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3D modeling has changed the way we design, for the better. Not only does 3D modeling help [...]

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By Girish Juneja | Jun 18, 2024

Boost Your Margins: How OEMs Can Dominate the Aftermarket Parts Market

Why Aftermarket Parts Are Key During Economic Uncertainty In uncertain economic times, the aftermarket parts business has emerged as a critical focus for manufacturers of assembled durable goods. The sector offers a significant opportunity for higher margins, often double those of original assembled products. However, capitalizing on this opportunity requires a thorough understanding of several key functional capabilities. From analyzing the total available market for OEM aftermarket parts to ensuring on-time delivery, mastering these areas is essential for driving aftermarket-led margin and revenue growth. Strategic imperatives for succeeding in the aftermarket parts business

By Girish Juneja | Apr 2, 2024

Managing BOMs in Discrete Manufacturing is a Complex Endeavor that Requires a Digital Thread

What are the different types of BOMs? Successful digital transformation projects are pivotal to your success. One of the most important parts is creating a digital thread through all of your Bill of Materials (BOM) processes to ensure you can engineer, build, and service products throughout their lifecycle. A widely accepted practice in discrete manufacturing is to use a BOM to detail all necessary components and instructions to manufacture products to specification. The BOM lists the parts, raw materials, and subassemblies needed to manufacture high-quality products. eBOM (Engineering

By Girish Juneja | Jan 9, 2024

The Secret Weapon You’re Missing in Asset Management: Unlocking Uptime with AI-Powered Spare Parts Search

Asset management involves managing the maintenance of an organization's physical assets throughout each lifecycle and helps get maximum value out of the operations of those assets. An asset management solution is required to address the construction, commissioning, operations, maintenance, and decommissioning or replacement of parts, equipment, and facilities. An effective spare parts search solution helps to ensure assets are managed efficiently. Asset management systems help keep an asset in operation by identifying which asset needs scheduled maintenance or repair. However, in operations with a large number of different assets under management,

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