Manufacturers will scramble to fill supply chain gaps created by product engineering changes and ECN cut-ins, AVL discrepancies from component manufacturer spec changes and, poor planning management of product lifecycles (PLM) and end-of-life (EOL) for their electro-mechanical programs.
One of the biggest contributors adding more expenses of more time and hard costs to otherwise ‘planned costs’ for many electronics product programs is working with outdated or incorrect information and the additional effort (time) and more money to fill these gaps.
One vendor providing services to the product change notice (PCN) landscape is IHS Markit. From the their website, “Companies typically have incomplete information on the components they use including partial part numbers and older manufacturer names.” I contacted IHS when writing this article but the company did not respond.
Meanwhile, messages and alerts sent to manufacturing supply chain functional teams after a component event can often be incomplete or inaccurate. And not prioritizing urgent information, getting notices late or, not notifying the right persons – can compound supply chain ‘events’ and make identifying and solving matters even worse.
Being able to properly route actionable, accurate product BOM and component information for timeliness and decision-making allows supply chain professionals to make more informed decisions and IHS PCN and other PCN service offerings in the market are doing this.
Adding to services capabilities already available to manufacturers in the market seeking more control over their PCN supply chain needs is having access to an integrated platform that continuously updates (and prioritizes) changes to your electronics and electro-mechanical products, flags potential risks and disruptions to your manufacturing programs and, offers manufacturers deeper (and earlier) inventory insights to help manufacturers capture more revenue recognition, stop expensive production shutdowns and, avoid costly inventory and materials write-downs and thereby having to possibly release embarrassing manufacturing financial restatements.
Dashboards summarizing information about your supply chain is valuable. Access to supply chain changes and potential risks and disruptions, in real-time, before these challenges unfold can be priceless.
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