Utilities Features and Functions
There are several areas that span across the lifecycle categories--they are grouped here under utilities. Specifically, you need project management tools during design, sourcing, and manufacturing. The same is true about managing BOMs and managing cost.
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Project Management
SRM systems do not compete with project management systems, but some SRM systems will contain rudimentary project management functions that are integrated with their sourcing and procurement processes, to manage projects across multiple internal departments and across multiple external suppliers and partners.
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Bill of Material (BOM) Explosion
The importing and exporting of BOMs into SRM systems and exploding the BOM can happen at various stages throughout the lifecycle.
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Product, Project Budget, and Cost Management
Tools to check that a project is within budget at each stage of the lifecycle.
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Supplier Relationship Management (SRM) Features and Functions
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