supply chain management

Procurement Pro supply chain management
News

US semiconductor investment boosts production

The US has taken another step in strengthening its standing in the semiconductor industry by finalising a $1.5 billion subsidy to GlobalFoundries (GF) to expand its chip production in New York and Vermont, aiming to create 10,000 jobs. This is part of the CHIPS and Science Act, a $52.7 billion programme designed to grow domestic

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Supply Chain Management Traceability

Procurement prowess: strengthening your supply chain defence against counterfeits 

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

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Supply Chain Management

The fragility of supply chains

Supply chains are tenuous operations, delicately balancing a multitude of reliabilities, so a disruption to any part of the process can have detrimental and far-reaching consequences for businesses and consumers. When disruption does occur, the effects cause ripples that spread and highlight the vulnerable nature of the systems. Strikes, in particular, can expose how quickly

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News

Smith to showcase supply chain solutions at electronica

Smith, a global distributor of electronic components and semiconductors, will be exhibiting at electronica Munich 2024, a leading trade fair and conference for the electronics industry. The event runs from 12-15 November 2024 at Messe München, Munich, Germany. Smith’s team will be available in Hall B5, Booth 331, to discuss its supply chain solutions, market

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Industry Insights Supply Chain Management Sustainability

How procurement teams can navigate sustainability

By Jack Macfarlane, Founder and CEO, DeepStream Technologies Recent research published in the Harvard Business Review has shown a significant increase in consumer demand for sustainable practices, making sustainability a critical threshold for purchase decisions. It is now the minimum standard businesses must meet to show their commitment to the environment and secure client or

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Supply Chain Management

Why testing isn’t enough to prevent counterfeit components from entering the supply chain

Author: Victor Meijers, Senior Vice President, Electronic Components Industry Association Over 10 years ago, the Senate Armed Services Committee issued a report following the discovery of counterfeit electronic parts from China in the Air Force’s largest cargo plane, in assemblies intended for Special Operations helicopters, and in a Navy surveillance plane. In fact, they revealed

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Supply Chain Management

Economic Instability and Supply Chains

A major supply chain challenge is economic instability. We know that supply chain challenges can cause economic instability, but what about the other way around? What impact does economic volatility have on supply chains—especially over an extended period? Supply chain challenges have been back-to-back and overlapping. Even before COVID-19’s demand surge and constrained supply wreaked

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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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Digitalisation

ERP and SCM is all About Risk

Increasingly, businesses are discovering the internal benefits of Enterprise Resource Planning (ERP) to manage business data, maximize systems and working processes while gaining substantial operational efficiency. Externally, Supply Chain Management (SCM) enables businesses to better interact with various suppliers and partners and access the raw materials and resources necessary to bring their products to market.

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Digitalisation

Machine Learning Already Optimizes Supply Chains

Doesn’t it seem that on some level machine learning is still “out there,” somewhere in the future like quantum computing? AI-based applications, machine-learning being one of them, are flooding in and supply chain is a beneficiary. Given the vast amounts of complex data supply chains create, machine learning is adept at analyzing the information, enhancing

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