Are you currently encountering uncertainty in the area of electronic components? Consider establishing a life-time buy with an electronic parts supplier you trust.
In 2019, the trend of purchasing electronic components started to return to the norm – instead of the previous pattern of increasing. There is a rise of critical high-reliability electronic components being considered obsolete. Changes have been arising with an array of mergers and acquisitions that have taken place by electronic component manufacturers.
Due to these changes, competing product manufacturers are now under one name. This leads to a cutback in component lines producing electronic parts that companies have built their products around. OEMs (Original equipment manufacturer) can be threatened by this situation putting whole product lines at risk.
Despite these unwanted changes there are ways to keep high-reliability products available, even if it takes some extra steps – there are cost efficient ways to manage the threat of discontinuance.
Electronic Parts Coming to an End
Product lines can be eradicated in a short amount of time, making companies act fast in ordering parts before they’re discontinued. Sometimes there is only a few months left to order the last of the parts, which makes trusting the electronic components supplier extremely important.
Now comes into play the option of a lifetime buy, which is the process of purchasing discontinued Components or Products to span Product Life or Support Life requirements. Now the question arises of how it can be a good solution to an End-Of-Life situation.
Lower the Risks of Lifetime Buying
In order to protect the survival of your product line, a lifetime buy might be in order. If an EOL situation occurs, it’s the time to take action in purchasing the components. Although, it’s not to be taken lightly because of the scale – it’s a major business decision.
After the purchase is made, there are factors to consider, such as long-term storage for carefully managed stock. Certain standards should be met by a potential lifetime buy partner – Are they able to handle a large scale purchase?
Your first instinct might be to go with the cheapest option, but that includes various risks. Don’t put your lifetime buy at risk by working with a supplier that isn’t correctly insured or managing storage in the proper way. If they are cheaper and new in the market they could be less reliable – Reliability and trust are the most critical components in high-value purchasing.
Reaching the Optimal Result
After finding a partner you trust, adjust the offer to specifically suit your needs. Lifetime Buys can be altered to include re-banking and clarity into the security measures for storage.
Quality is the focal point of Pacific Component Xchange, Inc. From our many certifications to our industry famous 67 step Star Quality Program, we deliver the right product at the right time. At PCX, we continuously improve our processes in order to meet and exceed our customers’ expectations. All employees understand what our customers expect and they provide our customers with the best service.
All PCX processes are continuously re-evaluated and upgraded to reflect changing customer expectations, ensuring only the highest quality of products and services are delivered to them.