We’re more than just a specialist distributor
Continuity planning for Obsolescence and Open Market Sourcing of Obsolete Parts
We understand the dangers of obsolescence and how that can impact your business, so we have made it our mission to provide a service that not only reacts to the danger, it pre-empts the threat. One of the tools we use to do this is our Bill of Materials (BOM) monitoring which helps our clients to continue manufacturing thanks to a secure and reliable supply chain.
Princeps BOM monitoring service provides your company with:
- Early warnings of component obsolescence
- A proactive approach to identifying high-risk parts
- Provide end-of-life (EOL), discontinuation and obsolescence notices, when they are issued, allowing for alternative part sourcing or planning
- Identify lifetime buy opportunities for you to secure your product
Why choose Princeps for Component Obsolescence Management?
Princeps uses an Obsolescence Forecasting System to help customers identify which parts in their Bill of Materials (BOM) are either at risk of going obsolete or may already have done so.
By monitoring their BOMs customers are given advance warnings to source alternatives, secure lifetime buys or even redesign their boards before having to face the dangers associated with having to find obsolete parts on the open market.
Princeps offer a paid for service which provides a snapshot detailing any obsolescence risks it may be facing, simply through access to a full BOM. This service has access to the largest PCN monitoring system in the world, with obsolescence notices, lifetime buy notifications and product change notifications all held in a single system, providing real-time status for millions of individual components.
Streamlined Supply Chain Solutions
Our range of Supply Chain and Component Sourcing services include:
Traceability
Safe, traceable sourcing of currently available EEE components. Order traceable current parts via a variety of ordering and delivery models including blanket, call off and KANBAN.
Sourcing
Rely on our knowledge & expertise to securely source the parts you need. Secure sourcing for hard-to-find parts including those that are obsolete.
Tail Management
Rationalise a range of suppliers to a single point of contact. Vendor tail reduction for supply chain simplification and giving you a single point of contact for EEE sourcing and procurement.
Kitting
Managed solution including sourcing and traceability. Simplify production with kitting solutions & reduce hidden costs, streamlining manufacturing and addresses counterfeit mitigation.
Obsolescence Part and Component Mitigation services
Our team specialises in obsolescence management, so your business stays ahead of any product lifecycle challenges. This is especially pertinent for the aerospace, defence, electronics or automotive industries. We help you mitigate the risks associated with obsolete parts and mitigate interruptions.
An obsolescence part mitigation service including forecasting, monitoring and developing strategies to tackle critical components being unavailable. We work closely with you to identify cost effective solutions such as finding alternative suppliers, sourcing substitute components and implementing redesigns to allow use of current parts or components. By addressing obsolescence risks early, we minimise downtime, reduce costs and extend the lifecycle of your equipment.
Our obsolescence mitigation services ensure you're prepared for the future. We help you plan ahead with strategic procurement and stock management, to avoid discontinuation of key components.
What is BOM Monitoring?
Our BOM monitoring service scrutinises your entire bill of materials , raising an immediate alert for any component mentioned in a Manufacturer PCN (product change notification), PDN (product discontinuation notice), EOL (end-of-life) notification or LTB (last time buy) warning, providing our customers with vital time to plan and react.
Princeps BOM monitoring uses a complex and sophisticated algorithm that can predict the likelihood of a component being made obsolete, with a predictive ‘time to obsolescence’ that will drastically decrease the risk of unavailable parts.
Even with the best planning tools, there may be occasions when there is no alternative other than to access the open market to procure obsolete parts. Princeps offer a range of risk mitigation solutions, including fully bespoke test and inspection plans following AS6081, AS6171 or any other methodologies available. Find out more about Princeps’ service level offerings.
What is Obsolescence Part Management?
Obsolescence part management refers to the processes and strategies used by organisations to handle parts and components that are no longer manufactured, supported or readily available in the authorised supply chain. This is particularly important in industries such as aerospace, defence, electronics and automotive, where systems often have long lifespans, but the components used may become obsolete much sooner.
The main objectives of obsolescence management includes forecasting and monitoring the lifecycle of components to gauge when they might become obsolete and developing plans to mitigate the associated risks. This involves finding alternative suppliers, redesigning products to use current parts or stockpiling critical components. It also includes identifying suitable replacements or substitutes for obsolete parts and working with suppliers to extend the availability of essential components. An aim is to control costs by managing inventory and procurement well, so that systems remain operational and obsolescence challenges.