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.
Managing Data Complexity for the Procurement Cycle
As procurement cycle data changes and grows, it becomes more and more complex and difficult to manage manually.
What is EDI Software?
EDI software, or Electronic Data Interchange, facilitates the exchange of information and documents between business partners.
How to Secure Your Supply Chain Throughout the Procurement Cycle
As your company grows, the size and complexity of the procurement cycle grows as well.