Procurement Execs Tighten Their Belts

U.S. manufacturing has been on a bumpy ride for the last five months: The Institute for Supply Management (ISM)  has reported industry contraction since October 2015. The pace of contraction slowed a bit in February and is inching closer to a level of 50.0, the demarcation line between growth and contraction on the ISM index.…

Benchmarking: It Assures Better Pricing

Over the 4 years since Lytica Inc. launched our electronic component benchmarking tool set, we’ve concluded there are 4 reasons why companies don’t benchmark their electronic component expenses for competitiveness. There are assumed to be four reasons why companies don’t benchmark component prices. These are: Comfortable with the status quo Believe they are getting great/better…

Supply Chain Goals Misaligned with Execution

An optimal supply chain relies on alignment – between supply and demand, or goals and execution – for success. But a recent report has found a significant misalignment between the business objectives of a strategic supply chain and the resources dedicated toward achieving that goal. Of 250 senior manufacturing executives polled by GT Nexus, which…

Avnet Doubles Down on Embedded Systems

The value of embedded systems in the distribution channel was reinforced in recent weeks as Avnet Inc. dedicated global sales and support resources to the embedded market segment. Ed Smith, president of Avnet Electronics Marketing, Americas, was named as senior vice president of Avnet embedded systems,  global, earlier this year. For the past year, Smith has overseen both…

Advocate Says Reshoring’s Down, But Not Out

Although the pace of U.S. reshoring decelerated in 2015, one manufacturing expert says the trend is far from standing still. A recent report released by consultancy A.T. Kearney concluded that the U.S. reshoring train “has yet to leave the station.” The Reshoring Initiative (www.ReshoreNow) disagrees. “Repeated surveys by Boston Consulting Group, Plastics News/Nexant, Alix Partners…

Survey to Gauge Social Media Use Within Supply Chain

Which social media networks are most effective for companies within the logistics and supply chain industries? What are the key benefits realized by companies who use social media?  What challenges do companies face? Fronetics Strategic Advisors, a management consulting firm, is conducting its annual survey on social media within the logistics and supply chain industries. …

Seagate Moves to Demand-Driven Supply Chain

Seagate Technology has reinvented itself several times since its founding in 1979. Seagate is now the largest disk drive manufacturer in the world with $8 billion in revenue. It was also one of many of the disk drive suppliers that were impacted by devastating floods in Thailand in 2011. Although not directly a result of…

Avnet Builds ‘Supply Chain of Things’

Users and consumers are beginning to see the types of gadgets that will eventually comprise the Internet of Things (IoT). What many can’t yet visualize are the unseen parts of the IoT – the software and services that ultimately are going to determine whether the IoT becomes as ubiquitous and conventional as cellular technology. “Services…

CEOs: Many Businesses Lack Resilience

The electronics industry — in fact, most industries — acknowledge that the supply chain must be resilient. In order to accomplish this, however,  businesses themselves have to have resilience embedded in their infrastructure and practices. But only 29 percent of CEOs polled by the British Standards Institution (BSI) and The Economist Intelligence Unit (EIU) believe they…

AS6496 Anti-Counterfeit Standard is Taking Root

Authorized distributors have had more than a year now to come to terms with the SAE Aerospace 6496 standard for dealing with fraudulent and counterfeit electronic components, and there appears to be growing acceptance and support for the standard, at least among U.S. companies. “Pretty much all the major North American authorized distributors have signed…