7 Steps Toward More Effective Inventory Management

Effective inventory management is necessary for any business, but it’s especially critical for electronics manufacturers and their supply chains. Increased efficiency can maximize profits and sales, lower operating costs and introduce better controls and management processes. “When you have control over your inventory, you’re able to provide better customer service,” said Johnny Marx, an account…

Use TCO as a Sales Tool Against Offshore Competitors

Sixty percent of companies make offshore-sourcing decisions based on rudimentary metrics, such as wage rate, ex-works price or landed cost, often resulting in a 15 to 30 percent understatement of actual offshoring costs. Inclusion of all relevant factors—overhead, balance sheet, risks, corporate strategy and other external and internal business considerations—provides a better determination of the…

transportation, emissions, electronics supply chain

3 Steps to Reduce Emissions in a Complex Electronics Supply Chain

Electronics manufacturers are asking for more sustainability data from suppliers as the meaning of Corporate Social Responsibility extends further up and down the supply chain. These conversations are opportunities to manage greenhouse gas (GHG) emissions from a potentially significant source: freight transportation. From materials-sourcing to manufacturing, distribution, take-back, and recycling, transportation-related GHG emissions data can…

Reduce Payment Cycles Through Automating Accounts Receivable

Few businesses can be considered non-profit organizations. At its most basic, the electronics business is about being paid. Companies that don’t get paid don’t stay around too long and late payments can hinder an organization’s business operations. The accounts receivable (AR) process revolves around the invoice – pulling it together internally, sending it out to…