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Feedback from Realizelive conference

Posted by Richard Turner on Jul 11, 2019 2:24:33 PM

We had a great time at the Siemen’s RealizeLive Annual Conference in Detroit last month.  Some excellent conversations and networking opportunities for all of us.  I wanted to share some of the feedback and questions that came from our presentation.

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Topics: Classification

Convergence Data at Realize Live - Register to win

Posted by Richard Turner on Jun 6, 2019 2:00:00 PM

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Topics: Classification, convergence data

Convergence Data at Realize Live

Posted by Richard Turner on May 31, 2019 4:30:58 PM

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Topics: Classification, convergence data

8 STEPS TO TEAMCENTER CLASSIFICATION AND DEMO

Posted by Richard Turner on May 17, 2019 2:49:58 PM
 
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Topics: Classification, convergence data

3 Approaches to Complexity Reduction

Posted by Richard Turner on Dec 1, 2018 3:00:00 PM

Reducing complexity of your direct material supplier parts can help drive significant savings within your company. Similar to our recently published blog which described the importance of conducting internal price benchmarking activities as a prerequisite to competitive benchmarking on a company’s direct material purchases. In both scenarios it’s surprising what you find when you are able to cleanse and enrich your purchase part data,  it can expose a variety of opportunities to reduce direct material spend without having to make major changes to your products. To reduce the complexity, we recommend grouping your direct material spend into these 3 groups:

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Topics: Governance, Classification, Manufacturer Parts, Data Cleansing, Part Cleansing, Part cost, Benchmarking

3 Ways to Attack The #1 Cost Driver

Posted by Richard Turner on Nov 30, 2018 3:01:00 PM

When it comes to controlling costs in business we seldom use the obvious tactics, especially if the solution relies on cross-departmental efforts. It is always easier to control your own department’s costs from within than to gain consensus from other departments. As a result, we default to what we know best, standard department cost reductions. But does this really make the biggest impact for the company? 

One example is Direct Material Cost, the cost of raw materials and components used to create a product. It is the most significant cost in manufacturing and can represent 50% of revenue for manufacturing companies. Yet it is often ignored as an area of cost reduction, or worse each department will attempt to reduce this cost independent of the other groups resulting in marginal cost benefits and unsustainable solutions.

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Topics: Governance, Classification, Duplicate Parts, Manufacturer Parts, Part cost

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