Our lives have been made increasingly easier over the past decade by the introduction of various online shopping platforms, however, not without challenges. Piracy and counterfeiting have been steadily increasing for several years, and online transactions are a major contributor.
End-of-life (EOL) is a term used to indicate that a product has reached the end of its useful life from the vendor’s perspective. When a product reaches its EOL, this means it will no longer be marketed, supported, or sold by the vendor. EOL product support is necessary for providing the appropriate services required to maintain products or technologies after the vendor retires them.
NetSource Technology, Inc. is an independent stocking distributor known worldwide for providing electronic components and global procurement services to contract manufacturers and original equipment manufacturers (OEMs). With more than two decades of industry experience, we have amassed extensive product knowledge and a worldwide network of trusted suppliers that allow us to source and stock both current and obsolete parts. Our on-site inventory houses brand-new components from reputable manufacturers, including end-of-life (EOL) products, hard-to-find parts, and highly allocated pieces with long lead times. Regardless of what electronic component our customers need, we can help them procure it.
The western world may have already rung in the beginning of the new decade with champagne and fireworks, but another celebration is underway on the other side of the globe. Chinese employees from just about every industry will be taking time away from work to celebrate Lunar New year with their families. Here is a look at some of what takes place over the holiday. (more…)
When it comes to manufacturing electronics, there is one thing that steadily remains true: things are constantly changing. Abrupt shifts in demand levels, component life cycle changes (obsolescence), and miscalculations during the ordering process by a procurement team are all possible factors that can lead to excess inventory challenges. It can happen to any company, regardless of size.
About a year ago, Nissan ran a tv ad which ended by boldly stating that the most exciting tech you own could be in your driveway. After taking a just a brief glimpse at what’s in store for the near future of the automotive industry, that doesn’t seem so far-fetched.
Fake Parts, Real Problems
The electronic component supply chain has been infiltrated by counterfeit parts. As a result of a massive influx in demand for components due to new innovations in technology, the problem continues to grow daily.
We are living in a world that demands instant gratification. The good news is that thanks to an explosion of innovation and creativity over the past 2 decades, we have the ability to meet those demands using hand-held (and even more recently hands-free) smart devices. This surge of new technology and applications has generated unprecedented demand across manufacturer supply chains. As companies rush to put out the next big thing year after year, shortages, obsolescence and end of life components are becoming increasingly worrisome factors for OEM’s.
5G and IOT are being touted as the next big thing. Huge thing actually. That means a mass deployment of a lot of components.
Limited 5G deployments have already begun in some markets. Widespread rollout is expected to take place throughout the 2020s which is right around the corner. Couple 5G with the massive capabilities of IOT innovations, and the way we communicate and connect as a society will change as we know it.
The procurement industry is experiencing significant change. Advancements in technology, business practices, and consumer demands are driving this change and transforming the supply chain process as we know it. The industry will always be disruptive in one way or another. It’s the nature of the business.