Summary: A bill of materials (BOM) is an absolutely critical document at all stages in the product development lifecycle — from procurement and manufacturing, to logistics and inventory management, to sales and after sales services. A bill of materials (BOM) is a centralized source of information that lists all assemblies, sub-assemblies, parts, and raw materials needed to produce one unit of a [...]
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Summary: Traditional PLM was made up of data silos and outdated information that led to costly production errors. But with the incorporation of the cloud and other digital technologies to this, companies are able to meet their manufacturing goals, from budget to deadline. Did you know that in 2016 alone, the PLM software niche was valued at $18.80 billion? This is [...]