Designers and engineers regularly make critical decisions that can introduce significant costs into your company. Engineers are designing more and more new parts every day. Why don’t they just find and reuse similar or equivalent parts that already exist inside your company’s legacy data assets? Because searching for parts and related information is very time-consuming and potentially error-prone today.
Without an ultra-efficient tool to rapidly find and compare similar parts hidden inside data sources and silos scattered throughout the company, design engineers simply choose to recreate the part rather than spend unproductive time searching. Although they may not realize it, creating new parts impacts the bottom line. Substantial time and costs are incurred if you need to acquire or produce new parts, leading to more production procedures, quality controls, and inventory into stock.
EXALEAD OnePart is a packaged business discovery application that accelerates reuse of parts, designs, specifications, standards, test results and related data for engineering, manufacturing, and procurement activities. Leveraging the proven Web semantics, analytics, and Big Data management technologies of EXALEAD CloudView, OnePart locates information from multiple sources and makes it available instantly.
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Features How does EXALEAD OnePart work? Learn more
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With the annual carrying cost of between $4,500 and $23,000 per item for the introduction of a new part number, duplicate part proliferation is an area of known cost exposure.