Re-banking: What you need vs. what's just for show

Hal Juergens, Director of Product Management & Supply Chain Solutions

May 1st, 2019

Do you need a literal vault to keep your lifetime buy assets safe? Let’s break down misconceptions around long-term storage.

When you are looking to rebank your valuable electronic components, you are looking for the best storage situation possible. Supporting a significant EOL investment takes more than just a good sales pitch. You need to look into a couple of critical factors when partnering for long-term EOL services. Today we will get to the bottom of some common misconceptions around long-term storage.

Misconception #1: You need Fort Knox.

Security measures are paramount. Features to look for include access-controlled warehouses, limited access badge control storage, motion detectors with police response throughout the facilities. Uniform security measures across facilities and of overall conformance to security practices provides additional confidence.

Bottom line: a commitment to secured facilities and use of the most up-to-date access technologies is sufficient — no vault necessary.

Misconception #2: A cave-like environment is ideal.

While oxygen and humidity are the two biggest enemies of long-term electronics storage, there’s no need for an underground facility. You just need proper packaging and a moisture-controlled facility that’s secure and organized. Any potential partner should present you with unique solutions but also offer practical storage management.

Proposed storage solutions should make you confident that your materials won’t get lost or damaged in the facility itself. Stack elevators, PINS, segregated lots: you need see the correct infrastructure coupled with a plan that makes sense.

Location of the facilities used for rebanking and storage are another important factor. Having multiple facilities strategically located around the globe will help to position your assets for periodic access.

Bottom line: look at a facilities management systems to evaluate if they are practical for your storage and access needs.

Misconception #3: Rebanking is risky because it’s outsourced.

With EOL solutions, you are entering into a long-term relationship. Rebanking components means maintaining perfection from 5, 10, 15 — even 30 years down the road.

Predicting the future is impossible, but you need to get an intimate look into the track record of the company you are partnering with for your EOL or storage solution. Stability, longevity, a balanced book of business — these are all good indicators that your partner will stay on for the long haul.

Bottom line: get some insight into your partner’s business plan.

In the end, there’s no substitute for excellence.

Combating obsolescence of your key electronic components requires strategic purchasing, creative solutions, and smart partnerships. But rebanking is not just for lifetime buys in EOL situations. Secure storage of electronic components can offer a host of business advantages.

Some customers choose to have component recertification after they purchase components. We check for damage and certify parts as conformant, authentic, and undamaged. Finally, the conforming parts are properly repackaged for storage. This is just one example of the many value-added solutions that rely on long-term storage.

Let us know if you are ready to learn more about how exceptional value-added services can change the way you do business.

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" Stack elevators, PINS, segregated lots: you need see the correct infrastructure coupled with a plan that makes sense. "

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