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There is arguably no greater sign of healthy company growth than news that a company is hiring new employees — and recently, despite a significant electronic component shortage that has strained many an OEM supply chain, one has not had to look hard to see this in the manufacturing industry. According to the U.S. Bureau…
A common misconception regarding obsolescence management is that a single strategy or process can insulate an equipment manufacturer from all obsolescence-based supply chain disruptions. Many solutions on the market may promise this, but it is a promise based on a false premise. There is, at least today, no “one-size-fits-all” obsolescence management strategy capable of being…
Traditionally, equipment manufacturers have viewed obsolescence management as a strategy that requires implementation only when the market explicitly declares it necessary. Through a product change notification (PCN) or other similar channel, the buyer would be notified when a pivot is necessary. Under certain circumstances, this is not necessarily a poor strategy — such a model…
As the electronic component market remains unstable and supply chain disruptions are becoming more commonplace, OEMs have quickly discovered the value of a proven obsolescence management strategy. As a result, several BOM monitoring systems have entered the marketplace, each with its own characteristics and limitations. To show how Partstat BOM Monitoring separates itself from any…
Obsolescence, in some form, impacts each and every industry that manufactures a product to meet the demands of a consumer base. But just as no two products have exactly the same design or function, no two products experience obsolescence in quite the same way. One of the most important factors in understanding how obsolescence will…
The escalating electronic component demand further exacerbated by component manufacturers’ inability to adequately ramp up production appears to have plateaued – and according to one report published by Technology Partners Consulting (TPC). “Based on our findings,” says TPC, “we believe the industry has yet to see a bottom as demand and bookings continue to weaken,…