Working in the Electronics Industry has enough challenges with the constant changes in availability of components. Partstat’s BOM Monitoring system has helped us to alleviate the cost and inconvenience of Obsolescence. Receiving a warning of upcoming changes or discontinuance by the Manufacturers allows us time to place Last/Lifetime Buys and saves us time and costly redesigns.
Keep up the good work, you’re making my job easier!
Partstat has 50 billion data points from over 5,000 manufacturers and authorized channel partners. This data is combined with advanced algorithms so customers can easily Price, Monitor, Predict, and, with our help, Confirm, the lifecycle status of an electronic component.
Partstat will generate a BOM Analysis Report within 72 hours after uploading your BOM. This report identifies the current lifecycle status for each part as Active, Obsolete, NRND, LTB or On Allocation. The report will also provide detailed information on each part including current unit pricing, inventory levels and factory lead times.
The BOM Analysis is a great way to evaluate risk for both obsolescence and allocation before production begins.
Staying ahead of obsolescence is critical for OEM and EMS companies. Each year, hundreds of thousands of electronic components and semiconductors transition to obsolescence. Of these, almost 50% will transition to obsolescence without the end user receiving a Product Change Notification.
In addition to the known impact of obsolescence, there is also the issue of allocation, which can extend lead times often well beyond 16 weeks. This can lead to major production stoppages and delays.
Finally, it is also important to understand the life cycle status conflicts inherent on every BOM. The amount of available data on components is vast, and the interpretation of it is a massive undertaking that usually requires the effort of an entire team of people.
The issue of hundreds of thousands of components being obsoleted each year is mainly due to the mismatch between the lifecycle of an electronic component or semiconductor, and the lifecycle of an OEM product.
Our intelligent automated systems review your Bill of Material every 15 minutes and scan the global marketplace for any changes to keep you in front of any obsolescence issues that may arise.
Allocation can be just as much of a show stopper as obsolescence. Our goal is to make sure you always have a steady flow of inventory to support production and service commitments.
Our predictive algorithms will provide you advanced notice when parts are trending toward allocation. We offer the only solution that monitors for both obsolescence and allocation, giving you the most proactive BOM Monitoring strategy on the market.
One of the most important aspects of our solution is our real-time confirmation of lifecycle status by our team. There is no interpretation on your end, because our team does it all.
Each BOM uploaded is assigned to one of our BOM Specialists. When conflicts occur, which are inherent on every bill of material, your BOM Specialist will provide real-time confirmation of the lifecycle statuses which can be viewed at any time from your online dashboard.