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…

Excess Inventory: The Case Against Premature Lot Bids

By Logan Wamsley

Excess inventory isn’t something that many of our customers like to talk about at first, but especially considering the current state of the market, we think it’s a conversation that needs to be had. We are currently experiencing the longest and largest electronic component shortage since the turn of the century, but despite market demand…

Exploit the Electronic Component Shortage with Excess Inventory

By Logan Wamsley

Excess Inventory. This is a crucial dilemma that arises in every company, and it negatively impacts the profitability of OEM and EMS companies in a plethora of ways. It is critical to sell this inventory as quickly as possible because your ROI decreases as time slips by. Excess inventory always seems like a hassle to…

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 and obsolete 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…

The Benefits of Partstat’s Open-Source Big Data Platform

By Logan Wamsley

So much of what Partstat offers our users is rooted in our access to Big Data. As an acclaimed Big Data platform, we consist of, as of this writing, over 9 billion rows of current and historical data on 20 million parts sourced from over 3,000 unique manufacturers. In our BOM Monitoring Solution, Partstat provides…