Here’s How to Lower BOM Expenses

However they surface, issues with your BOMs can impact the costs to maintain your maintenance services. Beginners to BOMs are bound to use inefficient means of managing a barrage of materials. However, even experienced users will encounter inefficiencies in their BOMs if they don’t properly manage them.

Some companies may even forgo BOM-building altogether due to the expenses. But most times, they are unaware of self-inflicted choices that make their BOMs that much more expensive to maintain. Here are two possible reasons why your BOMs are so expensive.

Duplicates, Duplicates, Duplicates…

Your materials have duplicates…not a big deal, right? Actually, yes, that is a big deal. Duplicate parts can quickly accumulate if the problem’s root cause is not addressed. This can result in extra costs for your company because it becomes challenging to identify duplicates and get rid of them without productivity. Features such as intelligent searching allow maintenance workers to search for similar parts and reuse existing materials when creating BoMs. This reduces unnecessary clutter, makes your BoM easier to use, and results in on-time and complete work orders.

Duplicates are a common occurrence in BOM-building. That doesn’t mean they should be left alone. Duplicate parts can quickly accumulate if the problem’s root cause is not addressed. Features such as intelligent searching allow maintenance workers to search for similar parts and reuse existing materials when creating BOMs. This reduces unnecessary clutter, makes your BOMs more intuitive and interpreted, and helps work orders be completed on time.

Stop using a spreadsheet.

Some asset-intensive companies or third-party contractors build BoMs in spreadsheets because they do not have a productivity tool. Building a bill of materials without productivity tools makes editing, reviewing, visualizing, or searching for existing parts more challenging. It also increases the chances of error and inaccuracy, leading to extra cost.

How We Can Help You

If you would like to learn more about how NRX AssetHub can lower the costs of building and maintaining BOMs, feel free to book a demo or download our brochure!