The costs of last time buy inventory go far beyond the initial cost to acquire it; in fact, according to a recent survey of equipment manufacturers, the annual costs of carrying inventory alone are, on average, greater than 21% the original cost of the product. Despite this reality however, the need to acquire last time…
Contract electronics manufacturers, especially in today’s environment, struggle with cash flow issues. The COVID-19 pandemic has only exacerbated the need for businesses to free up what limited capital they have on hand to not just meet their production goals, but to implement critical safety measures to keep their employees safe. “[I]n a time like this,…
Commitment to purchasing last time buy (LTB) inventory can be a sticky subject matter between an OEM and their contract manufacturer. In many cases the need for LTB inventory can be a sudden, unexpected expense, and one that both parties are often unequipped to handle. This is particularly true for contract manufacturers, who often operate…
Original equipment manufacturers (OEMs) are not the only entities who benefit from the many solutions offered by Partstat. When leveraging Partstat solutions, contract manufacturers are poised to see significant improvement in their own processes and in relationships with OEMs. To help illustrate this, we have compiled a brief list of frequently asked questions we’ve received…
There is very little understanding as of now to just what the long-term effects of COVID-19 will be for supply chains, and more specifically, supply chains as they relate to component manufacturers (OCMs). Recent news has been somewhat positive as many component manufacturers prepare to resume production, but resuming at full capacity is largely out…
As the COVID-19 pandemic continues to ravage American lives, Partstat customer GE Healthcare has been hard at work manufacturing ventilators to support the life-saving measures healthcare technicians are providing across the country. According to GE Healthcare, overall ventilator production in their Madison, Wisconsin plant has doubled, and it anticipates building 50,000 ventilators by July. This…
