VIDEO: Inventory and Order Management Review

Oleg Shilovitsky
Oleg Shilovitsky
28 September, 2022 | 2 min for reading
VIDEO: Inventory and Order Management Review

A typical product development and manufacturing process includes moving from the initial design through the planning stages and finally building a product and shipping it to the customer. All steps in this process are intertwined. The demand of manufacturing companies is to have this process connected, seamless, and organized. It requires connecting three groups of domain information – design, engineering, production planning. 

Why PLM + ERP? 

While a typical PLM system doesn’t do anything with production planning, inventory control, RFQs, and POs, we think differently. At OpenBOM we help manufacturing companies build a fast and agile process by taking a design into planning, managing inventories, and organizing the ordering process. By connecting all data pieces together into a virtual production process, OpenBOM organizes a digital thread of information linking – CAD design, engineering BOM, vendors, inventories, order planning, and finally purchasing. 

A combination of PLM and ERP functions provides set of great benefits to customers. For small and growing manufacturing companies, startups, and many prototyping groups and engineering services, OpenBOM provides an easy way to organize the end-to-end process. No need to get both PLM and ERP systems. You’ve got everything in the single place. Especially for companies working with customer engineering projects building custom designs, configurable products, and services, OpenBOM provides a full service in helping these companies to run their business using OpenBOM. For large companies, OpenBOM inventory and order planning is the way to organize a fast NPI process and bring agile product development methods. 

Production Planning and Inventory Control Scope

OpenBOM helps you to organize fundamental elements of the information you need to manage a product development and manufacturing process – item control, quantity on hand, bill of materials, automatic creation of Order (planning BOM) from EBOM, and, later, managing of orders, PO/ RFQs and closing the loop with receive PO function and release to production activities. As you can see in the following video it gives you a fully connected service. 

Conclusion

OpenBOM uniquely combines both PLM and ERP services, helping engineering teams and manufacturing companies to organize a seamless process, which starts from the initial product design, moving to the management of inventory level, planning production BOMs and ordering components while managing multiple vendors. 

If you’re a small, but fast-growing company in manufacturing, you can hugely benefit from OpenBOM combined (PLM+ ERP) service helping not only to manage engineering information and change management but also taking typically ERP functions, scaling it down to appropriate size and connecting its engineering and product development. 

OpenBOM service is affordable to small businesses trying to avoid a typical “ERP burden” and provides a unique value proposition for large companies looking to organize a lean and agile NPD process. 

REGISTER FOR FREE and start your 14-day trial to see how OpenBOM can help you today. 

Best, Oleg 

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