Studies have shown that a mid-sized electronics manufacturing company may spend in excess of US$500,000 a year managing unplanned obsolescence issues. Rarely do companies analyze the costs incurred on this account.
We have been working with few large companies providing value added services and resources in managing the part obsolescence with well defined processes, methods and tools to nullify to a great extent, the effect of part obsolescence on the company. Used on an ongoing basis, we not only help you identify when there is a problem but also help you with solutions!
Our obsolescence management services include:
Component Event Monitoring Services
All critical changes, whether they are related to lifecycle, electrical specifications, mechanical dimensions, material composition or others, are tracked and delivered to customers. The impact analysis of each change on engineering, supply chain, production, quality or maintenance is also provided as a value-added service. These services are fully customized to match specific customer needs and are designed to deliver alerts at a frequency required by the customer, making the service flexible and easily adaptable to customers’ internal processes and systems.
Part Obsolescence Management
Part obsolescence management services from Enventure deliver a proactive component lifecycle monitoring and reporting facility, which is comprehensive in nature. We also provide clients with support for managing obsolescence events efficiently, by helping them identify alternate parts, doing impact analysis, redesigning boards and providing similar support services.
Component Cross Reference
Ensuring that the parts used in designs have multiple sources is important for an OEM and Enventure’s component cross referencing services deliver exactly that. In many cases, even unearthing existing cross reference parts within a customer’s existing database are part of our responsibility. Most component manufacturers and distributors also utilize our cross reference services to identify alternatives in customer Bills of Materials and create up-sell/cross-sell opportunities.