Free Trial
Free Trial

Ready to future-proof your supply chain? Register for our latest webinar >>

Tag: Part Shortages

Best Practices for Preventing Employee Burnout in Sourcing & Supply Chain Management

By taking the right steps within your organization, you can more effectively prevent supply chain employee burnout and subsequent increases in turnover. Certain technological solutions can increase productivity, but traditional best practices will also help form a more efficient and healthier workplace. This makes it necessary for employers to take the time to determine what issues their employees face and work with them to resolve them. The more you show that you value your employees and their well-being, the more you can retain them through all types of situations. In turn, your business will benefit and overcome the unique challenges faced in the supply chain profession.

How to Resolve Part Shortages Using Sourcing Software

Resolve part shortages

Most companies today still search for parts one by one and don’t have a solution to help automate the process. However, there is a much better approach that companies can take to resolve part shortages. While it’s often challenging to get a comprehensive, holistic view of part locations and mitigate risk, Part Analytics can simplify the process in a number of ways. Here we’ll go over the benefits of integrating Part Analytics into your company’s operations.

OEMs & CMs Should Collaborate to Face Inflation Head-On with More Innovative Consolidated Buying Strategies

manufacturing facility with two professionals working on project fueled by consolidated buying

Over the past several years, the procurement landscape for OEMs has changed dramatically. Inflationary pressures have grown at an alarming rate, contributing to a marked increase in marketplace instability.
The COVID-19 pandemic caused severe disruptions across the supply chain. For example, a shortage of semiconductors affected entire markets—one industry, automotive manufacturing, had to significantly reduce its production because the chips on which modern vehicles depend simply weren’t available in the required volumes. The natural result of that scarcity was a substantial rise in semiconductor prices.
Even as the pandemic began to abate, the general consumer marketplace was experiencing levels of inflation not seen for decades—by January of 2022 the Consumer Price Index had risen to an annualized rate of 7.5%.

What Are Electronic Component Alternatives?

engineer holding electronic component and discussing alternatives with another engineer

The concept of alternative electronic components may be simple, but its implementation is not. Price is no longer the primary consideration. Availability has become a crucial factor. When drop-in replacements, functional alternatives, and custom equivalents are added to the mix, the complexity of sourcing alternative electronic components increases.

Part Availability Insights Brochure (PDF)

Part Analytics AI-powered solution digitizes manual processes,
captures and analyzes data across the supply chain, and enables
sourcing teams to focus on driving business value.

Electronic Component Shortages Aren’t Going Anywhere: What’s Your Plan?

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, which translates to hurdles as it pertains to keeping the production lines running. Unfortunately, there is no sign of the global electronic shortfall being resolved in the near future.

Ideally, we’ll see an end to the current issues within the next 12-24 months, but it’s likely that your team will need to adapt your methods, processes, and sourcing workflows in order to anticipate future disruptions.