Effectively Manage Material Obsolescence to Avoid Costly Surprises
On-demand Web Seminar
This webinar describes the solution that allows complete management and control for companies to optimize their business performance, where commitment needs to be made to provide products with extended supply contracts to customers, specifically with respect to effective management of material obsolescence.
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
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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