Building Vendor Relationships in Electronics Distribution

A recent survey conducted by Electronic Purchasing Strategies revealed that electronic purchasing professionals spend an average of nearly 7 hours per week interacting or negotiating with vendors.  This was the most hours of any of one particular task. The survey also revealed contracting and maintaining vendor relationships as their primary job role.   Despite a society…

Positive Disruption from IoT Growth Demands Quality Vigilance

The Internet of Things (IoT) news is all around us and ties directly to very promising forecasts of industry-wide growth from devices to components. However, counterfeiters look to times of change as an opportunity to introduce fraudulent parts into supply chains because change also brings companies into unchartered waters. For those who are not aligned…

The Role of Social Media in Supply Chain Risk Management

A study conducted by Accenture found that supply chain risk management is seen by companies as a priority.  Seventy-six percent of companies who participated in the survey described supply chain risk management as important or very important, and 25 percent of respondents reported that they are planning to make increased investments of at least 20…

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…