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5 Key Benefits of Supply Chain Management for Rapid Supplier Collaboration



5 KEY BENEFITS OF SUPPLY CHAIN MANAGEMENT FOR RAPID SUPPLIER COLLABORATION

Written By: Carlos Melgarejo
 * 3/8/2022
 * Read Time : 5:30 min


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Today, manufacturers increasingly rely on rapid supplier collaboration to stay
competitive and introduce new products to the market. Against a challenging
backdrop of supply chain shortages, increasing customer demands, and faster
rates of innovation, a successful new product introduction (NPI) process
requires effective communication throughout the supply chain. 

Leading manufacturers and their supplier networks are continually striving to
create process efficiencies, improve quality, and accelerate NPI. Digital
processes and solutions that allow the seamless sharing of technical information
in connection with their PLM systems are a cornerstone of these ongoing
efforts. 

To learn more about how strategic supply chain management can fuel innovation,
PTC sat down with Scott Collins, CTO of Anark. Anark provides the tools that
manufacturers need to power intelligent supplier collaboration that builds on
their PLM systems. Read on to learn about trends in supplier collaboration, the
kinds of benefits companies see with increased supplier communication, and how
the right technology can help.

THANKS FOR MAKING TIME TO CONNECT TODAY, SCOTT. CAN YOU GIVE US AN OVERVIEW OF
THE BENEFITS OF SUPPLY CHAIN MANAGEMENT FOR SUPPLIER COLLABORATION? 

The reality for manufacturers today is that they’re facing an increased rate of
change. That change can come from a variety of different places, whether it’s
supply chain pressures, regulatory changes, increased competition, or changing
customer demands. Improving your supply chain management helps drive an agile,
effective response to pressures in the landscape. Supplier collaboration
benefits can be realized from early supplier onboarding (RFx processes) all the
way through production and delivery.

Whether you’re working to reduce engineering error rates or more efficiently
support concurrent design processes, sharing technical engineering data helps
drive collaborative design, enhance pre-production planning, and smooth out
implementation. However, protecting your organization’s intellectual property
during this process is also critical and security is at the heart of enabling
today’s rapid supplier collaboration processes. Manufacturers need the right
technology to make sharing easy, while increasing traceability and security
controls. 

COULD YOU SHARE AN EXAMPLE OF HOW A COMPANY HAS TRANSFORMED ITS SUPPLIER
COLLABORATION PROCESS AND THE KINDS OF BENEFITS THEY OBTAINED?

Absolutely. When one of our power equipment OEM customers wanted to develop more
efficient supplier communication and collaboration, their goals were clear. They
needed a partner that could help them improve supplier performance and
communication to help them move to model-based engineering processes.  

INCOSE defines model-based engineering as “an approach to engineering that uses
models as an integral part of the technical baseline that includes the
requirements, analysis, design, implementation, and verification of a
capability, system, and/or product throughout the acquisition life cycle.” 

In real terms this model-based approach allows them to share all the relevant
product manufacturing information (PMI) with their suppliers earlier in the
process. Procurement officers, supplier managers and their suppliers are able to
see and collaborate on the same technical BOM and visual data that engineering
owns in PLM.  Direct integration with the company’s PLM system ensures that all
suppliers are using the latest version and correct technical definitions to
drive procurement, design, and manufacturing.

The power equipment company partnered with us to first deliver 3D PDFs to their
suppliers, and soon after, adopted our browser-based solution to eliminate the
challenges of document-based sharing. The company saw improvements throughout
the supply chain, including faster supplier onboarding times, improved supplier
visibility, and reduced errors rates that traditionally resulted in costly scrap
and rework. 

WERE THERE ANY KEY PERFORMANCE METRICS THAT YOU CAN SHARE?

Capturing the benefits of rapid supplier collaboration processes demands the
ability to share visual web content, also known as web-based technical data
packages (TDPs). The company needed solutions that offered robust support for
multiple technical data types, including model-based definition (MBD), PLM BOM
data, product manufacturing information (PMI), and other supporting technical
documentation. It allows internal and external authorized users to securely
access information published directly from their PLM system to a web-based
supplier collaboration portal. 

Internal stakeholders highlighted critical benefits to multiple parts of the
business, but one of the most eye-opening was a 40% reduction in engineering
error rates. 

THAT’S IMPRESSIVE! IF COMPANIES ARE CONSIDERING IMPROVING SUPPLIER
COLLABORATION, WHAT FACTORS DO THEY NEED TO CONSIDER WHEN DESIGNING PROGRAMS AND
CHOOSING TECHNOLOGY?

While improving supplier collaboration is becoming the norm, there are many
factors that companies need to consider when sharing their technical content IP
along the supply chain. Let’s break these down into three big risks or
considerations:

 * IP security issues: One of the most important areas of consideration is IP
   security issues, which may include exposing data to competitors or other
   parts of the market before release date or losing control of how proprietary
   engineering data is shared and used. 
 * Version control: Manufacturers need solutions that offer release version
   control, ensuring that the data that is shared with suppliers, partners, and
   contract manufacturers is the latest correct version.
 * Providing access and collaboration that is optimized for human consumption:
   These solutions must be adaptable to any mobile or desktop device, sharing
   complex technical information that can be used in collaborative design, or on
   the shop floor for real-time innovation. 

As a result, companies should look for tools that offer deep support for
engineering data types such as 3D CAD, integrate with their PLM systems, have
built-in mechanisms that support security and version control, and support
flexible delivery of content to any device. 

MORE BROADLY, WHAT KIND OF BENEFITS CAN MANUFACTURERS EXPECT TO CAPTURE FROM
IMPLEMENTING SUPPLIER COLLABORATION SOLUTIONS?

Increasing communication with your supplier ecosystem can offer significant
benefits across the organization. Manufacturers embracing best practices and the
right technology platform offers several key benefits. Let’s highlight some of
the most important:

 1. Reduce error rates, scrap, rework: One of the first benefits that an OEM can
    expect to see is reduced error rates and improved product quality. By
    sharing the correct technical information with all supply chain partners,
    companies remove interpretation errors, versioning issues, and time spent
    deciphering information through non-visual data. Suppliers immediately
    understand all product, approved manufacturer/vendor, and standards
    requirements from the shared technical data, and the shop floor staff can
    provide quality and measurement feedback quickly. All teams are working from
    the same, correct technical content. The result is significant reduction of
    manufacturing costs from parts that would have to be thrown away or
    reworked, yielding reduced delivery risk. 
    
    
 2. Support concurrent engineering: Supplier onboarding can begin before the
    engineering design is released for manufacturing. This enables procurement
    officers and their suppliers to be ready to start production when
    engineering releases to manufacturing. RFI, RFP, and RFQ processes can be
    running in parallel to final design completion.  Because suppliers’ have a
    deeper understanding of requirements, OEMs can expect reduced bid-padding
    from suppliers—costs that are otherwise carried to the bottom line.
    
    
 3. Improve security and data access: When you’re sharing engineering data,
    you’re sharing critical IP. File-less web content means there are no files
    that can leave your view. A secure, traceable audit trail allows you to see
    who has access to your data, and how it’s being used and shared. The ability
    to control access – including granting it, revoking it, and troubleshooting
    it at will – greatly reduces the chances that it will be misused or fall
    into the wrong hands. And dynamic watermarking of important IP adds an extra
    layer of deterrent. These types of security and access tools make it easier
    to confidently collaborate.
    
    
 4. Identify risk and eradicate production delays: Sharing information early and
    often helps provide greater visibility into all parts of the supply chain.
    It’s crucial to identify risks and production delays – from early RFx
    through delivery – before they happen and solve them collaboratively. 
    
    
 5. Empower procurement teams with insights: Enable supply chain and procurement
    leaders with supplier visibility from early sourcing to align your internal
    procurement teams efforts with supplier sales. When procurement teams are
    purchasing components, they’re able to compare technical requirements
    against supplier-provided details to ensure tighter alignment from the
    start.


FINAL THOUGHTS

For manufacturers grappling with a faster-than-ever pace of change, one of the
many benefits of supply chain management is improved collaboration and
optimization. Solutions like those provided by Anark allow manufacturers to
adopt and implement model-based engineering processes that can improve
collaboration. With greater collaboration, it’s possible to reduce errors,
control costs, and get new products to market faster with less friction along
the way.

Learn more about the benefits of supply chain management for collaboration and
optimization.

 


DIGITAL SUPPLY CHAIN OPTIMIZATION

Learn how PLM can help you decrease costs and speed up NPI

LEARN NOW
Tags:
   
 * PLM
 * Windchill

--------------------------------------------------------------------------------

About the Author

Carlos Melgarejo Carlos is a Sr. Content Marketing Specialist for PTC’s PLM
technology. He comes from a broadcast journalism background where he developed a
love for writing and visual storytelling. He is also passionate about developing
creative content and communications, having received a Master’s degree in
Marketing. He enjoys the outdoors, the beach, exercising, riding his motorcycle
and car restoration.



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