21 May 2021 -
 General

Robust forecasting is key to solving supply-chain volatility

Source Today says there is a solution for semiconductor manufacturers to better prepare for dynamic market transformations like the current chip shortage: invest in better software.

“Several changes are required to address each of these needs. A comprehensive, integrated business platform eliminates spreadsheets, manual processes, and islands of information from disparate software systems. This is particularly important for the chipmaking industry, which must not only deal with continuous change, but also play a pivotal role in supplying countless other manufacturers.

“With that comes access to integrated analytical and simulation tools. Market predictions should be made based on real-time data rather than market trends, sales history, and even educated hunches.

“Chipmakers must gain the ability to model their supply chain and production capabilities in a single planning environment, one that supports what-if scenarios and allows supply chains to be optimized based on various corporate KPIs. The resulting information also should be seamlessly tied to the production floor, where dynamic, flexible, demand planning capabilities help drive efficient manufacturing processes and reduce waste.”

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

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