article thumbnail

The Bill of Materials (BOM) Beginners Guide!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. If you’re an eCommerce seller or manufacturer, you need to know BOMs (bill of materials). How do you create a bill of materials? What Is A Bill Of Materials? A bill of materials lists the materials and processes required to create a product.

article thumbnail

Spend Matters Future 5 2024 – Introducing True ValueHub

Spend Matters

Unlike many ProcureTech companies, True ValueHub was founded and is run by procurement and supply chain industry practitioners. The solution is self-learning and calibrates to the customer’s supply chain needs.” We asked True ValueHub’s CFO and COO Sophia Banar: How did True ValueHub come into being?

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Three ways supplier collaboration creates real value for manufacturers

ivalua

the bill-of-materials target cost through the entire product lifecycle. Collaboration means working closely with supply partners to understand the BOM cost drivers and reduce part costs through design changes, operational improvements, and other means to sustain desired product margins over time.

article thumbnail

Navigating trade turbulence: What tariffs are really exposing in Procurement

Spend Matters

The US administrations announcement of reciprocal tariffs in early April sent a jolt through global supply chains. Another CPO pointed to the urgent internal push for greater transparency at the supplier-level mapping and for granular understanding of sub-tier suppliers, component origins and even HS-code-level exposure.

article thumbnail

A Guide to the Benefits of a Bill of Materials (BOM)

EazyStock

What is a Bill of Materials (BOM)? In its simplest form, a bill of materials (BOM) is a list of components, parts or materials required to manufacture, assemble or repair a product. Types of Bill of Materials. It often details engineering information such as raw materials. Availability.

article thumbnail

Ivalua Announces New Innovations for Managing Direct Materials Spend

ivalua

Redwood City, CA – November 7, 2019 – Ivalua, a global leader in spend management , today announced a range of new innovations that enable direct material procurement and supply chain leaders to launch more profitable, successful products. The new capabilities are available now as part of Ivalua’s latest platform release.

article thumbnail

Unlocking Innovation from Your Supply Chain – Lessons from Formula 1 Racing

ivalua

On February 12 Ivalua hosted Senior Procurement and Supply Chain Professionals gathered for an Exclusive Dinner on the 34th floor of The Gherkin with F1 Veteran and Status Grand Prix Founder, Mark Gallagher. Lessons from the evening’s discussion: Supply chains have more resources and expertise than any single company.