The Need for ROIC: How Partstat Works to Save OEM Working Capital

By Logan Wamsley

The costs of last time buy inventory go far beyond the initial cost to acquire it; in fact, according to a recent survey of equipment manufacturers, the annual costs of carrying inventory alone are, on average, greater than 21% the original cost of the product. Despite this reality however, the need to acquire last time…

Aerospace OEMs Are Facing a Working Capital Crisis – This Can Help

By Logan Wamsley

Most aviation-related manufacturers run at tight margins even in the best of times, so the shock of the COVID-19-related shutdown of many supply lines has been difficult to overcome, to say the least. It is worth noting that the current crisis also comes at a time when aviation manufacturing is already struggling. Parts suppliers, component…

The Connection Between BOM Monitoring and Last Time Buys

By Logan Wamsley

The inventory procurement process in the middle of a production run for most manufacturers moves so fast that many engineers do not stop to consider exactly how the process is typically structured. Rather than viewing the process as a singular event, it instead can be broken down into a three-step process: notification, inventory discovery, and…

Raw Material Shortages Will Prompt Last Time Buys

By Logan Wamsley

If asked what determines the manufacturing cost of an electronic component, many might be surprised to discover that the most capital is spent during raw materials acquisition. This holds particularly true for passive components such as multilayered ceramic chip capacitors (MLCCs), which incorporate a variety of materials into their designs including nickel, copper, aluminum, zinc,…