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The current high demand for electronic components has ‒ ultimately ‒ led to a severe shortage. While this has had a detrimental effect on supply chains, many manufacturers believed this would be a temporary situation. However, this component shortage may be here longer than expected. In today’s market, the supply and demand imbalance is defined…
Time is of the essence during the ongoing electronics revolution. Companies in all industries across the board are struggling to stay ahead of the game in this ever-evolving world. It may feel like you’re one step ahead, but, in fact, you’re actually two steps behind. Obsolescence has become an urgent issue which manufacturers are more…
Component price inflation, escalating consumer demand, and suppliers’ inability to expand production has quickly turned BOM monitoring from a luxury into a critical element of a successful supply chain. In a recent press release, Gartner predicted that “component shortages, rising bill of materials (BOM) and the resulting prospect of having to raise average selling prices…
The benefits of adopting a BOM monitoring service need no elaboration. Lead times for once commoditized passive components are now approaching near historic highs — in some cases beyond 52 weeks — and as component manufacturers continue to ramp up production to meet escalating demand, the lifecycles of their offerings continue to shorten. The problem…
When an OEM or EMS provider decides to adopt a BOM monitoring service into their supply chain, what do they expect to receive? And once it has been received, does it really provide what today’s supply chain requires? If we are discussing the vast majority of offerings currently available, the answer is relatively simple. With…
Since the early 1900s when Henry Ford pioneered the original assembly line, the evolution of the supply chain has been tightly linked to the auto industry — and ever since it has been held up by manufacturers as a shining beacon representing what a supply chain is capable of. Compared to most modern manufacturers, auto…