The Wrong Job for a Great Tool: The Hidden Costs of Using Excel for BOM Management
Many companies still rely on “free” programs like Excel to manage their product bills of materials (BOMs). This can be a risky proposition. Hidden costs associated with using Excel to manage BOMs may include failed products, missed delivery dates and blown cost targets.
In part one of our Excel series, we outline some of the hidden costs and compare Excel with a modern system designed specifically for BOM management. Find out how your BOM management system compares and if there are any risks you need to be aware of.
Don’t miss the rest of the Excel series:
- Part 2, “Surviving a Single Point of Failure: Ten Tips on How to Get By When You’re Relying on Excel,” outlines 10 tips for using Excel in the best way possible to avoid risks.
- Part 3, “Exit Strategies: Ten Ways to Organize Your Data for Moving Out of Excel,” examines how Excel was holding them back one company and the steps they took to transition to a dedicated BOM management system.
Related resources:
Learn more about how Arena solves bill of material (BOM) management challenges on our BOM Management page.
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