Component engineering ensures that the necessary components required to manufacture a product are available.
Many companies rely on externally sourced components to complete their product development process. Managing the lifecycle of those components can become challenging. Leveraging PLM to manage the selection, sourcing, compliance and approval processes to support Component Engineering increases engineering efficiency and productivity.
Providing access to complete component data such as technical, compliance and obsolescence information saves time by supporting component reuse, controls costs, eliminates redundancy and reduces risk by allowing a company to plan ahead for component obsolescence.
