SyncFab Q1 2020 Update

Dennis Delgado

CHIEF PRODUCT OFFICER

2020 began with significant momentum resultling in substantial progress on all fronts. We started by announcing accession to the MOBI automotive blockchain consortium to be a part of their newly formed supply chain workgroup, as we see ourselves possessing comparative expertise here, to begin establishing standards for the industry. This was followed by the achievement of ITAR registration status which is a necessary designation for Aerospace and Defense subcontracting eligibility. On the product front we launched Q1 by releasing a website redesign to accomodate a series of completed feature launches which had been completed over the course of 2019. No sooner had we done so when we were called upon to refocus our attention to the rapidly unfolding COVID-19 pandemic which would set in motion a series of supply chain shocks touching all levels of industry. The required response of our company harkened us to summon the convictions of our founding mission to provide rapid response local hardware supply chain solutions for essential infrastructure industries and their sustainability. Accordingly this Quarter’s update begins and ends with our efforts to help alleviate the current crisis we all face together.

Ventilator and Medical Device Supply Chain Rapid RFQ Initiative

We at SyncFab continue to monitor the development of coronavirus (COVID-19) and it’s impact on our participant community and the manufacturing community as a whole. Please fill out this form for immediate assistance from a dedicated product manager.

COVID-19 Pandemic Response

We wanted to update the community at large on our preparations focused on the success and safety of our team, customers and partners who remain our highest priority. Our team is fully committed to ensuring supply chain continuity to avoid production build schedule disruption for our OEM customers who continue to receive the high quality parts they need while protecting themselves using our remote work digital supply chain sourcing solution. SyncFab offers a remote digital work solution for OEM Part Program Managers and Engineers with access to a full suite of custom precision part production services on standard and expedite fulfilment schedules. Our distributed network exceeding 1,500 suppliers across the US and internationally affords us the flexibility to redirect workflow to maintain supply chain continuity and avoid disruption with the unique addition of supply chain security, authentication and traceability afforded by our Blockchain integrations.

ITAR Registration

SyncFab achieved ITAR registration status which is a necessary designation for Aerospace and Defense subcontracting eligibility.

Industry First – OEM Parts Tokenization for Parts Provenance for IP Protection & Anti-Fraud in Automotive and Aerospace MRO Business-Ready Use Cases

In 2020 Aerospace and Automotive OEM IT Departments and Purchase Managers can now begin Tokenizing their precision hardware part supply chains right at their point of production using SyncFab’s Manufacturing Blockchain Network! SyncFab is the first to combine distributed ledger tokenization technology with an operational distributed manufacturing supplier network enabling parts tokenization right at their point of production. This Industry first feature release followed many months of development and a 2018 provisional patent filing which we expect to convert to non-provisional status with the USPTO in the months to come. EXPLAINER VIDEO

Part to Finish: SyncFab Launches New Look and Solution Offerings for 2020

We’ve redesigned our website with a fresh new look for 2020 as we ready to launch a string of new service offerings under development for most of 2019. It follows the path of the Hardware Part from Start to Finish: procurement to production to authentication to distribution. Soon to follow we will begin offering service bundlings of our new blockchain procurement features in subscription SaaS format which we will announce in greater detail in the coming months.

Parts Library PLM Feature Release

The SyncFab Parts Library optimizes the current workflow of busy procurement managers. This new feature allows procurement managers to upload anywhere from a single part to ten parts and keep these parts and subsequent versions updated in a centralized parts library for streamlined organization following industry best practices at the same time allowing for faster parts reorders.

SyncFab Joins MOBI

We started 2020 by announcing accession to the MOBI automotive blockchain consortium to be a part of their newly formed supply chain workgroup, as we see ourselves possessing comparative expertise here, to begin establishing standards for the industry.

What to expect in Q2: Parts Recall, Parts Track and Trace and Supplier Dashboard Upgrade

We have several additional features which have already completed development and currently passing the final stages of QC testing prior to market release – those include Parts Recall, Parts Track and Trace and a Supplier Dashboard upgrade based on feedback from our partnership with the NTMA. We will be releasing these features separately in the weeks to come in Q2.

SyncFab is Hiring!

We consider ourselves to be a very lean team of highly efficient operatives but we’re always striving to improve so we keep the talent pipeline open for candidates for: 1) Full Stack Blockchain Engineers, 2) B2B Enterprise Software Sales Professionals, 3) B2B Supply Chain Marketing Professionals, 4) Data Analysts.

Stop Corona Virus bottlenecks in your OEM Supply Chain: SyncFab allows OEMs to slash procurement time and cost for precision parts with SyncFab’s rapid response supplier network secured by blockchain for anti-counterfeit, recalls, smart payments & more.

Let us quote your precision machined parts at no cost or obligation to: sales@syncfab.com

Procurement Managers watch THIS VIDEO to learn more.

SyncFab helps Aerospace and Automotive OEM Purchase Managers stay on top of their demanding production schedules while shaving their parts procurement costs as much as half off benefiting from a vetted full range manufacturing capabilities network of 1000s of suppliers. SyncFab’s network precision machining capabilities include multi-axis milling and turning, routing, waterjet, laserjet, EDM, Electron Beam Welding, punching, cutting, shearing and finishing services including anodyzing, coating, plating, polishing and more.

SyncFab also works with OEM IT Departments whose aim is to secure more of their supply chain data with blockchain for ERP module and internal reporting system integration. OEM IT Departments can use their procurement activity blockchain records SyncFab generates to complete a Turnkey Supply Chain Blockchain Proof of Concept, Custom Use Case Pilot or Program Implementation. Furthermore — SyncFab’s patent pending parts procurement tokenization solution can be used to mitigate product fraud — isolate recall cost and time using blockchain track and trace feature technology at a fraction of the cost. Finally, OEM IT and Financial departments can partner to use the industry first MFG Manufacturing Token to create custom smart contract and supplier incentive programs such as RFQ and data sharing rewards.

Calling all Local Blockchain Engineers — Talented and Eager to Make a Difference in Manufacturing? Join Us!

We are always seeking additional blockchain engineering talent. Interested in joining our team? Learn more and apply here.

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Annual Outlook & Review

In 2021, as reported by Deloitte, the industry’s focus will shift toward transforming supply chains into more resilient and dynamic networks…

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