Sourcing Strategies

Procurement Pro Sourcing Strategies
Luminovo Ignites "a new era of electronics supply chain"
Sourcing Strategies Supply Chain Management

Luminovo ignites “a new era of electronics supply chain”

Luminovo announced the launch of ‘A New Era of Electronics Supply Chain’, a major product evolution designed to move procurement teams from firefighting to foresight. Answering the industry’s shift from an operational to a strategic function, the new AI-powered tools unify collaboration across OEMs, EMS providers, and part suppliers to deliver decision-ready insights. The launch

Read More
Purchaser pet peeves and how to overcome them
Sourcing Strategies

Purchaser pet peeves and how to overcome them

The primary concern of any conscientious purchaser is to maintain a predictable supply of parts that can support projects from development through to final production. However, this seemingly straightforward objective is fraught with a number of significant logistical challenges that can jeopardise even the most well thought out projects. In the electronics industry, there are

Read More
AI tools transform engineering search and support
Sourcing Strategies

AI tools transform engineering search and support

Lectrix, together with Orbweaver announced the launch of two AI tools: Lassie (Lectrix Artificial Site Search Intelligence Engine) and Laifae (Lectrix Artificial Intelligence Field Applications Engineer). The tools, developed with OpenAI and built directly into its infrastructure, bring together Lectrix’ industry expertise and Orbweaver’s proven data integration credibility. The result is a secure, purpose-built AI

Read More
Strategies and methods for minimising obsolescence risks
Events Sourcing Strategies

Strategies and methods for minimising obsolescence risks

It is not only the number of discontinued electronic parts and components, which has been rising steadily for years, which is causing headaches for many manufacturers of durable industrial goods. Geopolitically induced raw material shortages and trade restrictions, brain drain, increasingly stringent environmental regulations, cyberattacks on important internal data and processes, natural disasters, etc. are

Read More
Adam Fletcher, chairman of the Electronics components Supply Network says procurement professionals must be proactively involved early in planning new designs
Industry Insights Market Analysis Sourcing Strategies

Procurement in a proprietary components’ world

There are numerous factors that contribute to the success or otherwise of an organisation’s sourcing strategy; choice of suppliers, logistics, legal structures, industry, people, markets served, location, and more. Relationships with these ‘influencers’ are usually well established, having evolved over time as the organisation grew, matured, and sometimes diversified.  An organisation that has invested thoughtfully

Read More
Sourcing Strategies

Licensed manufacturing can beat your lifecycle challenges

The challenge of semiconductor obsolescence persists, and the rate of end-of-life (EOL) notices is not likely to slow anytime soon. The semiconductor industry’s push toward consolidation, combined with significant investments in advanced chip manufacturing, creates hurdles for those depending on a steady, long-term supply of specific older components. Many original equipment manufacturers (OEMs) require parts

Read More
Pactum was founded in 2019 by Kristjan Korjus, Martin Rand, and Kaspar Korjus. They have created an agentic AI platform that automates negotiations
Digitalisation Sourcing Strategies

The future is agentic: a conversation with Pactum

While generative AI (GenAI) has taken the world by storm – with many noting the release of ChatGPT in 2022 as a pivotal moment in which it became clear what GenAI could do for people – many companies are experiencing with McKinsey & Company has termed the ‘GenAI paradox’: whereby the scalability of chatbots and

Read More
Industry Insights Sourcing Strategies

Agentic AI in procurement balancing innovation and ethical responsibility

This article originally appeared in the May/June issue of Procurement Pro. By Simon Thompson, VP Northern Europe, JAEGGAER In an era where artificial intelligence (AI) is rapidly evolving, reshaping industries worldwide, procurement is emerging as a key area for AI-driven transformation. One of the most promising advancements in this space is Agentic AI. Agentic AI

Read More
Sourcing Strategies

Choosing wisely: why new designs don’t always require next-generation components

This article originally appeared in the May/June issue of Procurement Pro. By Eamonn Ahearne, Director of Supplier Development, Flip Electronics With all the attention swirling around advanced technologies, it’s understandable that product designers and engineers find the temptation to default to next-generation components almost irresistible. But the next big thing isn’t always the next necessary

Read More
Redesigning? Authorised EOL semiconductors shift mil/aero strategy
Quality Assurance Sourcing Strategies

Redesigning? Authorised EOL semiconductors shift mil/aero strategy

Complex military and aerospace equipment designed for long-term use is engineered in accordance with strictly defined requirements, from precise tolerances and detailed certifications to meticulous safety and testing specifications. When a semiconductor manufacturer signals that they will no longer produce a component intrinsic to the design, a critical question ensues – find an alternative source

Read More