Glossary
What is a component?
In industry, a component is a functional element that is part of a larger system, such as a product, machinery or plant. Components can be mechanical, electrical, electronic, or software, and are designed to perform a specific task within a complex assembly. Their proper selection, configuration and integration is crucial to ensure the operation, reliability efficiency of the entire system.
How Var Industries can facilitate companies
Var Industries supports companies in managing components throughout the product life cycle, from design to production and beyond. The proposed software solutions-including PDM, PLM, and integrated design tools-enable the selection of suitable components, management of centralized libraries, verification of compatibility and technical constraints, and optimization of procurement through integration with ERP and costing systems. Furthermore, tools such as the Valor Parts Library (VPL) provide access to over a billion up-to-date electronic components, reducing the risk of obsolescence and improving design quality.