Partstat Excess Inventory Solution FAQ

By Logan Wamsley

Ensuring that the critical electronic components on your bill of material are readily available is an important element of any successful obsolescence management strategy, but it is not the only element. Equally important is the ability to easily transition from one product lifecycle to another without taking on added burdens caused by excess inventory. Not…

The Opportunity Costs of Excess Inventory

By Logan Wamsley

The common industry rule of thumb for excess inventory is that for every year it sits in warehousing, it can cost your company 25-30 percent of the inventory’s original value. Such costs include basic service and handling costs (handler wages, handling equipment, power and climate controls, etc.), as well as the costs of associated taxes…

How Much Value Can Your Free Excess Inventory Analysis Uncover?

By Logan Wamsley

The financial loss from excess inventory is a supply chain inefficiency largely viewed as unavoidable, with the security of guaranteeing a steady stream of critical inventory throughout a product’s lifecycle worth the impending write-off. That’s why when a project manager is determining where their company’s supply chain can be improved or streamlined for future undertakings,…

Poor Returns on Your Excess Inventory? Big Data May Be the Solution

By Logan Wamsley

Some technological breakthroughs cannot be defined by a specific industry. Their applications are so vast that each day inquisitive minds seem to discover new ways to use them, raising their entire industry with the tide and pushing society even further toward an exciting, limitless future.   Big Data, without a doubt, is among the most…

The Secret to Maximizing ROI on Excess Inventory

By Logan Wamsley

The largest equipment manufacturers in the world did not reach their position of industry influence without the ability to market their products to a desired audience. It’s not uncommon for experienced marketing teams to spend years building a detailed profile on their company’s consumer base. No detail in these profiles is too specific, and the…

3 Simple Proactive Strategies to Minimize Excess Inventory

By Logan Wamsley

Even the most detailed, analytics-based prediction models available to manufactures today cannot fully eliminate the persistent issue of excess inventory. This is a statement OEMs and their EMS provider counterparts know well, and likely live with producing each and every product in their line. In one respect, excess inventory is the result of choosing the…