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.
By Wendy Baldwin, Manager, Digital Technology Officer, DigiKey The benefits of using automation to turbocharge manual, time-intensive, and monotonous business processes have been well documented. Companies of all sizes and across all industry sectors in Europe are reaping the rewards of automation, and their procurement departments can benefit significantly from these investments. Not only does
SDVerse, a US joint venture, unveiled the world’s first B2B online marketplace for software products in the automotive industry in Detroit on 30th September 2024. FEV, a global engineering services provider, supports the platform’s founding members General Motors, Magna, and Wipro as a launch partner with more than 30 of the company’s software products. These
As a fast-moving sector engaged in a strategy of continuous optimisation of design and manufacture, the electronics sector continually faces the prospect of older components and subsystems being obsoleted by newer products and removed from the supply chain. Jean-Noël Mamousse, Design Office Manager, GAIA Converter further explores. The replacements offered by suppliers may demonstrate similar
When it comes to sourcing automotive-grade electronic components, engineers must be mindful not only of the availability of parts but also of their quality, reliability, and compliance with strict safety standards. The components used in vehicles, whether for engine control units (ECUs), infotainment systems, or advanced driver assistance systems (ADAS), are crucial to the overall
Second sourcing is a procurement strategy that involves a company identifying and engaging with an additional supplier for a specific component, material, or service it requires. This alternative supplier serves as a backup or supplement to the primary supplier, ensuring that the company is not solely dependent on a single source. The practice of second
The automotive industry is navigating an unprecedented semiconductor shortage, driven by a confluence of factors ranging from the COVID-19 pandemic to geopolitical tensions. For procurement professionals tasked with ensuring continuity in production and product innovation, understanding where and how to source these chips is an important part of their roles. Direct sourcing from manufacturers Sourcing
Effective supplier relationship management is crucial for electronics procurement professionals. Building strong partnerships with suppliers can lead to better quality products, reduced costs, and a more resilient supply chain. Here, Procurement Pro offers some top tips for managing supplier relationships in the electronics industry. Establish clear communication channels Clear and consistent communication is the cornerstone
By Olivier Berrouiguet, CEO at Synertrade Reputation management is crucial for long-term success, enabling companies to improve credibility, market value and stakeholder relationships. A strong reputation can take years to create and can significantly transform public perception. However, a business’s reputation can also be negatively impacted instantly. This can prove costly and reversing the damage
Author: Adam Fletcher, Chairman of the Electronic Components Supply Network (ecsn) Many column inches have been written over the past few years relating to supply and demand imbalance in the global electronic components supply network as the global market transitions from ‘Starvation’, through ‘Headache’ to where we are in Q1’24, the ‘Indigestion’ phase, as inventory
In recent weeks, the USA has intensified its stance against Russia. Numerous organisations, individuals, and companies, including Mornsun, a provider of power supply solutions and DC/DC converters, are now subject to strict US sanctions. Sebastian Fischer, Co-CEO of the Traco Power Group answers questions on the impact of these sanctions. What impact could these measures
