Product Sourcing

Determine the best parts and suppliers to use for each product

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i2 Product Sourcing

i2 Product Sourcing is designed to bridge product development with procurement and the supply chain. The solution helps project teams optimize products for supply and cost by selecting the best parts and suppliers in alignment with material reuse and global sourcing strategies. i2 Product Sourcing enables rapid product change, bill of material (BOM) collaboration, and execution of shared workflows with the continuous involvement of suppliers and partners. Using its advanced analysis capabilities, products can be sourced and optimized for total cost and supply chain constraints.

In many industries, the majority of a product’s total cost is determined during the design and sourcing processes, long before the product is passed on to manufacturing. In order to drive costs down, commodity sourcing teams can convert their global commodity strategies to localized part and supplier preferences and then communicate those to product design. Guiding product development and component engineers in the selection of the optimal parts, materials, and suppliers can drive impact to the bottom line and help to minimize supply risk.

Once preliminary design BOMs are established, a comprehensive solution for BOM cost analysis and an interface to BOM request for quote (RFQ) is needed to model total product cost with the ability to track drifting values over time, while obtaining commitments in the form of supplier quotes.

Capabilities and Features

Comprehensive part and supplier master, including intelligent search methods and dynamic filtering and sorting of search results
Ease of use and flexibility supported by multiple pre-configured views, a soft modeling mechanism, and configurable workflow processes and alerts system
Design for supply analysis that includes grading for parts and BOMs, configurable enterprise reporting, and an automated alternate component finder
Flexible integration framework for data exchange with external systems (PDM, ERP, CAD) and import/export capabilities to Microsoft Excel® (.CSV) and XML product data files
Project and BOM collaboration, as well as cost and obsolescence analysis