How to Simplify Purchase Order Management
Throughout the electronics manufacturing industry, purchase order management frequently leads to inefficient and manual processes. Organizations often don’t devote resources to updating these outdated procedures as it is often a lower-visibility task.
Eliminate Outdated Processes for the Procurement Cycle in the Supply Chain
Procurement is an area where companies tend to implement legacy systems and processes that are rarely reviewed, overhauled and improved.
RFP, RFQ, and PO Process: Breaking Down the Difference
In many cases, the acronyms used to describe distinct business activities throughout the electronics manufacturing industry, such as the RFP, RFQ, and PO process, can become all too confusing.
EDI, Supply Chain, and APIs: How do they work?
EDI software and APIs offer efficient methods of exchanging data between business partners, with the potential to transform business procedures throughout the supply chain.
How to Organize Excel for (BOM) Bill of Materials
Creating a (BOM) Bill of Materials for business partners is a time consuming, difficult process to complete manually. Sales teams must review rows of spreadsheets and paperwork for information, cross-referencing between different items, vendors, suppliers, acceptable alternatives and more.
How to Implement EDI Without the Cost
EDI is a means of transferring data electronically and currently provides enormous benefits for companies in the electronics manufacturing supply chain.
Double Ordering of Electronic Components Hits ‘All-Time High’
Increasingly, distributors are struggling to manage and respond to the double ordering of electronic parts. Overwhelming demand for passive components and the massive growth of the Internet of Things (IoT) is driving this supply chain crisis.
4 Ways the Electronics Manufacturing Industry is Changing
The electronics manufacturing industry has changed dramatically over the past several years, and those changes show no signs of slowing down soon.
How Blockchain Integration Impacts Electronics Manufacturing Professionals
Blockchain integration is a new technology that’s revolutionizing various businesses and industries. With blockchain or distributed ledger technology, an organization has access to incorruptible, verifiable transaction records that automatically update for all parties in real-time.
RFQ Definition: How Automation Will Streamline Your Business
An RFQ, or Request for Quotation, is a document submitted to potential suppliers and returned with an itemized list of prices. RFQs are preferable for items that are exact and quantifiable, like hardware or components.
Four Things to Look for in a Purchase Order Management System
Companies within the electronic manufacturing industry that implement a purchase order management system find that automation can transform their previously manual processes by streamlining their business, and giving valuable time and resources back to their team to focus on high-level strategic initiatives.
4 Ways to Improve Purchase Order Management Workflows
Organizing and streamlining your purchase order management often involves time-intensive processes that consume valuable employee resources.