Miniminimise BOM risks using DFM Life Cycle Analysis
Reduce risks in your BOM with Triode's DFM Life Cycle Analysis
Managing component supply risk in electronic products is more important than ever.
As technological innovation accelerates, so do component life cycles (obsolescence) and uncertainties within the supply chain. Changes in components can have either a modest or profound impact on product re-design, component costs, retooling, and other supply chain disruptions. Therefore, the ability to anticipate, plan for, and incorporate these changes from the outset can save considerable time, money, and stress.
Every product starts with a BOM, but not all BOMs are created equal.
Designing for quality, cost, and risk management presents challenges for all original equipment manufacturers and marketers, particularly at the Bill of Materials (BOM) stage. This phase can determine the success or failure of any OEM development project, and neglecting BOM risks can result in significant time, cost, quality, and even legal repercussions.
There are four types of BOM-related risks…
- Compliance risks driven by different or changing regulations in key markets.
- Life-cycle risks – when components become obsolete and must be changed out
- Availability and Lead-time risks
- Price risks
Mitigating these risks often requires finding and reviewing multiple potential components, suppliers, and vast amounts of data in the context of constantly changing requirements and regulations. That is where DFM Life Cycle Analysis using specialised electronics supply-chain platforms like Luminovo with experienced operators becomes invaluable.
At Triode, we believe that proactively identifying risks rm the outset is the most effective method of keeping your project on track and ensuring that your products remain competitive.
By utilising DFM Life Cycle Analysis and Luminovo software, Triode can proactively evaluate component availability, lifecycle status (longevity), and sourcing challenges early in the design process.
DFM Life Cycle Analysis and BOM Health Optimisation supported by Luminovo and Product Design Optimisation are vital to Triode's new client/project methodology. Each component's specifications, availability, lifecycle, price, and compliance are proactively assessed and integrated into the product design, BOM finalisation, and scale-up processes, enabling simultaneous optimisation regarding time to market, longevity (between retooling), setup costs, component costs, total COGS, compliance, and quality.
Life Cycle Analysis, BOM Health Optimisation, and Product Design Optimisation are all key components of Triode's “Design for Manufacturability” (DFM) process.
Triodes DFM Three
This approach helps prevent costly redesigns, production delays, and unexpected disruptions, ensuring a more stable and efficient manufacturing process. With these tools, companies can make informed decisions about component selection, reducing long-term risks while optimising costs and product reliability.
When risky components are identified, Triode’s team works with your team to suggest cost-effective alternatives, ensuring supply-chain resilience without compromising performance.
Luminovo Life Cycle Analysis Dashboard
The dashboard below shows a product with 75 components in the BOM with some compliance and obsolescence issues that need to be resolved.
Integrating Luminovo into Triode’s quoting process allows us to provide faster, more transparent pricing with clear insights into risk factors. This means you get the information you need upfront, allowing you to adjust your design or procurement strategy before committing to production.
While bringing any electronic product to market is a considerable undertaking, the capacity to respond swiftly to changing circumstances is equally crucial for long-term success. Using Luminovo, Triode can assist in this regard by providing early notifications of issues and suggesting alternative parts.
At Triode, we aim to be an extension of your team, offering not just assembly services but also proactive risk management and sourcing expertise to ensure the success of your products. Enhanced information and collaboration lead to improved decision-making and business outcomes.
If you would like to discuss how our BOM Risk Analysis and Reporting can assist your business, contact us today!