How Much Value Can Your Free Excess Inventory Analysis Uncover?

By Logan Wamsley

The financial loss from excess inventory is a supply chain inefficiency largely viewed as unavoidable, with the security of guaranteeing a steady stream of critical inventory throughout a product’s lifecycle worth the impending write-off. That’s why when a project manager is determining where their company’s supply chain can be improved or streamlined for future undertakings,…

Poor Returns on Your Excess Inventory? Big Data May Be the Solution

By Logan Wamsley

Some technological breakthroughs cannot be defined by a specific industry. Their applications are so vast that each day inquisitive minds seem to discover new ways to use them, raising their entire industry with the tide and pushing society even further toward an exciting, limitless future.   Big Data, without a doubt, is among the most…

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…

The Secret to Maximizing ROI on Excess Inventory

By Logan Wamsley

The largest equipment manufacturers in the world did not reach their position of industry influence without the ability to market their products to a desired audience. It’s not uncommon for experienced marketing teams to spend years building a detailed profile on their company’s consumer base. No detail in these profiles is too specific, and the…

Partstat Last Time Buy Solution vs. Standard Last Time Buy

By Logan Wamsley

Since its launch, we here at Partstat have worked diligently to highlight the many benefits our Last Time Solution can have for an OEM and the other companies that make up their supply chain. But while we can reference these benefits in many different ways (case studies, videos, hypothetical scenarios, etc.), without a baseline to…