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…

Excess and Obsolete Inventory: Everybody’s Responsible

The Supply Chain Resource Cooperative held its first ever “Executive Roundtable on Excess and Obsolete Inventory” on the NC State campus on October 25, 2017. The event was attended by 25 executives from a variety of different industries and backgrounds. Inventory Management Partners, LLC sponsored the event, and helped craft the format and content for…

How to Extract Maximum Value from Excess Electronic Inventory

What if I told you that you had many thousands, perhaps millions of dollars slowly evaporating on your warehouse shelves? If you are a manufacturer of products that incorporate electronics, this situation almost certainly describes you. Inventory oversupply, mismatches and material obsolescence are perpetual pain points in the electronics supply chain. It’s a knotty, multi-billion-dollar…

Supply Chain Strategies for ‘Industry 4.0’

Visibility. Agility. Efficiency. Networking. All of these attributes apply to today’s electronics supply chain. Since the memorable component-inventory glut of 2001, the electronics industry has applied both tools and processes to improve inventory management, share meaningful data, reduce costs and keep partners connected. Few experts would claim, however, that there’s no room for improvement. The…

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…

Electronics Vendors still Caught in Inventory Trap

The electronics industry’s cyclical downturns and upcycles may have become less vicious over the last decade but it appears enterprises in the sector have still not fully sorted out the inventory challenges that have for long been the bane of the market, according to a research firm. Whatever the nature of the inventory – finished…