Part Analytics Guides

CHECKLIST BOM Cost Management and Negotiation Preparation Checklist Our BOM cost management and Negotiation Prep Checklist is designed to guide sourcing professionals through the critical steps

In the complex and ever-changing world of electronics manufacturing, design through procurement activities present unique challenges. The need to source electronic components, manage costs, and ensure supply continuity has never been more critical. In such a complex and interconnected global supply chain, achieving total visibility becomes paramount.

Inefficient processes, disjointed data, and global disruptions are forcing engineering departments to walk the proverbial “parts vs development tightrope.” With the right data and the right plan, product engineers can enhance and speed up development, and business can make faster, smarter sourcing and supply management decisions, no matter the market conditions. 

For years, there has been a significant communication gap between electronics manufacturers and their suppliers. This issue is often to blame for many industry woes, from cost increases to needless production delays.

It is not a secret: much of the electronic manufacturing industry acknowledges a need for streamlining and expediating. Yet, there is still lingering reluctance to share information, and that remains the most
noticeable hindrance to improvement.

Shortages continue to be one of the foremost concerns for most organizations in both the electronics and electronic component manufacturing sectors. These periodic disruptions in the supply chain create significant challenges for OEMs and EMSs. It’s likely that your team will need to adapt your methods, processes, and sourcing workflows in order to anticipate future disruptions.