Component Sense Blog

Tag: Six Sigma

EMS Finance Directors: How to turn your E&O stock back into cash with our tailored In-Plant solution

EMS Finance Directors:  How to turn your E&O stock back into cash with our tailored In-Plant solution
Is your senior management team committed to driving down excess and obsolete inventory levels? Read on to find out how we can help as Kenny McGee, CEO of Component Sense, highlights how to turn your E&O stock back into cash. Management awareness of the impacts of excess or obsolete (E&O) inventory is vital. Recently the US Supply Chain Resource Cooperative identified a number of characteristics associated with a properly developed excess and obsolete (E&O) inventory strategy published on 20 April 2018 in EPS News. The most obvious of which is.... E&O should be viewed as pure cash. Source: Excess &...

Component Sense launch the ultimate inventory management tool

Component Sense launch the ultimate inventory management tool
We are challenging you to think about your excess stock in a new way. We are not talking about your traditional E&O products that you have no further use of, but your MRP excess. Stock that is excess because you no longer need it usually accounts for around 1% of revenue. MRP excess, stock that you will use eventually but do not need right now tends to range from 3 - 10% of revenue. In a perfect world of "just in Time" of course there is no such thing, however, in the real world this is waste that can now...

Poor quality control leads to suspicion of counterfeit products...

Poor quality control leads to suspicion of counterfeit products...
If the chip manufacturers cannot produce products with consistent quality it really makes a distributors life difficult. You would expect exceptional levels of quality control throughout the manufacturing process of a six sigma (statistically) integrated circuit manufacturer. Wouldn't you? In the fight against counterfeit electronics we leave no stone unturned even when buying verified traceable stock. Here's an example of an ST Microelectronics part where the quality of the product label brought into question the quality of the parts. We received 2 lines of the same part number with 1 week between their date codes: Date code 1502 seal date...

White Paper - Lean Manufacturing and Supply Chain Solutions

White Paper - Lean Manufacturing and Supply Chain Solutions
Overview Lean Manufacturing is a concept which is largely derived from the Toyota Management System. The implementation of the associated techniques aligned with a philosophy of Sustainable Continuous Improvement is necessary to any Manufacturing organisation which would like to be considered World Class. The main Lean principals have been adopted and applied to manufacturing processes the world over and these principals are now commonplace in all blue chip companies. As such lean should not be considered to be a program or short term cost reduction project, but a total mindset, a culture and the way the company thinks and operates....

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