Product Cost Archives

How Top Procurement Teams are Achieving Best-In-Class Spend Results in 2024 and Beyond

How Top Procurement Teams are Achieving Best-In-Class Spend Results in 2024 and Beyond A shift is happening in the electronic component market. An optimistic return to normalcy after the worst of the COVID-19 pandemic has caused electronics manufacturers to change their procurement strategies once again. But what are the top procurement minds doing today to […]

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Sustainability and “Green Sourcing” – Can It Be Done Without Adding Cost and Complexity?

Sustainability and “Green Sourcing” – Can It Be Done Without Adding Cost and Complexity? Sustainable procurement — or “green sourcing,” as it’s often called — has increasingly become a top priority for electronics manufacturers across the globe. The goal of green sourcing is to reduce the environmental impact of one’s supply chain by purchasing recycled

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Not Receiving Your Ideal Price From Suppliers? Check Your Business Terms and Conditions

Not Receiving Your Ideal Price From Suppliers? Check Your Business Terms and Conditions The relationships between businesses and their suppliers (also referred to as vendors) is a complicated one, and one which we’ve discussed before. While in the past, we’ve explored how factors such as market changes, environmental issues, and economic waves can affect how

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Lytica’s CEO Weighs In on Team-Building, AI & What’s Next for Procurement

Lytica’s CEO Weighs In on Team-Building, AI & What’s Next for Procurement Martin Sendyk, Lytica’s President and CEO, was recently interviewed by ProcureTech as part of their series featuring ProcureTechSTARS — the digital Procurement CEOs and Founders who are transforming Procurement and the enterprise. Prior to joining Lytica in 2020, Martin held senior-level positions with

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Enhancing Electronics Manufacturing Efficiency with Best-in-Class Approved Vendor List (AVL) Creation and Maintenance

Enhancing Electronics Manufacturing Efficiency with Best-in-Class Approved Vendor List (AVL) Creation and Maintenance In today’s fast-paced electronics manufacturing industry, staying ahead of the competition requires optimizing every aspect of the production process. One crucial element that can significantly impact efficiency and results is the creation and maintenance of a best-in-class Approved Vendor List (AVL). This

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Creating a resilient electronic component supply chain in the face of a recession

Electronic Component supply chains serve as product highways creating a clear path from concept to delivery. A great supply chain is frictionless, fast, and efficient. Many factors contribute to the quality of a supply chain, some of which are beyond our control. The past two years have been extremely difficult for supply chains. Even those

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Navigating Toward a World-Class Supply Chain During a Looming Recession

2020 and 2021 were years like no other. First, the global shutdown flipped the supply chain world on its head, exposing inefficiencies with lasting repercussions. Businesses were left with billions of dollars in unsold goods, causing inventory-to-sales ratios to surge for a short time before businesses liquidated these inventories. Then, as the economy recovered, businesses

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SupplyLens Pro API – A New Approach to Looking at Supplier Price with 24/7 Access and Connectivity

There is significant value behind giving our customers a heightened sense of confidence and market knowledge before going into negotiations. That’s why we developed SupplyLens™ Pro API, letting us connect with customers’ systems to transfer information faster, more securely, and more accurately. Too many companies are operating on multiple systems siloed from one another. This adds

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The Rate of Acceleration and Its Effect on the Supply Chain’s Future (Part 2)

It’s not news that COVID-19 flipped the supply chain ecosystem on its head, revealing cracks in an industry ripe for disruption. The gap it caused between supply and demand made it hard to get an holistic overview of the market, as quality, supplier search, and price fluctuations were in disarray. Not to mention, the ‘acceleration

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Supply Chain Learnings 2021

With a tumultuous 2021 coming to a close, what are you doing to ensure you’re ready for 2022? Take a look at a few Supply Chain Learnings from 2021 and how to best prepare for the year ahead, whatever the electronic component market may bring.

Supply Chain Learnings 2021 Read More »

Product Cost

Navigating Toward a World-Class Supply Chain During a Looming Recession

SupplyLens Pro API – A New Approach to Looking at Supplier Price with 24/7 Access and Connectivity

The Rate of Acceleration and Its Effect on the Supply Chain’s Future (Part 2)

Supply Chain Learnings 2021

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