An important part of effective inventory management is monitoring and controlling residual inventory. Residual or “left on the shelf” inventory is the supply of component parts on-hand after the last full-assembly shipment is produced. It is important for a business to be ordering the right amount of parts at the accurate time.
RBB’s whitepaper on how small batch electronics affects the OEM-CM relationship
Very often OEM’s struggle to effectively manage large portfolios of small batches of custom electronic assemblies. That’s why I tackled the topic in the Whitepaper, “Market Dynamics facing OEM’s with Large Portfolios of Ongoing Small Batches.”
I recently gave a short talk on leadership transitions—in particular, the handoff from one chief executive to the next—at the Small Giants Summit in Detroit. Since joining RBB in 2000, I’ve been on both sides of this coin. I offered a number of hard-won, personal lessons to this enlightened audience of business founders, owners, CEOs, and up-and-comers.
You have a choice in qualified suppliers you can entrust with your control panel and electronic assembly work. It’s important to look for a panel supplier that will work with you every step of the way and not just for you. Ideal partners will thoughtfully review designs and fix any issue that arises, have strict documentation management protocols, and assemble and test every wire and connection.
Not like Apple
Unlike companies like Apple, Inc. who move all at once from one product generation to the next, many OEMs base their value and reputation on customizing their product offerings to various clients and applications. It’s in their DNA to tweak and expand designs to deliver exactly what their customers need.