Transcript Parts Optimization

Parts Optimization Solutions
Supporting your engineering, sourcing,
make, and maintenance processes
© IHS 2003
www.ihs.com
Corporate Challenges
Lesson One
Killer software applications can't
compensate for bad data
Terminology variances
Incomplete
data
Obsolete parts
Legacy
databases
Legacy databases
Inaccurate data
Duplicate data Duplicate data
Multiple databases
Legacy
databases
InaccurateTerminology
data
variances
Multiple
databases
Terminology variances
Incomplete data
Obsolete parts
Company acquisitions
Incomplete data
Multiple databases
Inaccurate data
Obsolete parts
© IHS 2003
www.ihs.com
Key Issue
If you cannot find a part in your
internal system….
• You cannot use it
• There is a high cost to new part introduction
© IHS 2003
www.ihs.com
Cost to Introduce a New Part
Breakdown of Costs:
Costs for adding a new part into inventory
Source: “Reduced Program Costs Through Parts Management”, by The Parts Standardization
and Management Committee
© IHS 2003
www.ihs.com
Parts Optimization
•
•
•
•
•
•
•
Achieves maximum part reuse
Reduces new part introductions
Ensures data accessibility
Reduces sourcing costs and inventory
Reduces global procurement costs
Increases productivity
Reduces mistakes resulting from enterprise-wide
access to, and control of, data
Once your data is optimized, you can leverage
your technology and human capital
investments to perform as they were intended.
© IHS 2003
www.ihs.com
Parts Optimization
Makes your parts data:
•
•
•
•
•
•
Accurate
Consolidated
Complete
Controlled
Standardized
Quickly accessible throughout your enterprise
© IHS 2003
www.ihs.com
Cost Savings
With a simple extract of your data, hard cost
savings can be achieved through:
• Standardizing terminology,
• Identification and removal of duplicates,
• Identification of equivalencies driving the
use of preferred parts & vendors
• Augmentation of technical characteristics
for parametric searching
• Consolidation of multiple databases
• Corporate buys for better vendor pricing
and delivery
© IHS 2003
www.ihs.com
Cost Savings
For just 100,000 parts
Percentage of Duplication………………..5%
Carrying cost ……………………….$500/part
By eliminating part duplication
Savings……………………$2,500,000 /year
© IHS 2003
www.ihs.com
About IHS
IHS has a long history and is a world leader in
providing critical parts and information solutions
Background



Over 40 years of experience
Over 3,000 employees worldwide
Over $450 million in revenue
Serving




33% of Fortune 500
52% of Top DoD contractors
25% of Global 1000 companies
Over 15,000 customers in more than 97 countries
Technology
 24x7 redundant hosting center
 Over 20 million electronic pages of technical information
 $5.0 million investment in R&D each year
© IHS 2003
www.ihs.com
IHS Source Data
20 million parts
400,000 product catalogs
• Categories
• Electrical
• Electronics
(Semiconductors, Passives,Connectors, Electromechanical, Mil-Spec
Cylindrical Connectors + 3.5M datasheets)
• Mechanical
• Optical
• Components & Assemblies
• Active and Historical
• Commercial and Government
© IHS 2003
www.ihs.com
IHS Source Data
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Manufacturer part numbers
Standardized product descriptions
Technical attributes and values
Supplier data
Historical name cross referencing from 1970 forward
Technical catalog pages
Data sheets
Procurement histories
NSNs
UNSPSC codes
API PIDX standard classification
SIC/NAICS codes
Industry standards (U.S., International, National)
Corporate standards
Material specifications
Classification structure
© IHS 2003
www.ihs.com
Supporting Industries Worldwide
Government

Transportation
Navy, Army, Air Force
 DLA
 Federal Agencies
 State and Local
Governments
Boeing
United Technologies
 General Motors
 BAE


Engineering Services
Electronic/Electrical

Utilities
Petro-Chem
ExxonMobil
ChevronTexaco
 Shell
 DuPont



Bechtel
 Stone & Webster
Kellogg, Brown & Root
 Black & Veatch

Intel Corporation
 Lucent Technologies
 Harris Corporation


© IHS 2003
American Electric Power
Tennessee Valley Authority
 Arizona Public Service
 Florida Power & Light
www.ihs.com
Parts Optimization Services
• Data Classification
Organizing components into
a classification structure
standardizes terminology
and defines characteristics
for consistent, in-depth
access to parts.
© IHS 2003
www.ihs.com
Parts Optimization Services
• Data Repair
Data Repair standardizes terms and strips
inaccuracies from your databases.
• Erroneous data and discrepancies are examined,
corrected or flagged.
• Data consolidation then restores order to databases
and ensures the consistency and uniformity of parts
information.
• Duplicate data is flagged for removal.
–
–
–
–
–
BLT
BT
BOL
BT
B
- B0LTT
- B0L
- BBLT
=
bolt
-BOOLT
© IHS 2003
www.ihs.com
Parts Optimization Services
• Data Enhancement
Parts data contains a wide range of information,
such as technical characteristics, standard
commodity codes, obsolescence predictions, design
alternatives, and other potential supply sources.
• Data Enhancement expands and fills-in the parameters of
your databases
© IHS 2003
www.ihs.com
Parts Optimization Services
• Data Maintenance
Component parts information is constantly
changing. Data Maintenance helps to ensure
the long-term validity of your product data.
Regular maintenance assures your product data
continues to provide accurate, useable
information.
• Data changes, additions, deletions or
enhancements are integrated into your databases.
• Historical references are tracked and managed
© IHS 2003
www.ihs.com
American Electric Power
• Problem
•
•
•
•
•
History of allowing anyone to
enter information into the parts
database
Mergers resulted in multiple
parts databases
Incorrect information entered
Parts technical characteristics
missing values
Parts duplication
• Solution
•
•
AEP data was “cleaned”
against IHS data: descriptions
standardized; part number
inconsistencies corrected
AEP data was “augmented” by
filling in missing technical
characteristics from IHS data
Clean and complete parts information can then be
loaded into Indus Passport
© IHS 2003
www.ihs.com
Results
•
•
•
•
•
Guaranteed optimal parts reuse
Improved Asset Utilization
Minimal Downtime and Cost
Cost Containment
Consolidation of buys resulting in lower acquisition
costs
• Incorporation of trading partners
Suppliers, Repair Depots, Stocking Locations
• Improved Profitability
© IHS 2003
www.ihs.com
IHS
World Headquarters
15 Inverness Way East
Englewood, Colorado, USA 80112
Web site: www.ihs.com
E-mail: [email protected]
Phone: 1-800-716-3447 (USA)
+1-303-397-2896 (Outside US)
Fax: 1-800-716-6447 (USA)
+1-303-397-2410 (Outside US)
© IHS 2003
www.ihs.com