Understanding the True Definition of Obsolescence Management

By Logan Wamsley

It is widely understood that “obsolescence” as it relates to the manufacturing industry is defined as the transition of electronic components toward end-of-life. There are many reasons this could occur – some as the result of a component’s natural life cycle, others as the result of unforeseeable circumstances – but regardless of precisely why it…

The Financial Toll of Last Time Buys on OEMs

By Logan Wamsley

Last time buys will always be the central concern of every successful obsolescence management strategy. BOM monitoring gives OEMs the tools needed to stay ahead of obsolescence, proper long-term storage infrastructure gives them the means to maintain end-of-life inventory post-obsolescence, and the implementation of die and wafer banking into their product designs allows them to…

The Human Element: Your Supply Chain’s X Factor

By Logan Wamsley

Steve Jobs once said, “Technology is nothing. What’s important is that you have a faith in people, that they’re basically good and smart, and if you give them tools, they’ll do wonderful things with them.” Obviously, Jobs was not discussing the merits of Partstat, but he might as well have. Since 1991, our company has…

Why Does the Life Cycle Mismatch Between Products and Components Exist?

By Logan Wamsley

Consumers browsing the shelves at your local retailer rarely glance behind the curtain and see how their buying habits affect all levels of the manufacturing supply chain. It’s a fascinating story to tell, and one that has profound implications for the future of not just the manufacturer supplying product to retailers, but for the component…

5 Challenges OEMs Face Making Last Time Buys

By Logan Wamsley

As the overall lifecycle of components grows shorter by the year, last time buys (LTBs) are quickly becoming the new normal for OEMs across multiple industries. To keep a product in production for its entire lifespan, manufactures must find a way to work around the lifecycle mismatch between components and the products they create. (To…