Michael Ackers, Business Development Director of Sanmina, one of the world’s longest serving contract manufacturers, gives his insights into how the electronics supply-chain may actually benefit from adaptations to Covid.
According to Ackers, “The pandemic has presented an opportunity to re-evaluate the old way of working – linear supply chain planning and forecasting, a sole focus on cost, ‘just in time’ inventory models and siloed business practices – to determine how the supply chain can work differently to most effectively meet sourcing challenges in the future.”
He suggest that electronics supply chain specialists should focus on number of improvements including:
- Closer collaboration between suppliers.
- Focus on total cost of ownership (TCO) versus product price.
- Flexible product designs – design for manufacturing (DFx).
- Security of supply.
- Multi-regional manufacturing.
- Digital transformation.
He concludes that the new “winners” will be those who understand what the customer wants and can continuously adapt their strategy to meet these needs – faster than the competition.
To avoid electronics supply-chain disruptions, you may also wish to consult an expert in electronics component supply. With more than three decades 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
