In terms of active management and evaluation of data, the real-time connection, data standardization, flexibility, scaleability and total cost of ownership — nothing beats API.

When managed properly, the RFQ system can be used to provide consistent information across functional and geographic silos, increasing the engagement of stakeholders, and saving time and resources while eliminating errors.

Over the next ten years, electronics manufacturing professionals can expect to see the industry and their common practices evolve even more rapidly as e-procurement technology grows and becomes more globally accessible.