Tag: traceability

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If you are in the electronics component industry, you might be surprised to see our company advertising ‘legacy stock’ inventory. The electronics industry is constantly evolving, with new more efficient, smaller, and faster components entering the market at a rapid pace. So, why would Component Sense actively hold and promote legacy stock? We define legacy stock as including any components older than ten years old. By holding on to these older parts, we at Component Sense can cater to certain valued customers. For example, our partners in the international automotive, military, and governmental industries often rely upon an older selection...

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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 &...

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A Certificate of Conformity (CoC), also known as Certificate of Compliance, is a declaration from a supplier stating that the referenced product complies/conforms to all requirements, standards and/or specifications. A CoC assists with traceability of a product and offers reassurance which is vital in safeguarding your supply chain from counterfeits. Typically less than 1% of our customers request CoC's when ordering products which perhaps shows the lack of importance placed on having this paperwork. At Component Sense we verify all CoC's during our incoming inspection process although delivery notes from authorised sources such as manufacturers and franchise likely add as...

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Counterfeiting operations are getting more sophisticated around the world. If you end up buying counterfeit products as a manufacturer the risk is the integrity of your product. Your product could hit the marketplace with a potentially inferior device within it which could result in early failure and product recalls with huge costs to your company. The consequences could be catastrophic and must be avoided at all costs. You can imagine in the military, if you are handling radar or navigation systems or running aircraft, for instance, the risk of using counterfeit products would be potentially life threatening. Over and above...

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The negative impact of the counterfeit threat has hit OEM and EMS companies hard. For many, cost reduction through clever sourcing is no longer an option as it is deemed too risky. How did this happen? I started out in the electronics business 32 years ago serving my time as an engineer in the Aerospace sector. Much later, when I joined one of the world's largest Franchised Distributors in 1999 I began to realise that every company I dealt with had a few "brokers" up their sleeve. This allowed them to make PPV or savings on their BOM cost. At...