There is a life cycle mismatch between the life of an OEM product and the life of an electronic component or semiconductor. This mismatch requires that during design, engineers are aware of which components may be available and which components may be obsoleted during a manufacturing process.
Each year hundreds of thousands of components transition to obsolescence. Almost 50% of these components will transition to obsolescence without the OEM receiving a Product Change Notification. And over 40% of the components that are obsoleted each year, have an immediate Last Time Buy date.
Through our Bill of Material Monitoring Solution, we have the technology, data and experience to make this a deflationary issue by keeping our customers out in front of any obsolescence in their supply chain. Our service is a departure from how companies have traditionally tried to manage the mismatch in life cycles.
We combine the big data technology with experienced product specialists to close the loop in the mismatch, by confirming the life cycle status of a component, in a real-time model.
Our big data warehouse consists of over 8 Billion rows of current and historical data on over 25 Million unique electronic components and semiconductors. 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 Life Cycle status of an electronic component.
Each Bill of Material is also assigned to an experienced Product Specialist who will confirm each alert and provide a real-time recommendation report on each component, at the point of prediction or notice.
This adds the human element into this technology driven service that provides intuition and expert analysis, when customers need it.
Our ultimate goal, is to reduce the stress and cost associated with the mismatch in life cycles for our customers. We provide a solution that will keep our customers on track with always having their best technology performing, throughout the entire life cycle of their brand.