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Supply Chain Relief Does Not Come Without Risk Since the beginning of the COVID-19 pandemic, much of the news coverage regarding global supply chains has centered around inventory shortages, particularly in the electronics sphere. For 2024, however, that narrative seems to be shifting at least temporarily from inventory shortages to overhang inventory. While this state…
Although the global supply chain has a long way to go to reach pre-pandemic recovery, there are some notable signs that indicate the situation appears to be stabilizing. According to a report from logistics company Flexport, the time it takes as of July 10, 2022 for goods transported on an ocean freight to reach port…
For over 25 years, Partstat has offered their valued customers solutions for managing excess inventory. Recently, Harris Corporation reached out to Partstat to provide exactly that. Founded as a humble printing press company in 1895, Harris has evolved in the past century into one of the most powerful telecommunications companies on the New York Stock…
In an effort to reclaim a portion of their working capital tied up in excess inventory, Fortune 500 company and healthcare industry trailblazer Baxter International recently sought the expertise of Partstat.
It’s becoming increasingly important to leverage big data in day to day supply chain activities like selling excess inventory, searching for obsolete or replacement parts and even monitoring the critical parts on your BOM (bill of materials). Selling excess inventory can be cumbersome. The demand sometimes isn’t there for electronic components that are left over…
Running a supply chain operation comes with a great deal of the unexpected. For years companies have tried to optimize and streamline their supply chains, only to have the littlest frustrations pop up in the most untimely manner. And when I say the littlest thing, I mean something as small as a duplicated spreadsheet, or…