Setting the Aerospace Supply Chain Up for Success After COVID-19

By Logan Wamsley

The future of the aerospace industry and its supply chain coming into 2020 was bright, but no one could have predicted how much would change in just a few short months. Virtually every major industry experienced significant challenges in the peak of the COVID-19 pandemic, but few were quite as widespread or highly publicized as…

Semiconductor Scarcity Proves Automakers Need Supply Chain Solutions

By Logan Wamsley

It was not a surprise that the electronics manufacturing industry faced sizable challenges in the first quarter of 2020 following the series of global lockdowns brought on by the COVID-19 pandemic. What was a surprise, however, was the rapid demand that materialized following the market recovery near the end of the year, far outpacing supply…

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…