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Navigating the Electronics Components Market: Supplier Strategies and Buyer Challenges

Navigating the Electronics Components Market: Supplier Strategies and Buyer Challenges

Navigating the Electronics Components Market: Supplier Strategies and Buyer Challenges In the intricate dance of supply and demand within the electronics components market, both suppliers and buyers find themselves struggling to navigate through fluctuating landscapes. In 2023, the market narrative consisted of the looming threat of higher interest rates. For suppliers, the challenge can lie […]

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Optimizing Allocation Strategy for Electronic Component Procurement

An effective allocation strategy for electronic component procurement is critical in today’s fast-paced and constantly evolving market.  Outdated procurement methods often lead to a range of issues, such as inflated component prices, compromised quality, and intricate inventory handling. On the flip side of the coin, an efficient strategy helps organizations build a more resilient supply

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The 4 Pillars of Procurement Success in 2023 and Beyond: Webinar Recap

Let’s face it – procurement isn’t easy.  Today’s procurement organizations are faced with the daunting task of becoming both smarter and more agile while also remaining cost-conscious. Needless to say, procurement must think outside the box to create winning strategies for 2023.  But what does this look like?  We recently hosted a webinar with our

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7 Steps to Building a Resilient Electronic Component Supply Chain

A resilient electronic component supply chain can endure, if not avoid, disruption and setbacks. As a result, companies worldwide are looking to invest in supply chain technologies to achieve more operational performance, increased productivity, flexibility, and risk reduction.  Shortages and inflation have resulted from heightened demand, trade restrictions, factory closures, and rising freight costs. In

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Creating a resilient electronic component supply chain in the face of a recession

Electronic Component supply chains serve as product highways creating a clear path from concept to delivery. A great supply chain is frictionless, fast, and efficient. Many factors contribute to the quality of a supply chain, some of which are beyond our control. The past two years have been extremely difficult for supply chains. Even those

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Navigating Toward a World-Class Supply Chain During a Looming Recession

2020 and 2021 were years like no other. First, the global shutdown flipped the supply chain world on its head, exposing inefficiencies with lasting repercussions. Businesses were left with billions of dollars in unsold goods, causing inventory-to-sales ratios to surge for a short time before businesses liquidated these inventories. Then, as the economy recovered, businesses

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Lytica’s Ken Bradley Joins Manufacturing Supply Chain CEOs Podcast, Giving Insight to Procurement on a Global Scale

Lytica’s own Chief Technology Officer, Ken Bradley, recently took some time to chat with Martin Harshberger on the Manufacturing Supply Chain CEOs podcast. They discussed everything from industry challenges to best practices on procurement and approaching negotiations to where he sees the future of supply chain resiliency. As the former Chief Procurement Officer at Nortel

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SupplyLens Pro API – A New Approach to Looking at Supplier Price with 24/7 Access and Connectivity

There is significant value behind giving our customers a heightened sense of confidence and market knowledge before going into negotiations. That’s why we developed SupplyLens™ Pro API, letting us connect with customers’ systems to transfer information faster, more securely, and more accurately. Too many companies are operating on multiple systems siloed from one another. This adds

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