How Last Time Buys Fit into Each Industry

By Logan Wamsley

Since we first implemented our Last Time Buy Solution, we have preserved over $100 million in working capital for our customers. But while it could be easily assumed that each last time buy was similar in its overall design, in fact the opposite is true. Each case is different, and our solution has the ability…

Reactive Obsolescence Management vs. Proactive BOM Monitoring

By Logan Wamsley

Time is of the essence during the ongoing electronics revolution. Companies in all industries across the board are struggling to stay ahead of the game in this ever-evolving world. It may feel like you’re one step ahead, but, in fact, you’re actually two steps behind. Obsolescence has become an urgent issue which manufacturers are more…

Partstat Critical Inventory Storage Solution FAQ

By Logan Wamsley

The demands of the manufacturing industry have changed drastically in recent years – and in turn, manufacturers’ long-term storage needs have greatly increased in complexity. Through such periods of rapid change, Partstat has remained at the forefront of the supply chain industry. By combining the latest technologies and innovations with valuable industry experience, we have…

A Tale of Two Manufacturers, and the Last Time Buys Between Them

By Logan Wamsley

With the current electronic component shortage crisis, the relationships between OEMs and contract manufacturers are of the utmost importance. Continuing to conduct business as usual is no longer an option. Success can only be achieved by building better relationships across all levels of your supply chain — and if there’s a disconnect, everyone is impacted.…

Healthcare OEMs: A Supply Chain Problem Is Everyone’s Problem

By Logan Wamsley

It doesn’t take much to understand that medical equipment is wildly crucial in our world today. But the prolonged lifecycles of this equipment necessitate a need for regular updates and adherence to long-term service commitments – which are expected to be handled promptly. When a machine breaks, time is of the essence. Our OEM customers…

Reactive vs. Proactive Obsolescence Management Strategies

By Logan Wamsley

While all obsolescence management strategies have the same goal of ensuring the lifecycles of OEM products despite any unforeseeable disruptions, they are not all alike. Now, just because each strategy may be different in form, that does not mean they differ in terms of importance. It is unwise to consider any such strategy as “one-size-fits-all,”…