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In the "new normal," the work of electronics manufacturing has become more difficult and complicated. However, companies can find success in the contemporary landscape by embracing new technologies that track component availability and price fluctuations.

From pandemic to strained tensions between nations, many things can disrupt a supply chain. And once disrupted, projects are put in jeopardy and production lines cease. Here are 3 steps that might help your risk mitigation strategy in the 21st century.

In the wake of the novel coronavirus, having a solid e-procurement strategy is key. Gone are the days of traditional buying as e-procurement platforms are revolutionizing the electronic components industry.

What’s the number one priority for your supply chain management system?

Product lifecycles are directly linked to electronic parts procurement. The sooner you grasp the importance of your product lifecycles, the better off your entire sourcing staff will perform.

Are you making the best possible purchase for your company in terms of value, reliability, and price? The lack of a viable supply chain management (SCM) process to browse, select, and source electronic parts has a significant negative impact on ROI.

While most project managers, engineers, and product supply chain personnel don’t consider the BOM an order-ready resource, today’s advanced supply chain software (SCM) enables easy integration and ordering for even the most data-rich BOMs.

Do you know where your electronic parts are coming from? More to the point, are you making the best possible purchase for your company in terms of value, reliability, and price?