunities that lie within the BOM.
Within seconds the user can diagnose a BOM for missing pieces of information, understand the costs involved, and determine the opportunities to drive those costs down. This should proactively drive users to a clean BOM that can be shared across their organization.
The cost of building a product includes the cost of direct material and transformation cost. Transformation is also known as Value Added Manufacturing costs (VAM) or Manufacturing Value Add (MVA).
Customers have the ability to track transformation cost along with BOM cost in one central location and understand its impact on the overall product cost for new programs. The application comes configured out of the box with standard transformation cost categories which can be tailored as per customer specific needs.
- Import/Update Transformation Cost from Spreadsheet: Users can specify the cost for each category at the product level and upload to view along with the BOM revision.
- See Transformation Cost Breakdown Summary: User can get insight into breakdown by category to get actionable insight.
- BOM roll-up cost includes the Transformation Cost.
The platform displays what parts are Unique and not in mass production. These parts can be exported to Excel Workbook or added to the Parts Catalog.
Scrolling left to right in the BOM Details view gives you a full view of all part-related data including the opportunity types we have identified for you. You have the option to download an Excel file, or you can expand the section to full page view as well.
You will see a pie chart indicating the largest opportunities. You can modify the drivers by opportunity or cost - and this will modify the pie chart as well.
The View can be modified. In opportunity drivers, SUPPLIER, MANUFACTURER, CPN AND SUB-ASSEMBLY are offered. In Cost drivers, CPN and MPN are offered.
Then finally you have the same BOM details view as we offered on the summary tab.