Selecting The Right Procurement Software

The global market for digital procurement software is growing extraordinarily fast—nearly twice as fast as the overall software market according to one Forrester report. This news is certainly remarkable, but it is far from surprising. Digital solutions leveraging big data analytics and AI-powered automations have enabled teams to streamline workflows, increase savings, lower costs, improve…

TE Adds Online Store as Part of its Digital Strategy

TE Connectivity, one of the largest and most diverse manufacturers of connectors, sensors and passive components, has expanded its purchasing, pricing, availability and delivery offerings via its TE Store. Although similar services are offered by TE distributors, TE’s chief eBusiness and digital officer Nitin Mathur said there is a large population of global users that…

obsolescence, management, electronics, EOL

Component Obsolescence: Managing the Unmanageable

Manufacturers of long-lifecycle products have been trying to “manage” component obsolescence for decades. The decision to end a device’s useful life (EOL) is solely in the hands of original component manufacturers (OCMs). Therefore, equipment manufacturers (OEMs) have been largely forced into a reactive, rather than proactive, stance in terms of obsolescence management. The challenges have…

How Intel’s Using the Smart Factory to Improve the Supply Chain

Significant change is coming to the manufacturing arena. As artificial intelligence, the industrial IoT and the smart factory begin to transform production, Intel Corp. is gauging the impact such technologies will have on manufacturing and the supply chain — and the humans that oversee these complex operations. The benefits of smart factories are many: autonomous…