|
Component management encompasses the range of changes that affect components such as technical or performance improvements, parametric, physical modifications, or chemical composition modifications as well as changes in supply and availability terms. These changes often have a direct impact on your product metrics such as time to market, inventory turns, excess and obsolete inventory and direct material costs, to name a few.
Effective component management is a discipline that synthesizes relevant information, software applications and practices to provide an overall approach for improving product development and business performance.
|