03 Nov 2020 -
 General

Is Covid testing your JIT inventory model? Try something different

OEMs should consider sourcing for the long term versus just-in-time inventory models because forecasts during this pandemic can lack visibility, recommends Evertiq, news network for the global electronics supply chain.

“Early on in the pandemic, many organisations around the world were rushing to obtain the same material at the same time due to lack of inventory. For some OEMs, reducing risk could mean holding a higher amount of inventory on their premise or moving manufacturing operations closer to home base, in order to increase flexibility, comments Charlotta Linnell, in Evertiq, adding, “For others, paying a reasonable insurance premium that reduces risk over time could be the right approach.”

She adds that OEMs that work closely with partners, suppliers and customers are better equipped to navigate unforeseen events.

“COVID-19 is a significant event that will have a lasting impact on the way that manufacturers, suppliers and partners work together. It has presented an opportunity for OEMs to re-evaluate the old way of working and determine how the supply chain can work differently to most effectively meet sourcing challenges in the future.Astute Electronics – Bringing you Safe Supply with the latest insights from trusted sources,” concludes Linnel.

To avoid electronics supply-chain disruptions, you may also wish to consult an expert in electronics component supply. With more than 27 years of supply-chain expertise, Astute Electronics is ideally placed to work with you on your daily component requirements.

Either through the hundreds of manufacturers we purchase directly from, or the international network of component supply-partners offering full product traceability, Astute Safe-Supply, run by sourcing experts and offers a deeper insight into the global components markets.

With real-time access to the latest listings and prices cultivated through several decades of close supplier partnerships, we are able to spot price disparities and leverage product price variances to deliver cost-effective solutions to customers, whilst ensuring a quality, risk-free supply.

For more help with looking at supply chain options, contact Astute Electronics here

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