IHS Launches Fasteners eCatalog; New Search Tool Identifies, Specifies and Sources Aerospace and Defense Standard Fasteners
February 28 2006 - 9:39AM
Business Wire
IHS Inc. (NYSE: IHS), a leading global provider of critical
technical information, decision-support tools and related services,
today announced IHS Fasteners eCatalog, the first
engineering-oriented parts research tool for industry standard and
military fasteners. The IHS Fasteners eCatalog leverages multiple
time-saving features and enhancements throughout the application to
drive higher levels of productivity, efficiency, and hard cost
savings for customers in the aerospace, defense, and automotive
industries. The IHS Fasteners eCatalog enables design engineers,
standards managers, and procurement, manufacturing and quality
control professionals to dramatically reduce the search time needed
to navigate through standards document references. Users can
parametrically refine their searches to a concentrated set of
options, shortening their design cycle times and improving parts
reuse. Expanded capabilities and new functionality in the IHS
Fasteners eCatalog enable: -- Productivity - features intelligent
part number searching across 700,000+ AIA/NAS and Mil-Spec standard
fasteners to help users quickly find the correct, orderable
fastener, instead of only searching by text or standard document
numbers. -- Efficiency - provides a common search interface so
separate engineers can make design or redesign decisions quickly,
correctly and consistently. Typical design and engineering
processes that could take days to resolve a research request can
now be conducted in seconds using the IHS Fasteners eCatalog. --
Hard Cost Savings - reduces part proliferation and unnecessary
inventory overstocks resulting from inconsistent and poor parts
management processes for engineering and manufacturing
requirements. A leading aviation & aerospace OEM saw potential
savings in excess of $8 million dollars annually. -- Deep
integration with IHS Specs & Standards, IHS CatalogXpress(R)
and IHS HAYSTACK(R) Gold databases brings a wealth of critical
technical information to a single source, increasing confidence in
engineering decision-making. As the prime standards provider in the
new IHS Fasteners eCatalog tool, the Aerospace Industries
Association immediately recognized IHS' valuable investment in
bringing this concept to market. AIA supported and participated in
a Beta User Forum, helping guide the IHS Fasteners eCatalog's
content and application development. "The IHS Fasteners eCatalog
adds significant value to the engineering design process as a close
complement to the industry standards themselves," said Matt
Williams, Standardization Director, Aerospace Industries
Association. "The tool's user-friendly design and performance also
streamlines parts research. We've enjoyed working collaboratively
with IHS and customers to design and introduce this great
advancement in parts management." "At approximately $20,000 per new
part introduction, the financial impacts to manufacturers are
enormous, but still pale in comparison to the liability associated
with poor part selection," said Paul Evenson, Senior Vice
President, Parts Solutions, IHS. "By leveraging the IHS Fasteners
eCatalog, companies can improve their selection process via time
savings and accuracy, accelerate their parts research and eliminate
the risk of lost production time, and still meet and exceed the
high demands on strict standards conformance." The IHS Fasteners
eCatalog is available immediately. About IHS (www.ihs.com) IHS
(NYSE: IHS) is one of the leading global providers of critical
technical information, decision-support tools and related services
to customers in a number of industries including energy, defense,
aerospace, construction, electronics, and automotive through two
operating segments, Engineering and Energy. We serve customers
ranging from governments and large multinational corporations to
smaller companies and technical professionals in more than 100
countries. Customers rely on IHS offerings to facilitate decision
making, support key processes and improve productivity. We have
been in business for more than 45 years and employ more than 2,300
people around the world. About the Aerospace Industries Association
(AIA - www.aia-aerospace.org) The Aerospace Industries Association
represents the nation's leading manufacturers and suppliers of
civil, military, and business aircraft, helicopters, unmanned
aerial vehicles, space systems, aircraft engines, missiles,
materiel and related components, equipment, services, and
information technology. IHS and IHS Energy are registered
trademarks of IHS Inc. All other company and product names may be
trademarks of their respective owners. Copyright (C) 2006 IHS Inc.
All rights reserved.
IHS (NYSE:IHS)
Historical Stock Chart
From Jun 2024 to Jul 2024
IHS (NYSE:IHS)
Historical Stock Chart
From Jul 2023 to Jul 2024