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BOM Lifecycle Manager


Glossary

What is BOM Lifecycle Manager?

Ivalua elevates the management of a product's Bill of Materials (BOM) across its complete lifecycle. Within the realm of procurement, this journey initiates during the New Product Introduction (NPI) process, encompassing sourcing, supplier evaluation, selection processes, and continuous resourcing throughout production. The BOM Lifecycle Manager, a key component, fosters collaboration with product stakeholders, ensuring seamless coordination. It empowers Procurement to swiftly visualize the impact of supplier selections on the total cost of the finished product.

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