Addressing the industry pain points
Consolidation after an M&A event:
- Addressing duplicate parts in service parts population
- Parts duplication arising out of new product offerings
- Duplicate parts arising from purchase of OEM products and re-branding without validating existing part libraries
Inventory management:
- Overstocked depots
- Engineers, buyers, warehouse operations and quality staff spending unnecessary time on the maintenance of the excess parts
- Locked-up capital owing to excess inventory
Differential part pricing across the supply chain:
- The same part existing under different part numbers and price points leading to confused dealer choices
- The suppliers taking advantage of the confusion and supply the same part under different part numbers to the OEM, usually at different price points at different locations
A platform-based approach for parts management
| Solution | Change management | Parts consolidation | Service kits management | Parts catalog | Pricing management | Production Part Approval Process (PPAP) | eCommerce |
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Service stack |
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Application stack
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Change management tool | Parts consolidation tool | Service kits tool | Parts catalogue | BOM/Harness costing | PPAP tool | e-commerce tools |
Service Offerings
Design
- Re-manufacturing support and publications
- Reverse engineering for resourcing
- Service parts design support
- Standard parts design kits validation — kit tool
Change management & release support
- Engineering change updates on service parts
- Release activity in PDM based on engineering changes
- Parts database maintenance
Purchasing
- Should costing support for supplier selection for new parts and supplier negotiation for existing parts - RFQs
- Prototype parts procurement
- Sourcing and supplier management
- ISIR processing for vendor parts - quality module
Sales and after sales
- Parts catalogue management
- Parts description standardization
- Sale order processing
- Warranty claims processing
- Service quote generation
Cost savings
- Parts rationalization
- ABC analysis
- Inventory management
- Smart pricing
- De-complexity
- Value stream mapping
Do you know?
- Our software - costCompare for wire harness costing is used by global OEMs. costCompare significantly reduces the time taken to cost harness and generate reports based on material, machining and labor costs instantly.
- We have mined 100,000+ parts that were distributed across 75+ commodities using an exclusive tool to group parts with similar attributes and aid rationalization. With the combination of tool and service we eliminated 10,000+ duplicate parts from the inventory (Soft and hard savings)
- For a global OEM, we have performed pricing analysis for 200,000+ parts across 120+ commodities in a short span of 18 months.