Tech companies roll out new products or new versions of products all the time. While that’s great for the consumer, it also means that an electronic component you use in your product may become unavailable within three years of its introduction.
If your product has a longer time to maturity than your average smartphone, that can make life difficult. You must update your design for a different component you can still find or design an entirely new product. The other option you can consider is an obsolete electronics components supplier.
Never worked with one before? Keep reading for the benefits of using one of these companies.
Extend the Life of Your Product Line
Revamping or replacing products in your product line is both expensive and time-consuming. On top of this, you end up needing new marketing materials for the upgraded product. Buying obsolete parts lets you extend the life of your current line while you make a more reasoned plan for upgrading.
This lets you prepare for the permanent end of a production run and get a new model ready to take its place. You keep your product on the shelf and your employees at their positions.
Find Parts
Sometimes a manufacturer goes out of business with no warning, leaving customers with unfulfilled orders. This can leave you scrambling and highlights the need for obsolete parts suppliers, such as Aria Sourcing.
Instead of you scrounging the web for parts, the supplier makes it easy to find the parts you need. They do all of the legwork. That lets you focus on the next steps as you deal with long-term issues a parts shortage will cause.
End of Life Buys
When a part reaches end-of-life for the original manufacturer, they’ll often offload their entire stock to interested suppliers. If you know that a part will go off the market soon, you can work with an obsolete component supplier for end-of-life buys.
You work out how many parts you need or want to complete a certain number of units. The supplier can then make arrangements with the original manufacturer for a bulk purchase. You may even get a discount out of the deal.
Lifetime Supply
You can also work out agreements with suppliers for lifetime supply purchases. You commit to a certain number of parts to keep you running until the product will go off the market. The supplier acquires that number of parts and guarantees them to you.
Obsolete Electronic Component Suppliers Solve Problems
Obsolete electronic component suppliers help you solve obsolescence problems. While the original manufacturer may not need the part anymore, it doesn’t mean you don’t.
These suppliers help you keep maintain a supply of the part when it suddenly or not so suddenly becomes unavailable by sourcing or buying up a bulk supply of the part. That lets you keep your product on store shelves while you redesign or design an entirely new product.
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