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In a traditional supply chain, OEMs take a decidedly reactionary approach toward component obsolescence. Detailed procedures such as a last time buy solution may be in place to help their supply chains pivot to avoid disruption, but even the most sophisticated strategy designed to mitigate the effects of obsolescence does little to get to the…
The act of saving working capital is a critical piece of any OEM’s long-term strategy, and it’s a common indicator for how well positioned the company is for future success. It also represents a failsafe that can be tapped to help the OEM overcome significant disruptions that may occur – including supply chain disruptions caused…
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,”…
The EOL designation granted to an electronic component approaching obsolescence used to have a certain meaning to OEMs. It indicated that the component was ending its natural buyer cycle, that customer demand had slipped beyond the point of being profitable, and that it was time for the supplier to move on. It was a designation…
OEMs across the globe in nearly every imaginable industry, in some capacity, feel the impact of obsolescence on their supply chain. The reasons for the discontinuation of critical electronic components are varied, but regardless of the many forms obsolescence takes, there remains one true constant: It is an issue that no amount of oversight or…
With the current component shortage and obsolescence challenges present in today’s manufacturing climate, transparency is needed now more than ever. Transparency not just regarding knowledge of where components originated, but transparency in all aspects of supply chain management. Here are three tips you can implement today to help your company accomplish this. 1. Communication Is…