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50 DESIGN007 MAGAZINE I JULY 2022 real-time component sourcing data so they can make more informed part decisions when the cost of change is lowest. 2. Intelligence: is phase will further apply the insights from component sourcing knowledge and couple it with part intelli- gence to empower more informed actions and workflows across the enterprise that solves for both cost and risk. is allows the enterprise to adapt quickly to supply disruptions. 3. Optimization: is phase will deliver a full closed-loop component management digital twin with built-in traceability, com- prehended manufacturing experiences, and AI-driven analytics so that the most optimal decisions are made at every point of technical or business decision. Today, Siemens EDA is currently empower- ing engineers and teams with the knowledge: • Cloud connected access to real-time component sourcing knowledge from approximately 100 suppliers at the point of design entry: › Component pricing › Availability › Compliance › Lifecycle • Links to component supplier datasheets • Alerts to potential risks While the knowledge phase is available today, work is already underway for the intelli- gence and optimization phases which are soon to follow. Stay tuned for future columns as well as LinkedIn activity regarding the evolution of supply chain resilience. As stated in part one, the promising and effective solutions that are key to supply chain resilience are based on a three-phase approach that will transform organizations and shi supply chain resilience to the point of design, allowing companies to optimize not only their systems design process but also every link to the stakeholders in the global electronics value chain. By uniting the value chain with the engineer's desktop, system design companies will see higher levels of digital transformation and the greater profit- ability that will result as they are empowered to realize, with confidence, the challenges of tomorrow's designs today. DESIGN007 Stephen V. Chavez is senior product marketing manager, Siemens EDA, and chairman of PCEA. To read past columns, click here. Figure 4: Keys to resilient design.