Component Sense Blog

The end of the financial year, or fiscal year as some call it, can be stressful for electronic manufacturers.

Many electronic manufacturers put excess and obsolete (E&O) component stock in the ‘too-hard’ basket. These companies are missing out on an extra revenue stream. Plus, failure to act means they are contributing to global electronic waste (e-waste) pollution. 

The e-waste produced worldwide each year is worth over $62.5 billion. A tonne of e-waste contains 100 times more gold than a tonne of gold ore. Gold is just one of many precious metals used in microchips. 

There is money to be made with excess inventory, so where are companies going wrong? 

Forget joining a gym or starting a new hobby; for many electronic manufacturers, one of the best New Year’s resolutions they can commit to is assessing their excess and obsolete (E&O) component stock. The new year presents the opportunity for a fresh start to make your business more efficient, profitable, and sustainable. 

Sit and think about this ancient Chinese proverb for a minute. There are probably many areas of your personal life where this saying holds weight. At Component Sense, we believe this profound Chinese proverb also has implications for our electronic manufacturing industry.