Supply-chain networks are the lifeblood of any electronics company: No components, no electronics products. So it makes sense for the relationships among all those involved to be efficient, streamlined, and collaborative.
Long ago, there were factory-centric product companies with vertically integrated supply chains; design, manufacturing, and distribution were supervised and managed by a single organization. Today, an increasing number of businesses are turning to third-party suppliers, manufacturers, and distributors around the globe to get their products to market faster and cost effectively. To establish and maintain a dynamic, reliable relationship with suppliers, agile and intelligent solutions are necessary.
Some of those solutions are high-tech cloud-based systems that leverage the connectivity, community, and insights of the network. Others are common-sensical approaches that are too often overlooked. Click the image below for a slideshow of five tips on how to get your supply chain to provide high quality for the lowest cost and to collaborate more effectively.
Today's OEM relies on an interdependent network of partners, each of which has a specific role to play in planning, sourcing, making, and delivering products to market. For this model to work properly, all the partners need the ability to see, share, and act on the best possible information — within the execution window, when outcomes can still be influenced. Mark Woodward, president and CEO of E2Open, told us one of the best-kept dirty little secrets of supply chain management: Though technologies have struggled to keep pace with the new manufacturing model, the products world has remained tenuously stitched together with spreadsheets and manual workarounds. “Lessons learned from cloud-based CRM and procurement programs, plus significant advances in communication standards and cloud security, have laid a solid foundation for the next generation of SCM,” he said. “Cloud computing has the potential to create a wave of game-changing technology innovations for the supply chain, including the functionalities needed to generate and share a single source of truth; to bridge multiple tiers of information siloes and process gaps; and to monitor, recognize, and resolve disruptive events in the trading network.”