What are you most challenged with regarding obsolescence management?
We recently asked our LinkedIn followers what they are most challenged with in mitigating obsolescence. More than 45% of voters shared “finding a trusted source for their parts” was what kept them up at night the most.
It’s no surprise that in this age of disruption and supply chain vulnerabilities, having a trusted source of parts is a top concern. Sourcing obsolete components can open yourself up to higher risks of counterfeits and substandard parts.
Converge is a connected distributor with over 40 years of experience in the industry. We have a global network of trusted suppliers and a quality assurance program that adheres to the strictest international standards.
When looking for trusted sources, the key considerations to finding a reliable partner are:
- Strict vendor management. A trustworthy ECD (electronic component distributor) will research and pre-qualify its vendors to ensure that the product is procured from only safe and reputable sources.
- Rigorous quality inspection process. Quality inspection is an essential function in the quality management process to ensure that all counterfeit and substandard components are stopped before going on to design manufacturers.
- Continual training programs. Electronic component distributors should be committed to the continuous improvement of their quality processes.
How can companies ensure each of these challenges are addressed? What are the best practices for managing obsolescence?
Join Converge and the Future of Obsolescence Management community this September for our in-person conference, with this year’s theme: Regaining Control in the New Supply Chain. Learn from industry peers and get a head start on how your company can better manage obsolescence. This event will include interactive workshops, guest speaker talks, partner showcase, and strategic meetings.