{"id":2247,"date":"2014-09-19T11:00:54","date_gmt":"2014-09-19T10:00:54","guid":{"rendered":"http:\/\/www.solidapps.co.uk\/blog\/?p=2247"},"modified":"2015-11-04T09:50:03","modified_gmt":"2015-11-04T09:50:03","slug":"stop-losing-money-redesigning-existing-parts","status":"publish","type":"post","link":"https:\/\/www.solidapps.co.uk\/blog\/2014\/09\/stop-losing-money-redesigning-existing-parts\/","title":{"rendered":"Stop losing money redesigning existing parts!"},"content":{"rendered":"<p><a href=\"http:\/\/www.solidapps.co.uk\/blog\/wp-content\/uploads\/EPDM-Cost-of-Losing-Data-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-2248\" src=\"http:\/\/www.solidapps.co.uk\/blog\/wp-content\/uploads\/EPDM-Cost-of-Losing-Data-1.jpg\" alt=\"EPDM-Cost-of-Losing-Data-1\" width=\"300\" height=\"232\" \/><\/a>Just imagine the overwhelming feeling a CFO or Operations executive would go through when they discover that many parts in their current inventory, whether purchased or designed, are very similar or identical to ones already existing.\u00a0 How did this happen and why isn\u2019t engineering using something they have already used before?\u00a0 Don\u2019t they know where to look for common or similar parts as part of their job?<\/p>\n<p>This same story is played out almost every day in many companies worldwide.\u00a0 Some worse than others as you can imagine.\u00a0 Now let\u2019s take the scenario a step further to look at the cost associated with this type of behaviour.<\/p>\n<p>When an engineer or designer is not able to locate a component which may already exist because they simply can\u2019t find one or do not take the time to look, they will source or create a new part very similar or identical to an existing one.\u00a0 This will often require introducing a new part number into the company which has a cost associated.\u00a0 Before a new part can be brought in it will need to be documented,\u00a0vendors will need to be identified,\u00a0 manufacturing will need to be involved if it is manufactured and proper quality assurance will need to occur in order to make sure the new part performs as intended.<\/p>\n<p>This and more is the cost associated with introducing a new part into a company.\u00a0 Let\u2019s take a look at a new cost in summary vs. using an existing component:<\/p>\n<p><strong>New part:<\/strong><\/p>\n<ul>\n<li>Part Number creation<\/li>\n<li>Design &amp; detail if manufactured<\/li>\n<li>Documentation<\/li>\n<li>Performance Validation<\/li>\n<li>Quality Assurance<\/li>\n<li>Vendor selection<\/li>\n<li>Release &amp; approval<\/li>\n<\/ul>\n<p><strong>Existing:<\/strong><\/p>\n<ul>\n<li>Documentation (minimal)<\/li>\n<li>Performance (if applicable)<\/li>\n<\/ul>\n<p>According to the Aberdeen Group, the cost to introduce a new part into a company can run between $4,000 to $23,000 per part depending on the industry. \u00a0More heavily regulated industries generally have higher costs associated.<\/p>\n<p>Now back to why does this happen?\u00a0 Culture?\u00a0 Not knowing where to look or the lack of training?\u00a0 Now imagine an environment where all processes were clearly documented and repeatable.\u00a0 One where each step guides you to the next.\u00a0 When it came time to source or consider new component for a design you have a situation where results are obtained in almost Google like speed via saved searches or ones you conduct yourself.\u00a0 This is what SOLIDWORKS customers are experiencing today when using <strong>Enterprise PDM<\/strong> (EPDM) in conjunction with their design process. \u00a0EPDM provides a unique seamless interface with your SOLIDWORKS design workflow.\u00a0 SOLIDWORKS users do not realize EPDM is part of their work experience as it becomes almost transparent to them.\u00a0 Learn how easy document management can be when you stop worrying and make <strong><a href=\"http:\/\/www.solidapps.co.uk\/products\/products-solidworks-enterprisepdm\/products-sw-enterprisepdm\" target=\"_blank\">EPDM part of your design process<\/a><\/strong>.<\/p>\n<p>Originally posted by Patrick Brochu in the <a href=\"http:\/\/blogs.solidworks.com\/solidworksblog\/2014\/07\/stop-losing-money-redesigning-existing-parts.html\" target=\"_blank\">SOLIDWORKS Blog<\/a><\/p>\n<p><a href=\"http:\/\/www.solidapps.co.uk\/blog\/wp-content\/uploads\/DoubleRedArrow.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-2090\" src=\"http:\/\/www.solidapps.co.uk\/blog\/wp-content\/uploads\/DoubleRedArrow.png\" alt=\"DoubleRedArrow\" width=\"15\" height=\"10\" \/><\/a>\u00a0<a href=\"http:\/\/www.solidapps.co.uk\/products\/products-solidworks-enterprisepdm\/products-sw-enterprisepdm\" target=\"_blank\"><span style=\"color: #830000;\">Find out more on SOLIDWORKS Enterprise PDM<\/span><\/a><br \/>\n<a href=\"http:\/\/www.solidapps.co.uk\/blog\/wp-content\/uploads\/DoubleRedArrow.png\"><span style=\"color: #830000;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-2090\" src=\"http:\/\/www.solidapps.co.uk\/blog\/wp-content\/uploads\/DoubleRedArrow.png\" alt=\"DoubleRedArrow\" width=\"15\" height=\"10\" \/><\/span><\/a>\u00a0<a href=\"http:\/\/www.solidapps.co.uk\/company\/contact\" target=\"_blank\"><span style=\"color: #830000;\">Contact Sales<\/span><\/a><br \/>\n<a href=\"http:\/\/www.solidapps.co.uk\/blog\/wp-content\/uploads\/DoubleRedArrow.png\"><span style=\"color: #830000;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-2090\" src=\"http:\/\/www.solidapps.co.uk\/blog\/wp-content\/uploads\/DoubleRedArrow.png\" alt=\"DoubleRedArrow\" width=\"15\" height=\"10\" \/><\/span><\/a>\u00a0<a href=\"http:\/\/www.solidapps.co.uk\/demo-request\" target=\"_blank\"><span style=\"color: #830000;\">Request a Demo<\/span><\/a><\/p>\n<p><a href=\"http:\/\/mkt.solidworks.com\/emarketing_enu\/start.swe?SWECmd=InvokeMethod&amp;SWEMethod=StartSS&amp;SWEView=URLRouter&amp;SWEApplet=SSRoute&amp;SWENargs=SSId=1-2NJUNBE,SSName=REP+ENG-INTL+SW+3D+for+2D+-+Building+Assemblies,SSLC=,SSCC=,CID=1-2OC1GHW,OID=1-2NJISUY,COID=1-2OC1GHX,PRO=1-NKZ7N\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-2273\" src=\"http:\/\/www.solidapps.co.uk\/blog\/wp-content\/uploads\/REP_3Dfor2DBuildingAssemblies_600x90_SAL.png\" alt=\"REP_3Dfor2DBuildingAssemblies_600x90_SAL\" width=\"600\" height=\"90\" srcset=\"https:\/\/www.solidapps.co.uk\/blog\/wp-content\/uploads\/REP_3Dfor2DBuildingAssemblies_600x90_SAL.png 600w, https:\/\/www.solidapps.co.uk\/blog\/wp-content\/uploads\/REP_3Dfor2DBuildingAssemblies_600x90_SAL-300x45.png 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Just imagine the overwhelming feeling a CFO or Operations executive would go through when they discover that many parts in their current inventory, whether purchased or designed, are very similar&hellip; <\/p>\n","protected":false},"author":1,"featured_media":2248,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,7],"tags":[61,25,81,62],"class_list":["post-2247","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solidworks","category-solidworks-epdm","tag-epdm","tag-solidworks-2","tag-solidworks-epdm-2","tag-solidworks-enterprise-pdm"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.solidapps.co.uk\/blog\/wp-json\/wp\/v2\/posts\/2247","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solidapps.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solidapps.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solidapps.co.uk\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solidapps.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=2247"}],"version-history":[{"count":5,"href":"https:\/\/www.solidapps.co.uk\/blog\/wp-json\/wp\/v2\/posts\/2247\/revisions"}],"predecessor-version":[{"id":3759,"href":"https:\/\/www.solidapps.co.uk\/blog\/wp-json\/wp\/v2\/posts\/2247\/revisions\/3759"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solidapps.co.uk\/blog\/wp-json\/wp\/v2\/media\/2248"}],"wp:attachment":[{"href":"https:\/\/www.solidapps.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=2247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solidapps.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=2247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solidapps.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=2247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}