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With the help of 50 billion points of Big Data acquired from thousands of suppliers who upload their inventory to our platform, Partstat’s BOM Monitoring Solution allows us to not only accurately identify which components are transitioning toward obsolescence, but accurately predict obsolescence before it occurs. With the help of a status rating for each…
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…
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…
In a traditional supply chain, OEMs take a decidedly reactionary approach toward component obsolescence. Detailed procedures such as a last time buy solution may be in place to help their supply chains pivot to avoid disruption, but even the most sophisticated strategy designed to mitigate the effects of obsolescence does little to get to the…
In 2016, Broadcom announced their intentions to acquire NXP Semiconductors for a whopping $44 billion. At the time, it was the largest single acquisition the electronic components industry had ever seen – and although the merger was cancelled in July of 2018, for a time it provided an appropriate capstone for what has very much…