Supply Management Archives - Page 2 of 3

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

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

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%.

The Goldilocks Effect: What Factors Make a Strategic Sourcing Platform “Just Right”

Any company stands to benefit from automating their material- and service-sourcing processes, and many turn to strategic sourcing platforms to do so. They would do well to begin by clarifying what their strategic sourcing management solution must accomplish according to their specific niche and the most immediate supply chain links that impact their operations. Parts […]

What Are Electronic Component Alternatives?

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.

Pivoting the Electronics Industry to Design for Supply

Sprawling global supply chain shortages and hyper-competitive sourcing ecosystems are forcing electronic product engineers to redesign critical products, extend lead times and design cycles, and grapple with procurement headaches that bog down creativity, innovation, and quality. For many, the approach so far has been to hunker down and get through it.

Let’s talk about what the electronics manufacturing industry can do to address the headaches around increased lead times, redesigns, and the other issues surrounding sourcing/procurement and supply chain shortages.

Managing the Electronics Supply Chain Post-Pandemic

WEBINAR TRANSCRIPT JESIL PUJARA: All right guys, let’s get started. Thanks everyone for joining today. For the webinar the webinar today is managing electronics supply chain post COVID-19. I’m your host, Jesil Pujara, today. And I will, I’ll get things kicked off and then we will start our speakers. So just to give a little […]

Tag: Supply Management