XtendedView

  • Facebook
  • Pinterest
  • RSS
  • Twitter
  • Home
  • Technology
    • How to
    • News
    • Computer
    • Windows
  • Internet
    • WordPress
    • Web
    • Google
    • Marketing
    • Social Media
  • Gadgets
    • iOS
    • Games
    • Android
  • About
    • Our Team
  • Contact us

5 Consequences That are Directly Attributable to Incorrect Part Numbers

Author: Tushar Thakur   Last updated on: October 26, 2017    Leave a Comment  

FacebookTweetLinkedInPin

Why is correct labeling important in design? It helps electrical and mechanical engineers to calculate inventory of all parts inside their Bill of Materials (BOM) before commencing a project.  In addition, a correct labeling system helps engineers to keep track of every product’s lifecycle.

Despite these obvious benefits, some engineers still end up with incorrect part numbers in their BOMs. In some cases, the manufacturer is to blame due to sending unlabeled or incorrect part numbers. On the other hand, errors of omission lead to incorrect data entry.

If you’ve just come across components with incorrect part numbers in your BOM, here are five possible unfavorable outcomes that may catch up with you.

1. Numerous time delays

Failure to plan is planning to fail. Engineers who realize that their BOM contains many incorrect part numbers often end up submitting projects way past set deadlines. One reason why this happens is that the project’s team has to spend extra time identifying and reassigning the correct part numbers.

Moreover, the team is forced to dismantle the design and start all over again using the correctly labeled parts. These time constraints may end up straining business-client relationships because the engineers have failed to meet the client’s expectations.

2. Inaccurate costing

Accurate costing enables electrical and mechanical engineers to determine all the requirements necessary for a client’s project. Potential clients use estimated budgets to help them make informed decisions when awarding long-term contracts to bidders. This process requires correct identification of each part number in the BOM.

Having incorrect part numbers may mislead the project’s accountant into coming up with an inflated budget. Why? Because the incorrect part numbers may cause the accountant to confuse one part for another. He or she will then use wrong prices to calculate the entire project’s estimate.

Just imagine what would happen if your company presented an inflated budget when competing for a lucrative government contract.

Read more about proper part number management here.

3. Strained customer relationships

After completion of a project, your client may request for a list of parts that will help them to easily source for spare parts in future. This list also helps them to keep track of each part’s lifecycle. In addition, auditors will analyze a project’s total cost by using the parts list to cross check prices.

When a customer realizes that your BOM contains incorrect part numbers, they might assume that you’re negligent. Since it may take some time for your team to sort this issue, the infuriated customer ends up getting impatient. He or she may post nasty reviews on your company’s website.

4. Wastage of capital

Labeling parts correctly helps electrical and mechanical designers to accurately keep track of their materials’ inventory. Incorrect labeling may lead to engineers ordering new parts that are already in the company’s store. Most manufacturers make it clear that goods once sold are non-refundable unless they contain significant defects.

5. Poor tracking of a part’s lifecycle

Misleading part numbers may make you assume that a certain part is still available in the market. However, the manufacturer may have shut down or ceased production of specific parts.

In conclusion

Correcting your part numbers may be time-consuming, but you can’t compare this inconvenience with losing a customer or a lucrative government contract that would take your company to greater heights of success.

FacebookTweetLinkedInPin

Filed Under: Business   

More on XtendedView Right Now!

  • How to Find the Best Solar Sales Tracker to Boost Your Business?

  • Top Google Chrome Extensions for Team Productivity

  • Boosting Profits For Your Industrial Business: Why Marketing Is Vital For Sales

  • 7 Ways To Leverage Technology To Drive Increased Ecommerce

About Tushar Thakur

Tushar is founder of Xtendedview. He love to experiments on different gadgets, software/apps. He is professional blogger and Internet marketer. He is Interested in electronics and computers, Internet technology, Search Engine Optimization, Internet Marketing. Running online business and Blogs

Tushar has written 506 awesome articles for us at XtendedView.

  • Find Tushar On
❮
The Business Of Building Businesses: The Future Of Venture Capital
❯
Expansion On A Budget: How Virtual Offices Help Grow Your Business

 Comment Policy

Your words are your own, so be nice and helpful if you can. Please, only use your REAL NAME, not your business name or keywords. Using business name or keywords instead of your real name will lead to the comment being deleted. Anonymous commenting is not allowed either. Limit the amount of links submitted in your comment. We accept clean XHTML in comments, but don't overdo it please. You can wrap code in [lang-name][/lang-name] tags.


Tell us what you're thinking... Cancel reply

If you want a picture to show with your comment, then get Gravatar!

Connect on Facebook

How To Tech

Latest Articles

  • Where Are Windows Store Apps Installed and Where Do They Save Data
  • 4 Ways: How to Protect wp-config.php of your WordPress from Hackers
  • How to Hide Your Files on Android
  • Tips to Optimize Facebook for Business: As an Online Marketing Medium

Featured Articles

  • How to Turn off Laptop Screen Manually
  • Best Alternatives for Logic Pro X on Windows 10
  • Digital Ocean Review: Cheapest cloud hosting
  • How to run Android applications on MAC
  • How to remove login password from windows 8
  • How to Play Android games on Windows PC

Trending Topics

  • Android 22
  • Apps 15
  • Automobile 6
  • Blogging 38
  • Business 103
  • Computer 124
  • Education 25
  • Games 123
  • Games 11
  • Google 12
  • How to 56
  • Internet 204
  • Marketing 12
  • Mobile 47
  • Technology 185
  • Windows 15
  • Wordpress 12
  • Some Rights Reserved. Xtendedview | Copyrights 2011-2022 | Site Map | Privacy Policy
  • XtendedView is built on WordPress
  • WordPress Hosting by Bluehost