Component Supplier Management

Optimize global sourcing through effective component selection

In building global sourcing ecosystems to address pressure on operating margins and support “Design Anywhere, Manufacture Anywhere” strategies, High Tech innovators frequently encounter increased supply chain complexity, higher compliance risks, and a costly proliferation of components and suppliers.

The Component Supplier Management solution places global High Tech innovators back in the driver’s seat. It enables component selection strategies that maximize agility while minimizing component supply costs and complexity. It supports global standards and processes to ensure selection strategies are executed consistently, component re-use is maximized, and the right time/quality/price balance is adopted to achieve optimal economies of scale.

LG Innotek adopted ENOVIA to properly manage large numbers of electronic parts in part because it is user-friendly and easy to implement.

Yu Hwan Assistant Manager, Process Innovation (PI) Group, LG Innotek

Key Benefits:

  • Reduce complexity by streamlining and standardizing the component selection process
  • Minimize inventory costs by identifying duplicate components
  • Manage quality and compliance risks with greater visibility and established lists of preferred parts and suppliers
  • Boost efficiency through faster selection processes and greater re-use
  • Cut time-to-market by preventing needless component and supplier additions during new product introduction