Cost Management Strategies and Approved Components List for Electronic Parts Management
Electronic parts management is becoming more complex in today’s fast-paced landscape. With increasing systems obsolescence and growing counterfeit products in the backdrop, the need for effective cost management and component verification strategies has never been more crucial for the electronics industry.
However, to ensure the successful implementation of these strategies, manufacturers should also have a robust resource of updated electronic parts data that will enable them to make procurement and manufacturing decisions and tasks efficiently.
In this LIVE Webcast, electronic parts management experts Vernon Densler (SiliconExpert) and Michael Pecht (CALCE) will provide crucial information on how electronics suppliers and manufacturers can better manage cost and ensure compliance with an Approved Component List (ACL). As experts, they will also offer helpful insights on the importance of having up-to-the-minute electronic components database.
- Recent Trends in Electronic Parts Management
- Approved Components List (ACL) – Challenges and Opportunities
- Effective Strategies:
- Cost Management
- Component Verification
- Significance of an Updated Electronic Components Database
- Essentials of a Robust Solution
Vernon Densler, Senior Project Manager
- Obsolescence 101
- Supply Chain Insights:
- PCN Notification Dates Vs. Last Order Date
- Types of Obsolescence Management
- Cost Increases the Later Obsolescence is Detected
- Approved Components Lists
Michael Pecht, Director, Professor and Consultant
Center for Advanced Life Cycle Engineering (CALCE), University of Maryland
- Why the supplier selection process may be more critical than the part selection process
- How can a company determine if a selected part meets the targeted reliability requirements
Who Should Attend:
- Finance Officers
- Engineering Managers
- Component and Design Engineers
- Reliability Engineers and Managers
- Project and Program Managers
- Supply Chain Managers
- Maintenance Managers
- Storeroom Managers and Supervisors
- Operations and Production Supervisors
Vernon Densler is a Senior Product Manager at SiliconExpert. He has been with SiliconExpert since 2018 and previously spent 18 years at Northrop Grumman as both a Systems Engineer and Manager in charge of Obsolescence Management and Spares & Repairs. Vernon holds a BS in Computer Information Systems, Management from Florida Institute of Technology. Vernon frequently speaks at industry events and symposiums, where he is able to use his experience in the Parts Management field to assist in furthering best practices and the Parts Management discipline.
Vernon Densler is a Senior Product Manager at SiliconExpert. He has been with SiliconExpert since 2018 and previously spent 18 …
Prof Michael Pecht (25,000+ citations, 70+ H-Index) has a BS in Physics, an MS in Electrical Engineering and an MS and PhD in Engineering Mechanics from the University of Wisconsin. He is a Professional Engineer, an IEEE Fellow, a PHM Society Life Fellow, an ASME Fellow, an SAE Fellow and an IMAPS Fellow. He served as editor-in-chief of IEEE Access for six years, as editor-in-chief of IEEE Transactions on Reliability for nine years, editor-in-chief of Microelectronics Reliability for sixteen years, and editor of Circuit World. He has also served on three U.S. National Academy of Science studies, two US Congressional investigations in automotive safety, and as an expert to the U.S. FDA. He is the Director of CALCE (Center for Advanced Life Cycle Engineering) at the University of Maryland (UMd), which is funded by over 150 of the world’s leading electronics companies at more than US$6M/year. He is also a Professor in Applied Mathematics at UMd. He has written more than twenty books on product reliability, development, use and supply chain management. He has also written a series of books of the electronics industry in China, Korea, Japan and India. He has written over 700 technical articles and has 10 patents. In 2015 he was awarded the IEEE Components, Packaging, and Manufacturing Award for visionary leadership in the development of physics-of-failure-based and prognostics-based approaches to electronics reliability. He was also awarded the Chinese Academy of Sciences President's International Fellowship. In 2010, he received the IEEE Exceptional Technical Achievement Award for his innovations in the area of prognostics and systems health management. In 2008, he was awarded the highest reliability honor, the IEEE Reliability Society’s Lifetime Achievement Award.
Prof Michael Pecht (25,000+ citations, 70+ H-Index) has a BS in Physics, an MS in Electrical Engineering and an MS …
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Method Of Presentation:
General knowledge of electronic parts management
NY Category of CLE Credit:
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SiliconExpert provides the relevant data and insight needed to remove risk from the supply chain.
Founded in 2000, SiliconExpert helps you make better decisions, faster. Over 400 electrical, software and data engineers handcraft our component database to deliver the most comprehensive and current tools in the industry. Customers globally use our solutions to manage risk, avoid redesigns, and mitigate obsolescence in innovative industries such as consumer electronics, telecommunications, automotive, medical and aerospace. SiliconExpert’s customers include: leading commercial and government OEMs, top-tier authorized distributors, contract manufacturers and component suppliers.
About Center for Advanced Life Cycle Engineering (CALCE), University of Maryland
The Center for Advanced Life Cycle Engineering (CALCE), at the University of Maryland, has been serving the electronics industry as a resource and knowledge base for the development of reliable, safe, and cost effective products for more than 35 years. Supported by over 150 of the world’s leading companies, CALCE is the reliability science leader in the areas of failure mechanism identification and modeling, accelerated test methods, prognostics and health management approaches, supply chain management techniques, as well as the application of artificial intelligence for remaining life and fault prediction of electronic devices and assemblies. In addition to its active research, CALCE provides test and failure analysis services and continuing education opportunities to practicing engineers through monthly webinars, industry symposia, and professional development courses.