Modular Management and Noëtic Data, LLC announce a cooperative agreement that they are providing consulting and software for product and component architecture together.
What is Product Architecture? Imagine product X is composed of 20 separate modules – each module available in five different variants. If the modules have standardized interfaces, then each variant can be combined in different ways to create completely different products.
What is Component Architecture? A company manufactures and sells a product line consisting of many products using components sourced from multiple suppliers. Using structured information techniques and component characteristics, the components are grouped into a logical architecture. Variations are identified relative to the others in the same group by comparing the characteristics, features and functions. The analysis reveals cost savings opportunities without compromising quality.
This solution accelerates the dramatic benefits companies can achieve through modularity by simultaneously deploying Noetic Data and modular design to transform business performance with both component and modular product architecture.
To view the original press release, please click here.
