15 Jun 2021 -
 General

Three ways to cope with chip shortages

What can you do to mitigate against semiconductor shortages? Industry portal, Manufacturing.net, says there are several ways to cope in these trying times and proactively reduce the impact from supply chain disruptions on your business.

They summarise them like this:

1. Forecast early and buy what you can. Work with your hardware provider on an advance purchase program, which can cover specific types of components and minimum stocking levels. 

2. Capitalise on your hardware provider relationships. Measuring success in component procurement is more than squeezing out the lowest costs. Strategic, trusted relationships are immensely influential in the hardware supply chain.

3. Build what you can ahead of time. Can the hardware that runs your technology be fully or semi-configured and held in stock ahead of customer orders?  Especially for components with shorter lifecycles like GPUs, having a safety net of product inventory may reduce or prevent lost sales, extend lifecycles, and even make you look like a hero to your customer.

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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