Deloitte - chief procurement officer survey

Procurement’s Biggest Priorities: Cost, Risk, & New Product Development

Cost reduction, new products/market development, and managing risks continue to be the biggest priorities for procurement leaders, according to Deloitte’s global chief procurement officer (CPO) 2018 report. These leaders also are working to better align procurement and business priorities to deliver value by focusing on strategies such as consolidating spend, reducing total life cycle/ownership costs…

Arrow Electronics: A Necessary Evolution in a Perilous Market

Arrow Electronics Inc. is knee-deep in the most consequential evolution in its history, one that has the potential to result in a complete transformation of its business and heavily impact the entire electronics value chain by forcing a reshaping of the design, engineering, new product introduction, procurement and the entire supply chain. Once finished, the…

Purchasing Execs on 2018: ‘Steady as She Grows’

Even as a pro-business tax reform bill awaits its fate, U.S. manufacturers are investing toward growth. Capital expenditures by U.S. factories outpaced expectations in 2017 and will increase further next year. U.S. manufacturers experienced 11 straight months of growth from January through November, driving the nation’s 2017 purchasing index to 57.4 percent from 51.5 last year.…

Hybrid Distribution Model Proliferates

Whether it’s called the open market, independent or non-franchised distribution, the channel that buys and sells excess and obsolete electronic component inventory has changed. A growing number of companies in this niche have ratcheted up their procurement and quality-control practices to the extent that component suppliers and many OEM customers acknowledge independents as a vital…

China Semiconductor Quest: The Last (but) Most Contentious Frontier

China’s desire for a bigger share of global semiconductor production will trigger massive changes in the industry, force further consolidation in the sector and accelerate the re-ordering of the electronics supply chain. EPSNews believes electronics makers must develop a viable response to China’s objective and work with the various governments involved to avoid a partitioning…

Supply Chain Risks Worry OEMs Most: Here are the Top 20

Electronics OEMs count supply chain risks as the most troubling set of challenges their businesses face, ahead of global economic malaise and geo-political issues. Problems such as inaccurate forecasts, sourcing constraints, supplier consolidation, pricing fluctuations, inventory management problems and the negative effects of natural disasters on shipping, procurement and logistics top the list of operating…

Can Millennials Cope With a Component Shortage?

As Baby Boomers make way for Millennials in the high-tech workforce, a new generation gap is yawning. The population reared in the digital age is engaging with colleagues whose golden rule is face-to-face communication. The current electronics market will test the skills of both generations. The electronics supply chain hasn’t faced a severe components shortage…

manufacturing

U.S. Manufacturing: Up, Up and Away

The U.S. manufacturing industry in February expanded at its fastest pace since 2014, according to the Institute for Supply Management (ISM). The ISM’s leading businesses index, the PMI, increased 1.7 percent in February to 57.7 — its sixth consecutive month of growth. New orders played a significant role for the period, increasing by 4.7 percentage…