"If something can’t go on forever, it’ll stop,” said 20th century U.S. economist and political advisor, Herbert Stein, who isn’t even the most famous Stein in his family. His son, Ben Stein, has a more famous (if more mindless) quote: “Bueller, Bueller, Bueller…” from the famous ’80s movie, Ferris Bueller’s Day Off. Herbert was referencing broad, sweeping initiatives: political movements, economic systems, wars, peacetime, and public opinion. His quote contains wise words, but they’re applicable elsewhere, and the sentiment is particularly relevant to product life cycles for printed circuit boards (PCBs) and other electronic assemblies. To put it bluntly, PCBs can’t go on forever. They’ll eventually stop.
Figuring out the product lifecycle for your projects is helpful for plenty of planning activities, including:
- Parts ordering
- Delivery of electronic components
- Meeting project deadlines
- Optimal supply chain software performance
Notice a pattern? You guessed it: Product lifecycles are directly linked to electronic parts procurement. The sooner you grasp the importance of your product lifecycles, the better off your entire sourcing staff will perform. The clock ticks – it always does. Project deadlines loom ahead. The amount of time you have to deliver quality, reliable products won’t last forever. That’s why it helps to have an e-commerce marketplace to make good on promises to your customers. Sourcengine™, the leading e-commerce marketplace for electronic parts, empowers sourcing professionals, engineers, designers, and other employees to take control of the procurement process, which enables the most efficient, practical product lifecycles. By clicking on "Download Free Infographic," you will be able to learn about the four important stages of the components life cycle and how to effectively manage your procurement practices.