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.
For over 40 years, RBB has existed to move heaven and earth to get our recurring small batch customers what they need, when they need it.
In Part 1 of this series, we shared the behaviors that we have found leads to customer, business, and individual success in an electronics manufacturing environment. As we mentioned before, every employee, regardless of position or length of service, has an obligation to act according to these standards.
I get a lot of phone calls from entrepreneurs and business owners who are developing a product that has some kind of electronic component. They’re often looking for a new partner to produce parts of the product - or even the entire thing - and are sometimes new to navigating the ways of electronic contract manufacturing.