The most trusted source of electronic component market intelligence
The most trusted source of electronic component market intelligence
I am disturbed by how many of my friends are unprepared for retirement. I shouldn’t be surprised, however — walk through Wal-Mart or stay at any North American hotel, and you see too many older people, who should be enjoying…
As promised in my previous post, LiveChat Follow-Up on Price Competitiveness, Part 1, I am outlining in this blog the final two actions from my top five steps to ensuring competitive pricing in the current environment. This follows on the…
Several of you have asked for more specific information on how to achieve better pricing, beyond what we were able to cover in last month’sLiveChat. In a two-part response, I want to discuss my top five actions that can improve…
The late Richard Beckhard, industrial psychologist and adjunct professor at the MIT Sloan School of Management, developed an equation for change. He called it a “change equation” when really it was its vector equivalent — progress — but as he’s…
With pricing for metals and ceramic materials on the rise and the inventory of semiconductor components growing, are we at the mercy of these trends when setting the prices we pay for electronic components? My answer to this is “Yes”…
Buyers want to get good value for their money, and sellers want a good return on what is sold. Coming to agreement on what price satisfies both parties involves a process of negotiation. When someone buys, it is a cost;…
I talked to a woman on a plane a few weeks ago; not unusual. She talked about how ineffective many of the HR training programs are in improving performance; again nothing unusual. Her post-doctorate work in this area revealed that…
The Internet, enabled by cool applications, has brought the process of competitive bidding to an entirely new level. Reverse auctions, for example, have squeezed savings out of suppliers in every situation I am aware of. But it’s getting worse for…
We should be grateful that accountants invented the concept of gross margin. The simple formula — revenue minus cost divided by revenue — really becomes valuable once we get past the arithmetic and view it as the extra value seen…