OpenBOM Circa 2024: Mid-Year Check

Oleg Shilovitsky
Oleg Shilovitsky
19 June, 2024 | 5 min for reading
OpenBOM Circa 2024: Mid-Year Check

As we reach the midpoint of 2024, it’s a perfect time to reflect on the journey and growth of OpenBOM. From its humble beginnings as a tool for capturing data from CAD systems and managing BOMs, OpenBOM has evolved into a comprehensive SaaS platform, addressing a wide array of needs for engineering teams, manufacturing companies, and new product development groups within larger enterprises. 

Agile New Product Development

OpenBOM is a global collaborative SaaS data and process management platform for engineering teams, manufacturing companies, and new product development groups in larger enterprises. It streamlines product development processes, manages CAD files and BOMs, organizes inventory management, procurement workflows, and enhances collaboration across different locations and disciplines. 

What sets OpenBOM apart is its unique and simple “spreadsheet-like” user experience, seamless integration with multiple CAD and enterprise systems, flexible yet simple graph-based data management, integrated PDM+PLM+MRP functions, powerful analytics for impact analysis, cost and compliance management, and unique multi-tenant collaboration tools that accelerate product development and optimize supply chain management. OpenBOM instant registration allows you to start using OpenBOM within minutes after the registration. 

Here’s a closer look at whom OpenBOM serves, the problems it solves, and the solutions it provides.

Whom OpenBOM Serves?

OpenBOM caters to three main groups of customers, each with unique requirements and challenges:

  1. Engineering Teams: These teams rely on OpenBOM to streamline their product development processes, manage design data (CAD and other files), comprehensive product information, Bill of Materials (BOMs), cost assessment, and ensure seamless collaboration across different locations and disciplines.
  2. Manufacturing Companies: OpenBOM helps these companies organize their product data management, calculate cost and other analysis, support product lifecycle and optimize procurement workflows for multiple suppliers, manage inventories, and ensure that all necessary components are available when needed, thereby reducing downtime and increasing efficiency.
  3. New Product Development (NPD) Groups in Larger Enterprises: These groups use OpenBOM to manage complex product development projects, from initial concept to final production, ensuring that all stakeholders have access to up-to-date information and can collaborate effectively. OpenBOM can be used when enterprise PLM and ERP tools are not flexible and agile enough. OpenBOM agile NPD helps to accelerate product development by connecting design, BOM, procurement, and assembly. The unique collaboration tools help the NPD team prototype new products faster. 

What Problems OpenBOM Solves for Our Customers

OpenBOM addresses several critical challenges faced by its customers:

  • Organizing and Managing Product Information: OpenBOM provides a centralized platform for storing and managing all product-related data (CAD files, BOM, changes, and all connected info), ensuring that information is accurate, up-to-date, and easily accessible.
  • Facilitating Change Management and Collaboration: By enabling engineers and manufacturing teams to share information seamlessly, OpenBOM manages formal change processes, enhances collaboration, and reduces the risk of errors and miscommunication.
  • Streamlining Product Development Processes, RFQ, Purchasing and Inventory Management: OpenBOM helps teams automate and optimize their workflows, from initial design to final production, reducing time-to-market and improving overall efficiency.

What Solutions OpenBOM Provides

OpenBOM offers a suite of solutions tailored to meet the diverse needs of its customers:

  1. CAD File Management and PDM: OpenBOM integrates with multiple CAD systems, allowing users to manage CAD files and associated metadata efficiently. This integration ensures that all design data is synchronized and easily accessible.
  2. Capturing Engineering Information and Managing BOMs and Change Processes: OpenBOM simplifies the process of capturing engineering information, creating and managing BOMs, automatic generation of derivative files (STEP, PDF, DXF, STL, etc) and handling change requests, ensuring that all stakeholders are kept informed of the latest updates.
  3. Product Analytics, Cost Management, Compliance, and Regulation: OpenBOM provides powerful analytics tools that help users track product costs, perform change impact analysis, ensure compliance with industry regulations, and make informed decisions based on real-time data.
  4. Managing Inventories, RFQ, Supply Chain, and Procurement Planning: OpenBOM’s inventory management and procurement planning features help manufacturing companies optimize their supply chains, manage RFQs, and ensure that all necessary components are available when needed.
  5. Integration with Multiple Engineering and Enterprise Systems: OpenBOM integrates seamlessly with a wide range of engineering and enterprise systems, including PDM, PLM, ERP, and others, providing a unified platform for managing all aspects of product development and manufacturing.

How can you start using OpenBOM today? 

OpenBOM instant registration process allows you to create an account for your company, add users, install integrations for your favorite MCAD and ECAD tools, import data from a spreadsheet, and start the digital transformation of your product development process step by step from old and inefficient Excel-based process to digital, online and AI-driven. 

OpenBOM earned Top 50 CAD & PLM software award based on the reviews in G2 taking #15. 

Learn how other companies did it by reading OpenBOM customer stories and 500+ reviews on G2.  

Watch a 90-second video of John Ellerbrock, President of Gates Underwater where he speaks how OpenBOM breaks his concerns about using SaaS tools and transforming the way Gates develops their products. 

Conclusion

OpenBOM helps your organization to build products faster with accurate data and agile processes. 

From a simple tool designed to capture data from CAD systems and manage BOMs, OpenBOM has grown into a robust platform capable of addressing the diverse needs of engineering teams, manufacturing companies, and new product development groups across various industry verticals and sizes. As we look forward to the future, OpenBOM remains committed to helping its customers streamline their product development processes, enhance collaboration, and achieve greater efficiency. Check out OpenBOM today and discover how it can transform your product development and manufacturing workflows.

REGISTER FOR FREE and start a 14-day trial to experiment and learn more. 

Best, Oleg

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