Undoubtedly, Bills of Materials (BOMs) are the lifeblood of manufacturing organizations. They represent core product information that constitutes the backbone of Product Development and Manufacturing, as well as finance, procurement, mar...
Broadly speaking, Computer Assisted Engineering (CAE) is the process of solving engineering problems through the use of sophisticated, interactive graphical software. It includes the series of disciplines which aim at digitally testing a...
It is obvious and common knowledge that (with reason): The client is King… i.e. the client is always right (aka never wrong). In business to business relationships, successful client relationships are typically based on mutual value shar...
The concept of “Lean” is not new and has different meanings: “do more with less”, “process optimization”, “resource efficiency”, “productivity improvement”, “increased throughput”, “just in time”, “waste elimination”, “Kanban”, “seiri, s...
Discounted Cash Flow (DCF) analysis is a method of valuing a project, company, or asset using the concepts of the time value of money. Each cash inflow/outflow is discounted back to its present value (PV). Then they are summed to calcula...
Nowadays everything is getting connected with ‘smart‘ products and devices transmitting and sharing useful information. In the manufacturing industry, data become more and more available with embedded software and sensors for analysis, o...
