Product development software company PTC has released a supply chain intelligence (SCI) tool for its Arena product lifecycle management (PLM) and quality management system platform.
According to the company, the Arena SCI tool continuously checks for emerging risks from evolving supply chain conditions and eliminates the need for disconnected supply chain tools by embedding real-time, AI-driven component monitoring and risk mitigation insight directly into product development workflows. These capabilities transform how product development teams manage component risks throughout the entire product lifecycle within their existing PLM environment, it said.
Advertisement
Product development and introduction teams can use Arena SCI to continuously monitor electronic components across bills of materials to identify emerging risks from changing supply chain conditions. When risks are detected, Arena SCI provides visibility, suggests alternative components based on technical compatibility, and enables teams to make more informed sourcing decisions earlier in the product development process – helping to prevent sourcing interruptions before they affect production.
‘By delivering supply chain intelligence directly where design decisions are made in a cloud-native environment, Arena Supply Chain Intelligence simplifies collaboration between design teams and suppliers and supports more proactive component sourcing decisions to help offset supply chain disruptions,’ said David Katzman, general manager of Arena and Onshape at PTC. ‘Supply chain collaboration has been one of Arena’s core strengths for years, and our investment in SCI adds a new dimension for our customers as they prioritise resiliency. We expect to enhance SCI with even more features in future releases, including more AI-driven functionality powered by our Arena AI capabilities.’
Advertisement
Arena SCI makes use of electronic component data from Accuris to provide comprehensive electronic risk details and suggest alternative parts, enabling faster time to market while reducing the potential for added costs from continual, unanticipated disruptions.
‘Our teams face constant pressure to move faster, even as supply chain challenges become increasingly unpredictable. We are seeking ways to help us stay ahead by identifying risks early and avoiding costly last-minute changes, so we can keep projects on track and deliver on time. We see Arena SCI as an opportunity to help achieve this,’ said Dan Freeman, director of hardware engineering at Universal Audio.