Supply chain risk management: New Momentum tackles parts shortage problem
By Manufacturing Business Technology Staff -- Manufacturing Business Technology, 3/24/2008 3:07:00 PM
New Momentum, provider of supply chain risk management (SCRM) software for companies that make or use electronic components in their products, announced the launch of the Constrained Parts Finder. This application, which provides visibility into the global, open market for electronic parts, helps companies avoid production shutdowns and missed peak season sales due to parts shortages.
Stu Clifton, New Momentum’s CEO commented, “One of the fundamental supply chain decisions our customers face is what to do when a critical part becomes constrained. Often the suppliers on a company’s approved vendor/distributor list just can’t get the required component in time at a reasonable price. Our new Constrained Parts Finder is a valuable tool for these organizations because it puts numerous worldwide sources at their fingertips. Within minutes they can find authentic, compliant and alternate parts without paying premium prices.”
Like other New Momentum SCRM applications, the Constrained Parts Finder is a Software as a Service (SaaS) offering that employs the latest Microsoft .NET Framework 3.5 and data management standards to acquire content across a broad mix of global market sources.
To find strategic parts that have become constrained, a company simply inputs the specific part numbers. These part numbers are then matched with worldwide parametric data and gathered in the New Momentum database to show availability of parts. The information the user receives includes seller, geographic location, price, quantity, alternatives and compliance status.
