Parts Selection and Management (PDF)

Increase profitability and reduce risk through effective parts
selection and management

Corporations recognize that technology can be the key to fueling
product design and development. But just as crucial-if not more-to
a company's success are the decisions about when, what, and how a
technology will be used. Few companies have failed because the
right technology was not available; many have failed when a
technology was not effectively selected and managed.

Parts Selection and Management is a guide to increasing company
profitability and reducing the time-to-profit through the efficient
management of the process of parts selection and management. Taking
an "eyes-on, hands-off" approach to parts selection, this guidebook
addresses risk-assessment, decision-making steps, and subsequent
management activities. The book covers everything from
methodologies for parts selection and management, product
requirements and specifications, and manufacturer assessment
procedures to ways to track part changes through the supply chain,
reliability assessment, and environmental, legislative, and legal
issues.

Written by a seasoned professional, teacher, and author in the
field, the book enables companies to:

* Employ effective risk assessment and mitigation techniques

* Make an informed company-wide decision about parts selection and
management

* Choose parts to fit the functionality of the product and other
constraints

* Maximize system supportability by preparing for parts
obsolescence

* Improve supply-chain interactions and communications with
customers and regulatory agencies to minimize time-to-profit

Shedding light on a neglected but essential aspect of product
development, Parts Selection and Management will give your
organization the tools you need to avoid the risks associated with
product use while promoting flexibility, innovation, and creativity
in your product development.