Our aim is to offer guidance on the ever-changing decision-making processes in the electronics sector and become the "go-to" guide for industry professionals looking to source top components.
Are you looking for a highly lucrative and challenging field? Or maybe you’re already a procurement professional and are changing companies. Perhaps you’re in the midst of salary negotiations with your current firm. Whatever your career situation right now, you can give yourself the upper hand by knowing the average salary of procurement professionals nationwide.
Demand planning is a supply chain-related position that involves forecasting the demand for products or services in order to have that product or service developed and delivered more efficiently. It’s one of the vital steps in supply chain planning which is centered around understanding what the demand for something is now and predicting what it
Given that procurement paves the way for smoother processes up and down the supply chain, any strategy that helps strengthen will benefit an organization. Here’s how engineers can help. Since companies’ bottom line is to make all their processes — from cradle to grave — more efficient, it makes sense to review all aspects of
By Dawn Allcot Those who were hoping multi-layer ceramic capacitor (MLCC) shortages would resolve in the new year and supply would catch up with demand will see little relief through 2019. In fact, industry experts are predicting shortages could continue through 2020. Motor vehicle and smartphone manufacturers may be able to procure the MLCCs they
How did the role of the procurement become what it is today? The history of this profession seems to stem all the way back to 3,000 B.C., at the time the Ancient Egyptians were building the Pyramids. This was not a task to be taken lightly and certainly required a significant amount of materials management.
While the United States can rest a little easier now that the White House calmed nerves by informing us that the Internal Revenue Service (IRS) will still be issuing tax refunds amidst the partial shutdown, there are still plenty of other vital operations disrupted. The partial shutdown, now in its 18th day, has affected over
Procurement is the process of finding, agreeing terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. The process is used to ensure the buyer receives goods, services, or works at the best possible price, when aspects such as quality, quantity, time, and location are compared.[ Corporations and public bodies
According to the Department of Labor, a logistics manager is responsible for managing the entire lifecycle of a product, including how it is acquired, allocated, and delivered. A logistics manager oversees purchasing and distribution in a supply chain and while their role is critical to operations, they are often forgotten. Logistics managers must supervise employees,
