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.
Partstat is our Big Data platform that consists of over 8 Billion rows of current and historical data on over 25 Million unique electronic components, semiconductors and peripheral products. This data from over 2,000 global suppliers is then combined with advanced algorithms so customers can easily Price, Monitor, Predict, and, with our help, Confirm, the lifecycle status of an electronic component.
Monitor Obsolescence –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.
Through the Partstat platform, 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.
Predict Allocation – 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 through Partstat 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.
Confirm Lifecycles – 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.
Partstat will generate an Initial BOM Analysis Report within 72 hours after uploading to the system with the current state of your BOM. This report identifies the current lifecycle status for each part such as Active, Obsolete, NRND, LTB or On Allocation. The report will also provide detail information on each part including current unit pricing, inventory levels and factory lead times.
The Initial BOM Analysis is a great way to evaluate risk for both obsolescence and allocation before production begins.
Our solution also provides customers access to the Partstat Pricing Estimator. With this tool, customers can price multiple BOMs in seconds, share with colleagues, use it for bidding a job, or even get a rough estimate on product development.