When an OEM or EMS provider decides to adopt a Bom Monitoring service into their supply chain, what do they expect to receive? And once it has been received, does it really provide what today’s supply chain requires?

If we are discussing the vast majority of offerings currently available, the answer is relatively simple. With a quick scrub, these BOM monitoring services allow the OEM a glimpse at the marketplace for each electronic component or semiconductor in their product design. This is an incredibly useful tool for setting an initial budget, and OEMs and EMS providers have been quick to take advantage. But as the manufacturing industry continues to evolve and new challenges arise, such as the ever-widening lifecycle mismatch between electronic components and OEM products, a brief snapshot of the market is no longer enough to ensure business continuity for the length of time manufacturers now require. Pricing the BOM is still relevant and required, but to combat increasing rates of component obsolescence and allocation, manufacturers now require more from their BOM monitoring service.

Historically, these services have been slow to meet the needs demanded of them – and in response, many manufacturers have taken matters into their own hands, compiling and analyzing vast pools of market data in-house to plan accordingly for issues relating to component obsolescence and allocation.

This method presents several problems; not only does such an undertaking require significant investments into personnel and data analysis systems, but it also risks the OEM or EMS provider not taking the appropriate time to concentrate on the present. The conception, design, assembly, and distribution of an innovative new product is an all-consuming effort, and any resource taken away from that effort has the potential to upend the carefully-implemented systems that brought the manufacturer success to begin with.

Predict. Monitor. Confirm.

When Partstat sought to present a Bom Monitoring Solution to the supply chain marketplace, we paid careful consideration to not just what is expected from such a service, but to what other such services are not providing their customers. Other services are not using advanced algorithms to predict component allocation and ensure a steady flow of critical inventory throughout the lifecycle of a product. Other services are not monitoring for obsolescence in a real-time model that updates customer BOMs every 15 minutes. And other services certainly do not offer a live team of BOM specialists who can confirm the lifecycle status of any standard component without the customer needing to contribute a single additional resource.

Predict. Monitor. Confirm. Today’s manufacturers are required to accomplish these three things as they relate to obsolescence, allocation, and the lifecycles of the critical electronic components required to assemble their products – even when there are limited options available to do so.

So, while other solutions have continued to stay the course without addressing the needs customers now require, we decided to make these needs the foundation of our BOM Monitoring Solution.

We predict allocation, we monitor for obsolescence, and we confirm the lifecycle status of each electronic component contained in your bill of material. These are the solutions today’s manufacturers require, and we are the only supply chain partner who proudly offers all three.

For more information about our BOM Monitoring Solution and the 50 billion data points that power it, click here.

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