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.
This article originally appeared in the September issue of Procurement Pro. Procurement professionals are uniquely positioned to prevent counterfeit electronic components from infiltrating their companies’ supply chains, fostering a future without fakes. Counterfeit electronic components are costly, risky, and downright dangerous. A single subpar component installed in an aircraft or automotive motor can lead to
Reshoring refers to the process of bringing back manufacturing and production activities to a company’s home country after previously outsourcing these operations abroad. For decades, many companies have offshored their manufacturing to countries with lower labour costs, such as China, India, and Vietnam, to reduce expenses. However, reshoring signifies a reversal of this trend, motivated
In the past, supply chain professionals had some clear tasks, all revolving around the sourcing of products. Professionals were in charge of managing the flow of the resources and products all the way to delivery. Today, their jobs have gotten…well, riskier than ever. Nearly every industry is faced with a supply chain challenge these days,
By now, it’s no surprise that supply chain transparency is the ultimate goal. Transparency has become a must-have in today’s market. The problem is, it’s not always easy to achieve since the process requires companies to invest a lot of time, effort and funds. In some cases, it may even require organizations to change old
Six years after the 2008 global financial meltdown, a University of Tennessee study by its Global Supply Chain Institute indicated 90% of respondent firms did not quantify risk when creating their global supply chains and outsourcing production. Supply chain risk was still largely ignored, even though two thirds of study participants employed risk managers. The
Marketing provides an essential balance in supply chain management. It helps companies and their partners become more focused on customers rather than on the production process. By improving communications, support and collaboration, marketing helps increase supply chain efficiency and create a single extended enterprise with a strong competitive edge. —Ian Linton, Role of Marketing in
