Strategy

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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How to Build a Sustainable Electronic Component Supply Chain

It’s not always clear how to build a sustainable electronic component supply chain. In fact, according to EY, only a handful of supply chain executives have the necessary tools to execute sustainability goals.  With good reason.  Doing so inevitably involves balancing multiple aspects of procuring the needed parts for an end product – including cost,

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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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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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