Disasters have a way of elevating procurement operations to saviors of the day, week or month. But once a crisis has passed, purchasing reverts back to its identity as a corporate cost center. Covid-19 could strengthen purchasing’s position as a corporate risk-management resource. The pandemic has raised the supply chain to a topic of national…
DetailsIEC Electronics Corp. (Nasdaq: IEC) today announced that it has entered into an agreement to purchase an 86,000 square foot facility in Rochester, NY. The new facility is expected to provide additional capacity and more importantly, access to a larger pool of qualified resources to support future organic growth. Jeffrey T. Schlarbaum, President and CEO…
DetailsVicor Corporation (NASDAQ: VICR) announced today the expansion of its Europe, Middle East and Africa relationship with Arrow Electronics, Inc. (NYSE: ARW) to a global distribution agreement. “We are looking forward to working closely with Arrow to offer highly differentiated modular power solutions to their extensive customer base,” said Rich Begen, vice president of Vicor global distribution and…
DetailsSourceability, the digital supply chain solutions provider, has launched a unique BOM management tool with ‘one-click’ transaction capabilities. Designed for procurement specialists and purchasing departments, the BOM tool delivers on both fast quotes and ‘one-click’ purchasing in a simple, easy-to-use tool. It is available on Sourcengine, the B2B e-commerce marketplace for the electronic components industry…
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A growing amount of waste — in the form of plastics and electronics — is putting increased pressure on the recycling industry and its supply chains. Despite big initiatives by public and private organizations, recycling rates remain low. This increases the chance that plastics accumulate in the environment. Public information on recycling is also limited.…
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Total microprocessor sales are forecast to grow 1.4% in 2020 to nearly $79.3 billion, following a 2.4% decline in 2019, which was the first revenue drop in the worldwide MPU market in 10 years, according to data released in IC Insights’ Mid-Year Update to the 2020 McClean Report. The mid-year forecast shows total MPU…
DetailsTTI, Inc., a leading specialty distributor of electronic components, is pleased to introduce a suite of Application Programming Interfaces (APIs), making it possible for engineering and procurement customers to access inventory, pricing information, and place orders without in real time. APIs drastically reduce the manual effort needed to perform BOM cost roll ups, order placement…
DetailsSyncron today announced significant enhancements to the Syncron Service Cloud including Syncron Inventory 20.1 and Price 20.2, the company’s newest releases. These solutions help Original Equipment Manufacturers (OEMs) improve financial performance and liquidity, minimize service parts supply chain disruption and retain existing customers. According to a recent study by Deloitte, the operating margin of aftersales…
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Machine learning (ML) is positioned to solve a range of supply chain challenges today, but commercializing ML applications lags behind research. Businesses that stand to gain from ML solutions are helping accelerate that process. Last week, MIT’s Computer Science Artificial Intelligence Lab (CSAIL) research alliance launched, via webinar, MachineLearningApplications@CSAIL to develop applications for the latest…
DetailsMouser Electronics, Inc., the authorized distributor with the widest selection of semiconductors and electronic components, announces its new Customer Resource Center, which allows customers to easily take advantage of Mouser’s online purchasing services and tools through a central hub containing everything customers need to optimize the purchasing process. Customers can simply click the name of…
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