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One of the most significant features of all of Partstat’s obsolescence management solutions — BOM Monitoring, Part Search, Excess Inventory, and API — is our access to Big Data. Through the inventory uploads from thousands of manufacturers and authorized suppliers, Partstat allows our users access to over 50 billion points of Big Data. This provides…
When finances enter any discussion regarding obsolescence management strategies, it usually takes one of two forms: the price of obsolescence management, and the potential cost of not implementing such a strategy. Both forms, while critical to consider, rarely elicit genuine excitement from the OEM’s perspective. Not unlike typical consumers choosing insurance plans, it can be…
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…
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…
There is little doubt that our Last Time Buy Solution is one-of-a-kind in the electronics manufacturing industry, and as a result of this, we receive a lot of questions regarding how it works exactly. What is it? What makes it unique? What limitations does it have? To help alleviate these concerns, we have compiled a…