Press Release November 30, 2011
President/CEO Sam Thevanayagam of PARTS LIFE, INC. participated in the DMSMS (Diminishing Manufacturing Sources and Material Shortages) and the DMC Conference at the Marriott Orlando World Center in Orlando, Florida on November 26-29, 2012.
DMSMS by definition is the loss, or impending loss, of manufacturers or suppliers of items or raw material. The military loses a manufacturer when that manufacturer discontinues (or plans to discontinue) production of needed components or raw materials. Obsolescence and
DMSMS are often used interchangeably. DMSMS is the lack of sources or materials; obsolescence is lack of availability due to statutory, process and design changes. An obsolete product refers to the product in question not being needed anymore, and DMSMS is driven by financial needs pushing the technological requirement of a product out of
production but not necessarily out of use.
PARTS LIFE, INC. provides optimal resolution of DMSMS and obsolescence issues through Engineering Services, Manufacturing Solutions, Integrated Logistics, and Program Management. Parts Life is a leader in this industry. PARTS LIFE, INC. is your DMSMS (Diminishing Manufacturing Sources and Material Shortages) Partner through our unique value proposition, ROPE®.
ROPE® – Rapid Obsolescence Planning & Execution – enables us to promptly respond to our customers’ obsolescence issues while addressing quality and cost effectiveness. ROPE® is an exclusive method developed to create supply through repair, re-manufacturing, and short run manufacturing, giving customers reliability and ROI on their assets, extending system readiness and meeting performance targets.
The DMC – Defense Manufacturing and Industrial Base Conference was held in conjunction with the DMSMS Conference this year. The goal of the DMC is to promote a resilient defense industrial base. During these concurrent events Sam Thevanayagam President/CEO of Parts Life, Inc. had the opportunity to rub elbows with over 1,000 attendees from the
DOD, Services, large and small businesses, contractors, Civilian Agencies and Academia.