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.
What is Bill of Materials Processing Software?
Bill of Materials processing software refers to applications created to help a company manage the complex demands of bill of materials request tracking.
Electronic Manufacturing Services: 3 Data Management Strategy Essentials
Managing the data in the electronic manufacturing supply chain is a constant challenge in the electronics component industry.
How to Organize Your Electronic Component Database
The electronics component supply chain is incredibly complicated, and the continuing addition of suppliers, vendors, and manufacturers in a global marketplace only adds to that complexity.
What is a Purchase Order?
When obtaining supplies, products, or services from vendors many companies might be faced with the question, “what is a purchase order?”
What is the RFQ Process?
The RFQ process is a standard business practice within the supply chain in which a buyer requests of a supplier, the price and availability for certain goods or services. Other flow down requirements such as quality or contractual obligations may also be incorporated.
3 Considerations For Organizing Your Electronic Parts Catalog
Organizing your electronic parts catalog can be a daunting task for manufacturers, distributors, and purchasers of electronic parts.