Lexi Solution AB announces major extension to the Lexi Cloud System
Stockholm, 12th November 2020 – Lexi announced today the release of E*BOM, a new engineering-focused extension to its SaaS platform for data-driven sourcing and procurement for electronics OEMs.
E*BOM is a powerful cloud-based application for new product design and NPI teams to quickly and accurately perform should-cost analytics on PCBAs (printed circuit board assemblies) early in design cycles. The tool also helps R&D and Procurement teams align at the point of design and powers data-driven design innovation in component selection, optimising for cost while also ensuring minimized risk of downstream supply disruptions.
E*BOM also helps drive shorter time-to-market (TTM) design cycles and helps R&D hit design-to-cost (DTC) targets with quick design spins based on real market data and BOM health analytics, ensuring new products are designed upfront with components that support a robust and resilient supply chain strategy for the full product lifecycle.
E*BOM is available as a standalone tool or as an extension to Lexi’s existing MasterBOM platform already in widespread use by leading global OEMs for their products with electronic content.
Several of Lexi´s customersincluding Husqvarna, ABB, and Kiekert have already been usingE*BOM for some time, with great results and high satisfaction with usability.
James Clark, ABB Robotics Global Category Leader, Electronics, is delighted with the results delivered by E*BOM for many new Robotics products already this year: “Lexi’s platform – along with the close collaboration and support of the Lexi teams in Sweden and Malaysia – have helped us efficiently collaborate with our colleagues in R&D, resulting in an optimized concept design and supply chain set-up for new products. We’re just scratching the surface of what’s possible so far, and we look forward to expanding the application of these digital tools.”
Lexi’s proven AI-driven BOM scrubbing software uses machine learning and the know-how that Lexi hasdeveloped over nearly ten years of working with leading OEMs. Lexi’s process cleans, corrects, completes, categorizes and harmonizes all component data, ensuring that all data is 100% accurate and up-to-date.
Building on that clean data, Lexi then enriches it with hundreds of additional searchable parameter data – technical, component life, compliance, origin, etc. MasterBOM then applies Lexi’s PICI process for structured cost reduction, driving a “savings funnel” in stages through Potential, Identified, Confirmed and finally Implemented to ensure no savings opportunities are missed.
E*BOM – a powerful new cost estimation tool for R&D, NPI and Procurement teams to collaborate in bringing new products to market faster, designed to cost with a resilient supply chain.
Lexi aspires to change the world through data, bringing clarity and insight to complex supply chains.
Lexi brings transparency to supply chain management with its unique cloud-based enterprise software solution that uses machine learning to provide authenticated, accurate product details to Original Equipment Manufacturers (OEMs). Headquartered in Stockholm, and with a Data Operations Center in Penang, Malaysia, Lexi delivers data-driven business intelligence insights to prioritize actions for OEMs to lower costs and improve supply chain health. With its predictive and prescriptive optimization algorithms, Lexi empowers manufacturing, engineering, supply chain and procurement leaders to make faster, smarter product design and sourcing decisions. For more information, visit www.lexisolution.com.
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SOURCE: Lexi Solution AB
For further information, contact Robert Sawyer, tel +46 8 625 11 50.
Related Links: https://lexisolution.com/