Types of Value Included Services

 
JIT2
In this program, a full time on-site representative of Illuminated Components manages MRP issues, works with local engineers, sits in on meetings that might affect supply - such as project planning, engineering changes, schedule changes... In the past, our customers have seen an immediate reduction in manpower overhead. Knowing in advance that a product is being rescheduled can save time, which translates into dollars - when dealing with the Supply-Chain.
Bread-man
With this model, as in previous model, communication is key to accomplishing any pre-established goals. Typically WIP inventory resides close to the manufacturing line be it 'Pick and Place' equipment for any surface mount products, automatic insertion for axial and radial product, hand insertion, or prepping area. An agreed upon quantity, and time frame are set as maintenance levels for service by an Illuminated Components. This activity typically translates to about 3% annually.
Part Standardization
It is conceivable to see a reduction of 10% or more in the number of AVL items, as well as a reduction of costs due to increases in volume and their associated volume discounts. This would also equate to a potential reduction in the total on-hand inventory. The cost savings are based on hidden costs and are difficult to extrapolate.
Product Testing
Illuminated Components conducts visual inspections on every type of product. This inspection includes a visual comparison of the product to the actual catalog spec. The legibility of relevant product markings, and the quality of casings, reels and leads is also checked. At the customer's request, Illuminated Components can test electrical characteristics such as dissipation and tolerance levels in our static-free testing environment. Further, Illuminated Components maintains a database of previous visual and electrical problems encountered during testing and their corrective actions.
 
In-Plant-Stores
The 'In-Plant-Store' concept generates the most significant cost savings of all of the programs. Cost savings generally equate to about 5% of the annual purchases. Illuminated Components would assume roles within the Customer that would normally be sponsored by the customer. Reduction of on-hand inventory is responsible for approximately 3% of the total cost savings in acquired costs.