Parts catalog software offers a variety of benefits to companies in the electronics manufacturing industry. The management of thousands of electronic components and tracking of acceptable alternative parts and preferred suppliers is an almost impossible task to perform manually.

Before the advent of e-procurement software, traditional procurement was originally executed through manual processes which relied on fax, email, and phone.

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 Organizations often don’t devote resources to updating these outdated procedures as it is often a lower-visibility task.

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 software and APIs offer efficient methods of exchanging data between business partners, with the potential to transform business procedures throughout the supply chain.

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.

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.

The electronics manufacturing industry has changed dramatically over the past several years, and those changes show no signs of slowing down soon.

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.