The threat of obsolescence. How can Lantek help?

According to IHS Markit, component vendors issue, on average, twenty-eight product change notifications (PCN) and twenty-two end-of-line (EOL) announcements every day. For product designers, manufacturers and purchasers, this is problematic. Each individual assembly may require parts from multiple suppliers and will likely contain semiconductors that are at different stages of their lifecycle.

Due to the rapid rate of development within the electronics industry and a recent spate of high-profile mergers and acquisitions, the lifecycle of electronic components will only decrease. As product lines undergo periods of rationalisation and new trends and technologies emerge, allowing for the possibility of faster and more efficient chips, the likelihood is that obsolescence will become an unavoidable issue for manufacturers.

If a crucial component has ceased to be produced, then that could force a manufacturer to redesign an entire board or product at great expense. Alternatively, if the stock of that obsolete component can be found, then it often comes with a huge markup in price. A further (and an especially worrying) complication is that over two-thirds of counterfeit reports are linked to parts that have been either discontinued or have entered their end-of-life phase.

Unfortunately, there is no single silver bullet that can solve these issues. Instead, OEMs and CEMs need to adopt a number of strategies to guard themselves against obsolescence. Both proactive and reactive approaches will be required to minimise production delays and keep costs to a minimum, as will having a stable and secure group of preferred suppliers.

Any business relationships is as strong as the last transaction and the electronics industry is no different. Given the fears surrounding counterfeit electronic components, OEMs and CEMs are, rightly, prudent when it comes to selecting their preferred suppliers.

However, when it comes to sourcing quantities of obsolete components, many end users without a wide-ranging portfolio of both franchised and independent vendors can often find themselves swimming against the raging tide of the open market. And when searching for a quantity of obsolete stock, buyers can easily stumble and inadvertently go to dubious grey market sources – and this is where problems begin.

To counteract this, it is important to have a varied portfolio of both franchised and independent vendors. Within that, there should be a company that specialises in securing stock of obsolete and end-of-life electronic components. At times when the parts that you rely on begin to get phased out, your varied and strategic base of suppliers will come into its own, ensuring your supply chain remains strong whilst simultaneously shielding you against inflated production costs.

With intricate knowledge of the global markets, these companies focus on locating obsolete and hard-to-find stock are able to search through millions of lines to track down the required components where other firms often fail. This could be due to a company’s extensive stockholding facilities that are tailored to suit the needs of their customers or through a wide-ranging and quality-driven procurement network.

Since 1994, Lantek Corporation has been helping thousands of OEM and CEM customers to overcome the hurdles associated with purchasing components that have been earmarked for obsolescence.

Thanks to our varied stock portfolio and our worldwide procurement network that features offices in strategic locations such as Central Europe, the United Kingdom and South-East Asia, we are able to pinpoint the quantities of stock needed to keep your production lines running.

As mentioned earlier, over two-thirds of counterfeit reports are related to obsolete component lines. Because of this, trust is incredibly important when it comes to selecting a supplier of hard-to-find electronic parts.

At Lantek, we take extreme pride in our anti-counterfeiting procedures. Throughout our existence, we have invested significant funds in the technologies, certifications and standards required to keep one step ahead of the counterfeiters.

Our entire buying network is carefully scrutinised and continuously evaluated to ensure that we are only purchasing from reputable sources that share our values. And prior to every shipment, each order undergoes a series of inspections by our staff to confirm their authenticity. It is through our unique set of procedures and techniques that we have built up a reputation for being a trusted supplier of hard-to-find, obsolete and shortage electronic components. We know how important your supply chain is and we work hard to ensure that it does not get compromised by the presence of counterfeit parts.

Manufacturing in an age where end-of-life scenarios for crucial components can be problematic. But with the right purchasing network in place, trust in eminent independent distributors and a forward-thinking approach to production, you can protect yourself against the pitfalls of obsolescence.

Lantek Corporation Becomes an Authorized Distributor for TechFlex

We have breaking news and it’s BIG!

TechFlex, a globally recognized specialist in the engineering and manufacturing of the most advanced sleeving solutions and related products for the protection of wires, cables and hoses has just named us as one of their authorized distributors for their braided sleeving products.

How exciting! Please keep Lantek Corporation in mind if you ever find yourself in need of braided sleeving products for your very own product.

Supporting a Cure for Multiple Sclerosis

Lantek Dresses For A Cure

During the month of March, Lantek Corporation honored Multiple Sclerosis Awareness Month and sported their orange with pride. In an effort to raise awareness, our team held a dress down day on Thursday, March 5th, where every employee donated $10 to the National MS Society. In addition, Lantek Corporation’s General Manager agreed to match everyone’s $10 donation, bringing our employee contribution to a total of $280!

In addition, all orders placed during the month of March resulted in a percentage to be donated to the society. We are happy to announce that Lantek Corporation donated $1,000 to the National MS Society based upon the orders we received during March.

That brings us to grand total of $1,280 donated to the National Multiple Sclerosis Society! This is truly amazing and we couldn’t thank our team and customers enough for helping us make a difference in the lives of those who face the unpredictable nature of Multiple Sclerosis.

And to just add a little more fun into the mix, we will be stepping out on Sunday, April 19th to attend Walk MS 2015 as part of team Demyelinate This, which was formed by our very own, Lyndsay Wright. If you’d like to check out our team progress, please visit our page at: http://walkild.nationalmssociety.org/site/TR/Walk/NJMWalkEvents?team_id=406799&pg=team&fr_id=25630

If you’d like to learn more about Multiple Sclerosis, please visit http://www.nationalmssociety.org/

A Season of Joy for All

The holiday season brings a lot of joy to all of us every year and this year, there is a lot to be thankful for. Our team at Lantek Corporation participated in a “Season of Hope Toy Drive” with Project Self Sufficiency, “an organization that supports and empowers low-income individuals and families to improve the quality of life for themselves and for their children through comprehensive family stability and personal, economic self-sufficiency services,” located in Newton, NJ.

The Lantek Corporation Holiday tree surrounded by our toy drive items.

 

The goal of their annual Season of Hope Toy Drive is to collect 20,000 toys and distribute amongst 2,000 children located within Sussex and Northern Warren counties.  It was an honor to be a part of this fundraiser and bring joy to those who need it most during the holiday season. Thank you to our staff for their great attitudes and contributions towards this fundraiser!

 

 

 

 

 

OUR HOLIDAY HOURS:

In honor of the holiday season, Lantek Corporation will be closing for a brief period of time. The office will close on Tuesday, December 23rd at 12PM EST and remain closed through Friday, January 2nd, 2015. Our refreshed & relaxed team will be ready to tackle your electronic component requirements first thing on Monday, January 5th, 2015 at 7:30AM EST when we arrive back in the office.

Making Strides Against Breast Cancer: Our Fundraising Results

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Our Lantek Corporation employees participated in a PINK dress down day to help raise funds for Breast Cancer research.

In October, Lantek Corporation wanted to give back and raise awareness for a cause that is near and dear to our hearts. For the entire month of October, any and all orders placed with Lantek resulted in a percentage to be donated to the Making Strides Against Breast Cancer Society.

Breast Cancer Walk

Lyndsay & Shannon participated in the Ridgefield Park, NJ Making Strides Against Breast Cancer Walk on Sunday, October 19th, 2014.

In addition, Lantek Corporation participated in a PINK dress down day, where each employee donated $5.00 towards the cause. To continue to fundraising fun all the way to the end of the month, we also dressed up for Halloween and half the proceeds collected were also donated to the society.

We are pleased to announce that Lantek Corporation donated a total of $1,610 to the American Cancer Society: Making Strides Against Breast Cancer as a result of all of our fundraising efforts. Thank you for your support in helping us make a difference.

 

 

 

 

Did you see our awesome Halloween costumes too? Check them out!

Halloween

You’re Invited To Join Us At Electronica 2014

We are a few weeks away from one of the most exciting events that Lantek Corporation is honored to exhibit at, Electronica 2014. If you remember seeing us at Electronica 2012, you would know that we had one of the greatest times together as a group and we can’t wait to do it all over again! It’s with great hopes that we see some familiar faces yet again, as well as some new ones.

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This year, Electronica is celebrating it’s 26th International Trade Fair for Electronic Component Systems and Applications. Electronica is one of the largest electronics events attracting over 2,600 exhibitors from 49 countries and over 73,000 visitors from 78 countries.

Our Lantek Corporation team is looking forward to meeting you in Munich this year! Not only can we get to know one another face to face, but you can also learn more about what our company can do for you. You will have the opportunity to explore every aspect of a truly professional service, which include:

If there is anything else you’d like to know about our business, just ask us!

Just by booking an appointment with Lantek Corporation and showing up that day, we will enter you into a FREE iPad Mini raffle!

Click here to book your appointment now! We will contact you to square up the date and time as it will be here before we know it! Please note, we will be exhibiting as part of the Cyclops Group so keep your eyes peeled for us! (Hall A5, Stand 171)

Come on out and see what Lantek Corporation can do for you!

Register Now

We’re So Excited & We Just Can’t Hide It!

It is with great pleasure to announce that Lantek Corporation has moved on up to Sparta, NJ and we are just so excited that we can’t hide it any longer!

We Moved!

Our customers are a huge part of our Lantek Corporation family and we want you to know that we greatly appreciate your business.  It’s our top commitment to provide our customers with top-notch service day in and day out. This move allows us to grow with our customers and also offer many new benefits, too!

Lantek Corporation made our move in early September to a bigger facility where we will continue to grow and expand our business to meet your everyday component needs.

Thank you for your support during our move and we look forward to continuing our work with you for all of your electronic component needs.

Please note our updated contact information as our address is not the only thing that changed!

Address: 29 Brookfield Dr, Sparta, NJ 07871 USA

Phone: 973-579-8100

Fax: 973-579-8180

 

Lantek Corporation Observes Independence Day

In observance of Independence Day, Lantek Corporation will be closed on Friday, July 4th, 2014. We will re-open with normal business hours on Monday, July 7th, 2014 at 7:30AM EST. If you require our assistance with any electronic component requirements in our absence, please send us an email. We will respond to your request immediately upon our return on Monday, July 7th.
Thank you for your understand and we wish you a happy & safe 4th of July!
-From Your Friends at Lantek Corporation

Lantek Corporation Raises Funds For Childhood Cancer

ALSF Dress Down DayA dress down day was held at Lantek Corporation on Thursday, June 5th, 2014 in support of the Alex’s Lemonade Stand Foundation (ALSF).

ALSF was created to raise money and awareness for childhood cancer. To read the full story about how Alex’s Lemonade Stand came to be, please visit www.alexslemonade.org

In total, the Lantek Corporation team raised $85 during our dress down day. We appreciate all of our employees support in raising awareness for childhood cancer.

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Lantek Corporation Participates in Company Food Drive

Lantek Corporation teamed up in April with lots of determination to help an under-served population with their physical and emotional needs by raising money internally and by hosting a company food drive.

Food Drive 2014

In support of the Harvest House Lunch Program, whose “mission is to provide a nourishing midday meal to fill the physical and emotional needs of an under-served population,” Lantek Corporation participated in a dress down day where all the money raised was donated directly to the lunch program. (The lunch program runs daily, Monday through Friday, from 11:45AM-12:30PM in Sussex, NJ.) We are pleased to announce that we raised $80 on behalf of our dress down day. In addition, Lantek Corporation also donated a $500 VISA gift card.

To keep our efforts going strong till the end, Lantek Corporation also hosted a company food drive, where we asked our employees to bring in non-perishable items to be donated to a local food bank. At the end of the month, we organized all of the non-perishable items and donated the items to the United Methodist Church in Branchville, NJ.

Each member of the Lantek Corporation team came together to make a difference in the lives of those who live within these under-served areas.

For more information about the Harvest House, please visit: http://www.harvesthousenj.org/