Security of Supply Archives

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 Outdated procurement methods often lead to a range of issues, such as inflated component prices, compromised quality, and intricate inventory handling.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 […]

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The Procurement Pendulum & What To Do About It

Managing your supply chain has never been more important – or more difficult. Pendulum swings throughout the supply chain as a result of new changes in consumer demand can wreak havoc on production and business operations for manufacturers, wholesalers, and retailers alike. Even worse? This pendulum swinging creates product inventory unaligned with actual consumer demand,

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The 4 Pillars of Procurement Success in 2023 and Beyond: Webinar Recap

Let’s face it – procurement isn’t easy. Today’s procurement organizations are faced with the daunting task of becoming both smarter and more agile while also remaining cost-conscious. Needless to say, procurement must think outside the box to create winning strategies for 2023. But what does this look like? We recently hosted a webinar with our

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7 Steps to Building a Resilient Electronic Component Supply Chain

A resilient electronic component supply chain can endure, if not avoid, disruption and setbacks. As a result, companies worldwide are looking to invest in supply chain technologies to achieve more operational performance, increased productivity, flexibility, and risk reduction. Shortages and inflation have resulted from heightened demand, trade restrictions, factory closures, and rising freight costs. In

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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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Electronic Manufacturing Services (EMS) & the Power of Spend Benchmarking

When it comes to supply chains, there are many moving parts – both literally and figuratively. Having a solid understanding of the supply chain process and all related costs ensures that you stay in control. Understanding pricing, specifically for EMS companies, offers a competitive advantage for the manufacturer and the client. Electronic manufacturing services (EMS)

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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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Lytica’s Ken Bradley Joins Manufacturing Supply Chain CEOs Podcast, Giving Insight to Procurement on a Global Scale

Lytica’s own Chief Technology Officer, Ken Bradley, recently took some time to chat with Martin Harshberger on the Manufacturing Supply Chain CEOs podcast. They discussed everything from industry challenges to best practices on procurement and approaching negotiations to where he sees the future of supply chain resiliency. As the former Chief Procurement Officer at Nortel

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The Acceleration of Data: Requiring Companies to Speed up, Work Faster, and Prepare for the Future (Part 3)

In a previous post, we discussed how technology’s rate of adoption is getting increasingly shorter, and faster. For those companies remaining stagnant in legacy systems, the hustle needed to catch up to those businesses that have adopted innovative solutions more quickly becomes insurmountable. It also reveals several operational pain points. Focusing on business adoption enables

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Security of Supply

7 Steps to Building a Resilient Electronic Component Supply Chain

Electronic Manufacturing Services (EMS) & the Power of Spend Benchmarking

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

Lytica’s Ken Bradley Joins Manufacturing Supply Chain CEOs Podcast, Giving Insight to Procurement on a Global Scale

The Acceleration of Data: Requiring Companies to Speed up, Work Faster, and Prepare for the Future (Part 3)

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