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Sustainability

Ethical Considerations in Procurement: Nurturing Transparency, Fairness, and Social Responsibility

Procurement is crucial for any organization, encompassing acquiring goods and services to support business operations. However, this seemingly routine process can significantly impact a company’s reputation, sustainability, and overall success. Ensuring ethical procurement practices is paramount, as it fosters stakeholder trust, safeguards against potential conflicts of interest, promotes fair treatment of suppliers, and upholds corporate

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Supply Chain Management

The Simultaneous Existence of EV and ICE Supply Chains

There’s an unprecedented supply chain transformation happening in the automotive industry. On the electric vehicle side (EVs), experts estimate that manufacturers will spend more than $1.2 trillion through 2030, creating millions of electric vehicles. However, the existing supply chain for internal combustion engines (ICE) still won’t disappear. There are two separate supply chains, and while

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Supply Chain Management

Supply Chains Are Healing, But…

So, yes, there is evidence that supply chains are healing. However, although the worst may be over, most goods transported under contracts cost more. Inflation has wreaked havoc on many segments of the chain. Shipping container cost, for example, from Asia to the US West coast, is up more than 15x, while short-term prices for

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Supply Chain Management

Supply Chain Health—2023

There’s an inherent disconnect when discussing “health” when systemic crisis is the new norm. In 2022 supply chain woes were rampant–from port blockage, rising inflation, slowing demand, the war in Ukraine, COVID lockdowns, elevated inventory, hurricanes, and even MIA employees. Although there were improvements in some of these issues, disruptions to supply chain operations will

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Industry Insights

Power Solutions—GaN, SiC, and Si—What You Should Know

A large variety of power solutions exist between silicon (Si) to wide bandgap (SiC and GaN), enabling design criteria to meet performance, efficiency, reliability, and cost. GaN is becoming the technology of choice. Compared with legacy silicon solutions, it enables lighter, smaller, and more efficient onboard chargers and inverters. In the data center, GaN power

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Industry Insights

The Logistics of a New E.V. Infrastructure

It’s an understatement to say there’s a global push for electric vehicles. While numbers are increasing, there are still underlying concerns regarding the availability of an E.V. infrastructure—including charging capabilities. We have several options when setting up charging opportunities, and from a logistics point of view, the globe is working in overdrive to provide sufficient

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Supply Chain Management

Why APIs are the Answer to Your Procurement Woes

Since the invention of the relay, buying electronic components has been a manual process. Enter 2022, after two years of a pandemic and untold supply chain disasters and shortages, and many buyers are taking a new look at what can be done, including: Modifying the time it takes for purchase approvals Streamlining the quotation process

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Supply Chain Management

How to Nail Procurement Efficiency

Okay, we all know that there are levels of efficiency and that if you have inefficiencies going on now, things won’t be fixed overnight. Efficiency requires process streamlining, documentation, optimization, naturally automation—and also just getting a real grasp on your current status. Being honest about what you need to improve and how you stack up

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