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.
Smart manufacturing is a broad concept and is not something that can be implemented in a production process directly. It is a combination of various technologies and solutions which collectively, if implemented in a manufacturing ecosystem, is termed as smart manufacturing. All these technology and solution can be categorized under three broad categories as connectivity,
An RFQ, or Request for Quotation, is the process of asking for the price of exactly what you’re looking for. In other words, a vendor asks another business to provide a quote for specific services or products. The process is a very common operation carried out by purchasing and supply managers, though it can be
Inventory can be defined as the array of finished goods or goods used in production. These goods are either stored in-house or in a warehouse so that a business can meet demand and fulfill orders. For some manufacturers, inventory may look like raw materials and work-in-process. For others, it may be a supply of finished
When we think about procurement, we think of purchasing parts and managing spends. But procurement far surpasses that role. In reality, procurement leaders provide real business value by looking at an organization’s needs and the supply market capabilities that exist. Procurement involves delivering value by lowering costs while increasing quality, and it’s a role that
