There is a life cycle mismatch between the life of an electronic component, or semiconductor, and the life of an OEM (Original Equipment Manufacturer) product. This problem requires that during design, engineers must be cognizant of which electronic components and semiconductors will be available, and which parts may be obsoleted during a product’s manufacturing process.
BOM Monitoring is vital due to the rapid growth of the electronics industry, and dramatic changes in electronic components and semiconductors. Changes in functionality, and packaging technologies, are becoming events that occur almost monthly.
Each year hundreds of thousands of electronic components and semiconductors transition to obsolescence. Almost 50% of those products transitioned to obsolescence without the customer receiving a PCN (Product Change Notification) from the component manufacturer. And over 40% of those products, had an immediate Last Time Buy date.
The public’s demand for products with increased warranties only makes the obsolescence problem worse. The high cost of a redesign is an extremely expensive undertaking in which case a parts obsolescence management strategy is crucial.
EDX’s BOM Monitoring service has the technology, data, and experience to make this a deflationary issue for customers by keeping them out in front of any obsolescence in their supply chain. The service is a major departure from how companies have traditionally tried to stay ahead of the mismatch in life cycles. For the 1st time, there is a service that combines the big data technology with experienced product specialists to close the loop in confirming the life cycle status of a device.
EDX’s big data warehouse, consists of over 8 billion rows of current and historical data, on over 25 million unique electronic components and semiconductors. Over 2,000 global suppliers provide daily feeds to the data warehouse. This data is combined with advanced algorithms so customers can easily price, monitor, predict, and confirm the vitality of their BOM(s).
Each BOM is also assigned to an experienced Product Specialist that will monitor and confirm each alert along with a current market recommendation report. This adds the human element into this technology driven service to provide intuition and expert analysis.
The ultimate goal here is to reduce the stress and cost of the mismatch in life cycles for manufacturers. EDX really wanted to introduce a solution that would keep companies on track with always having their best technology performing throughout the entire life cycle of their brand.The author would love your feedback:What has been your experience with obsolescence and the life cycle mismatch?