Risk Archives - Lytica

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 […]

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

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

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

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

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

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

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

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

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

Navigating Electronic Component Shortages: Strategies and Solutions

Navigating Electronic Component Shortages: Strategies and Solutions Electronic component shortages are inevitable—it’s frustrating but true. But just because they’re bound to happen doesn’t mean that these shortages need to hamstring your organization. If you invest in the right strategies for navigating electronic component shortages, you’ll be able to overcome them with minimal disruption to your

Navigating Electronic Component Shortages: Strategies and Solutions Read More »

Top 3 Business Process Improvement Initiatives for Procurement in 2024:

Top 3 Business Process Improvement Initiatives for Procurement in 2024: What does your procurement team need to do in order to succeed in 2024? There’s no one simple answer. No matter the industry in which your organization focuses, procurement teams are facing levels of uncertainty that are constantly complicated by economic and geopolitical factors that

Top 3 Business Process Improvement Initiatives for Procurement in 2024: Read More »

Jellybeans and Revenue Streams: Rethinking Electronic Component Costs for Business Growth

Jellybeans and Revenue Streams: Rethinking Electronic Component Costs for Business Growth Your business relies on a myriad of components, all of which are necessary, but the overall cost can be hard to keep track of when analyzing your organization’s spending. They end up looking like jellybeans in a jar—the number doesn’t matter, the weight doesn’t

Jellybeans and Revenue Streams: Rethinking Electronic Component Costs for Business Growth Read More »

Navigating the Electronics Components Market: Supplier Strategies and Buyer Challenges

Navigating the Electronics Components Market: Supplier Strategies and Buyer Challenges In the intricate dance of supply and demand within the electronics components market, both suppliers and buyers find themselves struggling to navigate through fluctuating landscapes. In 2023, the market narrative consisted of the looming threat of higher interest rates. For suppliers, the challenge can lie

Navigating the Electronics Components Market: Supplier Strategies and Buyer Challenges Read More »

Optimizing Allocation Strategy for Electronic Component Procurement

An effective allocation strategy for electronic component procurement is critical in today’s fast-paced and constantly evolving market. Outdated procurement methods often lead to a range of issues, such as inflated component prices, compromised quality, and intricate inventory handling. On the flip side of the coin, an efficient strategy helps organizations build a more resilient supply

Optimizing Allocation Strategy for Electronic Component Procurement Read More »

Risk

Products

About Us

Resources

Get in Touch

Products

Solutions

About Us

Resources