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Effectively Manage Material Obsolescence to Avoid Costly Surprises

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Overview

The trade-off is the financial exposure of massive amounts of up-front material purchase versus the risk of the consequence of running short of key materials while under commitment to supply. Factors including the knowledge of accurate inventory, the ability to qualify alternate materials and sources, the ability to control the implementation of alternatives need to be controlled. The immense burden of material investment, storage and ultimate risk of write-off is likely to be the most significant cost of doing business. These can be avoided through more detailed management of material across the whole operation.

What You Will Learn

  • What enhancement is required for ERP to effectively manage material obsolescence
  • The ways to reduce the up-front cost of material purchase for products requiring life-time guarantee of supply
  • How advanced component qualification can reduce the risks associated with alternative materials, offering more flexibility to decide which materials really need to ordered in advance

About the Presenter

Presenter Image Michael Ford

Senior Marketing Development Manager, Valor Division, Mentor Graphics

Michael started his career as one of the earliest adopters of computer systems for electronics manufacturing, working for Sony initially as a system development engineer, going on to manage Sony’s corporate global Lean Manufacturing MES project, “TiMMS”, in Japan.

With over 25 years’ experience, Michael continuously drives the vision to bring unique exciting “real-world” solutions that deliver extra-ordinary value into the market. Michael is currently responsible for the Marketing Development group focussing on the realisation of the vision as direct benefit opportunities to customers including efficiency, agility, “Lean” and the environment, culminating in the Valor MSS product suite.

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