Price Your BOM In Seconds
BOM monitoring is a crucial aspect of any build. You need to be prepared when you receive a PCN (product change notification) or an EOL (end of life) notice. There is also the issue of making a Last Time Buy which can be a headache all in itself. But, what if there were more benefits to your traditional BOM monitoring than just flagging alerts, or obsolete parts? What if there was a place where you could search, buy and sell, improve your margins, and price your BOM? Well, there is such a place and it’s called Partstat.
Partstat was designed to make the experience of searching, selling and buying components better and more beneficial. In fact, it’s the only search engine that validates your decision when buying or selling parts. Utilizing big data, and we mean BIG…like over 8 billion rows of historical data big, Partstat is able to tell you whether it’s a buyers or sellers market. Having all of this at your finger tips not only helps you make informed decisions about what to do with your inventory, but it helps you potentially increase your margins. Another great tool, and probably the one that raises the most eyebrows, is the systems ability to price your BOM in seconds. Our technology and big data is able to present you with an estimate of the price for your bill of materials in just a few short seconds. Imagine having that information at your disposal for production or service needs and the ability to share that pricing with colleagues. Not only that, but if Partstat is monitoring your BOM, the service comes with a dedicated BOM product consultant that will advise you on obsolescence issues, and other supply chain recommendations.
You might have seen companies that monitor parts or maybe even your entire BOM, but we’re pretty you’ve never seen a one stop shop like this. Its a good idea to practice good and planned habits when it comes to your supply chain. Why not be a part of something that takes the wheel for you and validates your decisions to give you piece of mind. Check it out: www.partstat.com
What is your biggest supply chain issue?