Recent findings by the Chartered Institute of Procurement & Supply (CIPS), found that the downturn in UK manufacturing accelerated at the end of 2022. Moreover, the rate of decline was among the steepest during the past 14 years.
Companies reported that recent output had been scaled back due to declining intakes of new work and disruption caused by stretched supply chains and material shortages.
Long lead times prove to be a huge challenge for businesses attempting to source genuine parts for equipment and machinery. That’s why Obso Global has launched a new guide, which outlines five simple steps operators can take to help source and stock new and refurbished parts for production, helping to mitigate the risk of unplanned downtime and maintain productivity.
Available to download from bit.ly/ObsoPlan, the five-point plan guides operators through the key steps to take to reduce the impact long lead times are having on businesses. It includes guidance on the importance of an operational strategy for parts procurement, developing contingency plans or using a third-party provider for bonded stock holding.
The plan has been compiled using insight from Obso’s experienced technical team, which has helped many customers across the world combat the stresses of ongoing supply shortages and parts availability.
The supplier of hard-to-find and obsolete automation spare parts also plans to launch a series of blog articles discussing – from personal experience – how longer lead times and rising costs have affected the business over the past few years and what steps the team has taken to overcome this.