TROY, N.Y., Sept. 26 /PRNewswire/ -- Today, GlobalSpec announced a new
Web-based application that further strengthens the company's leadership
position in the collaborative product commerce market. Expanding on six years
of expertise in developing and implementing a solution for technical product
discovery via the Internet, GlobalSpec created SpecStation(TM), a Web-based
Product Data Management (PDM) application for the sourcing of mechanical,
electrical and optical components.
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SpecStation will integrate with a broad variety of PDM platforms and
product sourcing systems and applications. Until now, the missing link within
all of these solutions has been highly searchable, rapidly accessible, easily
maintainable and specification-rich product content. SpecStation provides all
of these missing pieces. An enterprise that includes SpecStation in its
overall PDM solution will notice a dramatic improvement in the time that
professionals such as engineers, designers, technical buyers and purchasing
managers spend searching for components and parts.
The first phase of SpecStation will be integration with PDM solutions.
GlobalSpec's experience has shown that up to 80 percent of the cost commitment
associated with new product introduction is determined during the engineering
design phase. Because SpecStation will allow the PDM-enabled design engineer
to use time more productively, more design iterations can be performed. The
result will be a better final product, with lower development costs, lower
support costs and improved profit margins.
"The ability to access and share product information is crucial for
business collaboration to be effective," said John MacKrell, Senior Analyst,
CIMdata, a collaborative business consulting and market analysis firm. "With
its extensive content and parametric search capability, SpecStation is among
the first comprehensive content solutions that support collaborative product
commerce. It clearly addresses a major issue for companies by presenting
their product definition personnel with a resource for strategic sourcing of
product content. Integrating this content into their designs helps companies
deliver superior products to the market more quickly than they otherwise
SpecStation permits seamless integration of component and part content
into an enterprise's PDM platform, making all component and part information
discovered via SpecStation sharable among all users on the platform. This
integration makes it possible, for example, to match retroactively the search
specifications for components found via SpecStation with specific line items
in an engineering Bill of Materials (BOM). A further benefit of this
integration includes the capability to store search results. This saved-search
feature will free the user from continually re-seeking parts that meet a
particular need. A recent study estimates that approximately 27 percent of the
time a design engineer spends interacting with a PDM platform is consumed
entering parts data. The ability to enter the data once and re-use it many
times will significantly reduce the time associated with this task.
Because SpecStation is fully compatible with GlobalSpec's SpecSearch(SM)
product discovery gateway, users of SpecStation will have seamless access to
the SpecSearch database of over 26 million component specifications for more
than 590,000 products representing the searchable contents of over
6,000 manufacturers' catalogs.
"Having been practicing engineers ourselves, we know that most of
designers typically spend about 20 percent of their time on product searches,
and when you look at that percentage across an entire enterprise that's a
pretty startling use of high-value human resources, particularly since there
is now a better way," said John Schneiter, CEO of GlobalSpec. "With
SpecStation, companies can more readily achieve product data management
collaboration with partners, suppliers and customers, and at the same time,
dramatically decrease costs and time-to-market by increasing productivity."
About GlobalSpec, Inc.
GlobalSpec, the first Web-based, centralized engineering design gateway,
connects engineers and technical buyers with the products and manufacturers
they need based on engineering specifications. GlobalSpec's SpecSearch is an
advanced parametric and universal engineering component search system that
provides users access to bias-free information from more than 26 million
product specifications and access to more than 18,000 contactable suppliers
arranged in over 1,200 product areas. Information about SpecStation can be
found at http://specstation.globalspec.com or email your request to
GlobalSpec.com(R), SpecSearch(SM), and SpecStation(TM) are registered
marks of GlobalSpec, Inc. in the United States.
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