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OEMs across the globe in nearly every imaginable industry, in some capacity, feel the impact of obsolescence on their supply chain. The reasons for the discontinuation of critical electronic components are varied, but regardless of the many forms obsolescence takes, there remains one true constant: It is an issue that no amount of oversight or…
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…
With their reputation as of one of the world’s premier tech innovators to uphold, GE holds its supply chain partners to the same level of accountability it holds itself to. This is especially true with regards to the sourcing of the electronic components, which are responsible for powering the GE products customers around the world…
One doesn’t have to try hard to recall the earthquake and tsunami disaster that befell the coast of Tohoku on March 11th, 2011. In addition to the 15,894 confirmed people who lost their lives, 120,000 buildings were destroyed, 278,000 were half-destroyed, 726,000 suffered partial damage, and the total economic damage could be valued as high…
Historically, BOM Monitoring services have been used to help original equipment manufacturers, or OEMs, react to obsolescence in electronic components when it occurs. Upon confirmation of a critical component’s or semiconductor’s end of life, manufacturers would then either initiate a last time buy to secure sufficient inventory to support the entire life cycle of their…
Partstat recently purchased Last Time Buy (LTB) inventory on behalf of GE Oil & Gas, subsidiary of General Electric. With one agreement, GE Oil & Gas managed to preserve working capital for that quarter while saving significant administration costs, storage and handling costs, and distribution costs over a 10-month period. As GE Oil & Gas…