Quiksol provides component purchasing professionals with best practice sourcing advice for managing their supply chains in turbulent market conditions.
Component product lifecycles continue to shorten due to OEMs’ demand for performance. This leads component manufacturers to push their architecture technology forward while balancing manufacturing capacity to serve broader customer market verticals. The downstream effect on supply chain professionals is inevitable end-of-life/obsolescence notifications, longer lead times and product redesign cycles.
Maintaining a resilient supply chain involves continuous ongoing improvement, communication and selecting the right supplier partners.
Compounding product lifecycles with geopolitical tensions, semiconductor technology advancements, expanding market verticals—such as AI—and shifts in consumer demand, the electronic component supply chain will likely continue experiencing disruptions.
To maintain a sustainable supply chain, purchasing professionals are advised to build strong distributor relationships with companies offering a broad range of value propositions to mitigate counterfeit risks, provide end-of-life product lifecycle support, MRP inventory management solutions, material cost reduction programs and component shortage solutions.
Accurate information, communication and transparency between customers and suppliers facilitates the development of tailored supply chain solutions that mitigate disruption. The global electronics supply chain will continue to exponentially expand, becoming more diverse as component manufacturing pushes its technology architecture to new and exciting heights.
Maintaining a pointed focus on a tailored supply chain involves aligning customers’ design and manufacturing demands with the supply side of the equation, while mutually understanding available industry information to employ an exception-based model to streamline routine transactions.
Product lifecycles have always been a factor to consider in supply chain management. Considering the fast-paced evolution of the semiconductor industry, product lifecycle management should be a key consideration now and into the future. Choose a distribution partner with the expertise, supplier network and quality first initiatives to not only respond swiftly to market disruptions but also collaborate with foresight to mitigate disruptions before they become uncertainty.
