NEWTON, MA, Apr 26, 2016 – Manufacturing is changing and with it comes a need to change the way BoMs are managed. The change is brought about by several trends in the market. These include globalization of manufacturing and supply chain, a growing number of new hardware developers, a surge in the maker movement, increased reliance on contract manufacturing, and variety of new manufacturing practices including adoption of internet and mobile tools and technologies.

“Technology is dramatically changing the way manufacturing works,” said Oleg Shilovitsky, CEO and co-founder of Newman Cloud, Inc., “Manufacturing companies that used to be under one roof are now building businesses around distributed global manufacturing networks. These new distributed manufacturing environments have created a demand for new types of cloud applications that help companies manage and support distributed working environments.” Bills-of-Materials (BoMs) are a fundamental part of every engineering and manufacturing process. The changing technological landscape has only exacerbated traditional challenges involved with BoM management such as, controlling product costs, Requests for Quotes (RFQs) processes, coordinating between engineers and other product stakeholders, and managing change orders with contract manufacturers (CMs) in distributed environments. openBoM, a wholly owned product and brand of Newman Cloud, Inc., tackles these challenges with features that include:

• An ability to track BoM records and revisions;
• Viewing history of changes to a BoM;
• Flexible BoM configuration with fully customizable properties;
• Sharing BoMs with team, manufacturers and suppliers;
• Simultaneous BoM editing across organizational and geographic boundaries;
• Tracking part usage across multiple BoMs with intelligent “Where used” queries; and
• Integration with MCAD and ECAD tools to import BoM and changes.

“We learned after personally engaging with over 100 hardware development companies and discussing their challenges,” said Oleg, “that there was an urgent need to develop a new tool that combines the latest proven cloud and data management technologies with the demands of working with BoMs across distributed manufacturing networks.” A public beta version of openBoM is now available on http://www.openbom.com for purchase on a monthly or annual subscription basis. As a full cloud Software-as-a-Service (SaaS) product, openBoM requires no installation or special skills to use. “We are confident our first commercially available version of openBoM,” said Vic Sanchez, COO and co-founder of Newman Cloud, Inc., “will provide our customers affordable relief of their BoM pain from day one.”

About Newman Cloud, Inc. and openBoM.

Newman Cloud, Inc. was co-founded by Oleg Shilovitsky and Vic Sanchez, both experienced software industry veterans. openBoM, a wholly owned and branded product of Newman Cloud, Inc. is a cloud data management tool that removes the traditional pain of managing BoMs across organizational and geographic boundaries. Newman Cloud, Inc. is headquartered in the Boston, MA area. openBoM’s website is at http://www.openbom.com. Learn more how openBoM is the new alternative to BoM spreadsheets.