Tips for Managing Excess at Financial Year-End
The end of the financial year, or fiscal year as some call it, can be stressful for electronic manufacturers.
The end of the financial year, or fiscal year as some call it, can be stressful for electronic manufacturers.
Buyers of electronic components choose Component Sense for many reasons. Two of our major appeals are our unique 100% anti-counterfeit guarantee and promise of quality. Yes, we only source products from large OEM (original equipment manufacturer) and EMS (electronic manufacturing service) companies that already have high levels of safety built into their supply chains. But this traceability only scratches the surface of why buyers choose Component Sense with confidence.
Silicon Valley. The “Tech Mecca”. Home to America’s first trillion-dollar company, Apple.
Research by Kearny of the high-end technology manufacturing industry found a 53% increase in total inventory levels between 2019 and 2022. The impact of COVID-19, among other supply chain disruptions, saw top companies in this segment accumulate more than $250 billion in inventory. A lot of these parts could now already be classified as excess and obsolete (E&O) stock.