State of the Electronic Components Market: April 2023 Cooling Prices and Better Lead Times Lytica is the world’s only provider of electronic component spend analytics and risk intelligence using actual customer data. As a result of our unique position in the marketplace, we’ve been able to work with 100+ customers across industries (including 20% of […]
State of the Electronic Components Market: April 2023 Read More »
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
The 4 Pillars of Procurement Success in 2023 and Beyond: Webinar Recap Read More »
Chief Procurement Officers (CPOs) are under constant pressure to reduce costs in their supply chain. They often try to achieve this goal in two ways: by focusing on doing more with less or by negotiating better pricing on purchased materials. But all too often, efforts to implement cost-cutting initiatives are thwarted by one culprit: messy
3 Challenges To Managing Procurement Data & How To Overcome Them Read More »
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,
How to Build a Sustainable Electronic Component Supply Chain Read More »
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
Creating a resilient electronic component supply chain in the face of a recession Read More »
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
Navigating Toward a World-Class Supply Chain During a Looming Recession Read More »
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
The world around us is changing fast, and the effect on the electronic Supply Chain is no exception. Companies that are winning today are not doing what their predecessors did 10 years ago. Given that things are moving faster, supply chain companies are in a race to ensure business processes allow for more efficiency in
The Acceleration of Everything: How Technology Evolves (Part 1) Read More »
Reactive & Proactive Approaches to a Stronger Supply Chain Lytica is the world’s only provider of electronic component spend analytics and risk intelligence using real customer data. The SupplyLens™ Pro platform was built with one primary goal: arm our customers with the data and analysis they need to build better and stronger supply chains. We
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2020 and 2021 were unusual years, to say the least. COVID-19 turned the world upside down and the effects of what was essentially a global shutdown were felt everywhere – especially in the supply chain. For the team at Lytica, this is just the latest event to cause extreme electronic component market volatility, and for
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