This is where LiveSource comes in. With its Product Launch Portal, LiveSource connects every stakeholder, centralizing, streamlining, and managing the continuous change during the launch process. LiveSource offers an item-centric approach that delivers an integrated, single source of truth about an item throughout every stage of the product launch process. It solves the endemic problems of miscommunication, siloed information, and a lack of actionable data.
For many manufacturers, the PLM does not match the manufacturing item number or production configuration: one item number in the PLM may have multiple production part numbers, such as for each color option. There are several situations where this capability is important. For example, an ability to map color-specific part numbers allows purchasing to track price variances for different production part numbers. It is also critical that the sourcing system be able to identify each specific manufacturing part number and the plant responsible for it, to ensure the purchasing is complete and accurate.
LiveSource maps the engineering item number to the corresponding manufacturing part numbers in the ERPs and updates the system each time an engineering change is processed. The PLM pushes BOM and engineering changes into the LiveSource item library; data is synced with new or updated RFQs, PPAPs, and APQPs, as well.
LiveSource also streamlines the RFQ process. Buyers nominate a supplier for an award, initiating an automated approval workflow. Once approved, LiveSource forwards the RFQ information via an API with the customer’s ERP, and a blanket purchase order or supplier schedule agreement is created.
With LiveSource, it’s easy to pull history, associations, cost, and other data for each item. As suppliers provide information through the LiveSource portal, quality engineers and program managers are updated on each task’s on-time status related to start of production. This creates efficiencies and increases accuracy, by reducing the need to look up or update items in multiple locations.