Five Tips for Combating Counterfeit Components

Counterfeit components are a $100 billion industry. Counterfeits are now estimated to comprise between five and 25 percent of all available parts. As the marketplace for engineers has become increasingly fast-moving and competitive, many purchasing professionals and distributors have cut corners to accommodate faster product turnaround schedules. This is has allowed gray market electronics to…

Remanufacturing on the Rise

Some businesses call it refurbishing, others call it remanufacturing. It’s the process of restoring worn products to almost new, and it represents a significant market opportunity for the supply chain, according to the APICS Foundation. Remanufacturing is an area of growing interest for supply chain and operations management professionals, the foundation says. Previously segmented to specific areas…

Counterfeit Components: Are Warnings Enough?

In spite of the electronics industry’s ongoing efforts, there may be no “best way” to fight counterfeit components. One of the hurdles in this effort is the issue of anonymity as it pertains to reporting the inadvertent acquisition a counterfeit. There mere admission that a counterfeit got through a company’s firewall casts doubt on that…

Automotive CEOs: Technological Advances to Transform Business

Technological advances, including digital economy, social media, mobile devices and big data, will transform business in the next five years, according to 79 percent of automotive CEO respondents to PwC’s 17th Annual Global CEO Survey. The survey also finds that 57 percent of automotive CEOs have a program underway or completed, or have a strategy…

Anti-Counterfeit Training Available

One of the provisions of the Defense Federal Acquisition Regulation Supplement (DFARS Case 2012-D055) rule regards the training of personnel in counterfeit-avoidance processes.  Although DFARS is targeted at contractors and subcontractors of the U.S. Department of Defense, the rule also specifies the flow-down of these techniques through all tiers of the supply chain. In the electronics…

Reverse Logistics Firms Pick Customer Satisfaction as Top Objective

A recent survey found that reverse logistics companies rank customer satisfaction as their highest objective after sales. Why did these companies rank customer satisfaction higher than product differentiation, cost savings, and revenue generation? Simple. The power of the people. As consumers we have gotten accustomed to be catered to and to having our needs and…

How Buyers Select PV Modules

Munich, Germany — Buyers rank reliability and quality as more important than price when selecting photovoltaic (PV) modules, according to a recent survey of solar module purchases conducted by IHS Technology. Survey respondents were given choices including reliability, quality, pricing, efficiency, weight and size, and by a wide margin, 99 percent of respondents said module…

5 Top Purchasing Best Practices for the Ages

Editor’s note: This article first ran in 2014 and these recommendations remain ageless. There’s nothing quite like the fresh slate of a brand new year to make buyers think about their current practices and how they can be improved, upgraded, or even completely replaced. If you’re looking to implement one or more best practices this…

Applied DNA Signs Eighth Supplier

One of the problems with developing a standard is they only work when everybody is using them. The electronics supply chain has tackled a number of standards over the years including RosettaNet – a protocol for conducting electronic commerce. Counterfeit prevention is another supply chain issue that could benefit from a standard. Counterfeit parts may…

Risk & Volatility is the New Supply Chain ‘Norm’

The global electronics supply chain is riddled with risk, a phenomenon that won’t go away anytime soon and which companies must respond to by proactively identifying challenges within their operations and then collaborating with partners and suppliers to reduce their exposure, according to Pascal Fernandez, VP of business development at Avnet Velocity, a unit of…