The Best Obsolescence Management Strategy Still Comes Down to People

By Logan Wamsley

Much has been said in the news recently regarding supply chain automation finally reaching the potential analysts predicted decades ago, which has prompted intense discussions regarding obvious production benefits against the threat they pose to long-established factory positions. By 2030, some experts estimate that over 70 million of these jobs could be in jeopardy —…

Understanding the True Definition of Obsolescence Management

By Logan Wamsley

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…

The 4 Most Common Mistakes Associated with Last Time Buys

By Logan Wamsley

Last time buys, even in the best of situations, rarely go smoothly. There are dozens of variables in play – and if one miscalculation is made, it could have profound consequences for your product, business, relationship with consumers, and profit margins. If you are prepared to make a last time buy, below is a brief…

Excess Inventory Recovery

By Michael Stratton

Excess inventory?  Of course…everyone has it.  But, the question is, what are you doing with it?  We need to face one fact in this post, and that is most all OEM and CM companies do not have a dedicated employee for handling excess inventory.  In fact, this important aspect of the business usually gets added…