Limited availability, dubious component quality, and conflict mineral laws are common causes of you and your manufacturer’s headaches when it comes to sourcing parts.
That’s why we use the best obsolescence management software in the industry — SiliconExpert. SiliconExpert functions as a database of over 250 million components from thousands of suppliers, including:
- Integrated circuits
“But I already get life cycle forecast data points straight from my component suppliers,” you might be saying. This is an inferior strategy vs. using forecasts based on algorithmic & historical data points from independent electronic component databases.
Instead, SiliconExpert’s database (and other good obsolescence management software) allows you to search for parts and access vital information like obsolescence forecasts, environmental compliance, and inventory data. In short, it’s a one-stop shop for vital component information.
Your Inventory Strategy
A lot of obsolescence goes back to what the customer will allow or accept. Some OEMs want to see full traceability for 20 years. Others simply don’t care what you put on their circuit boards.
Matric has one customer that, whenever it learns a part is going obsolete, will give itself a full 1-2 year window. More specifically, they tell us to run out and get 1-2 years’ worth of that component before the competition snatches them up. By the time the inventory is used up, the demand has settled down and they never run out — and there’s no dip in their ability to sell products.
You’ve got to manage your bill of materials, too. Delaying the minimum investment will hurt you — it’s a matter of paying a little now so you don’t pay a lot more later.
Unfortunately not everyone else is so proactive — or careful.