Covid-19 & Risk

It seems like it never ends. MLCC and other component shortages from automotive market expansion in 2018, tariffs driving sourcing changes in 2019 and now, in 2020, Coronavirus taking us into completely uncharted waters. Despite some interesting environmental new (for some interesting NO2 pollution photos from the crisis, see https://www.visualcapitalist.com/coronavirus-lockdowns-emissions/), it’s not good at best and possible catastrophic for some. For others like on-line retailers there is a spike in overall demand which (15% to 30% growth) since Covid-19...

Towards “20/20 vision” in 2020

It’s hard to believe, but already the third decade of this century is around the corner.  This certitude had me reflecting this week as I commuted to the optometrist. Most adults have an annual ritual of going to an optometrist for an eye exam. They emerge with a prescription for new lenses or, in some cases, reasons for laser eye surgery. Stated another way, they benchmark their vision against an established standard and take corrective action when anomalous outcomes develop....

New Standard Lytica Commodity Names

This week Lytica began using new Lytica commodity names in our online Component Cost Estimator (CCE)  product. In CCE, we will be displaying what we refer to as the Major Commodity name; the underlying construct consists of finer levels of granularity ranging from Super, Major, Sub and so on in order to classify the components. For some components, we may also show the sub commodity if it aids in classification recognition. Aligned with the commodity designation is the component attribute,...

Ken, your engine is revving a lot of RPMs!

How Lytica became a unique analytics company: Part 20 This blog’s title is an email quote from a customer trying the extreme shortages mitigation approaches outlined in my last blog. He was surprised by the number of alternatives we tabled for him. This individual is one of the best supply chain professionals I know. He works for one of our clients in the Bay area and has worked for a number of industry leading telecom and computer companies. I can guarantee...

Characterization and Prediction using SPC

How Lytica became a unique analytics company: Part 14 Characterization and prediction are two of the things we are working on in our Advanced Technology Center (ATC). When you look at what all of our effort in AI technology and data science deliver, it is really the ability to characterize your supply chain performance against accurate reference sources and then make predictions about how specific actions could improve your situation. All of our work is focused on getting reference information...

Sustainability is a Must-Have not a Nice-To-Have

Sustainability is not a buzzword anymore, however, the concept of sustainability remains abstract and complex if it lacks context to make it relatable to people’s day-to-day experience. Though everyone may have different understandings and interpretations of sustainability, we all know that the goal is to minimize negative environmental impact resulting from human activities. This explains why food & beverage, pharmaceutical and apparel industries are taking a lead in sustainability and supply chain transparency. For electronic products, sustainability will never come...

Manufacturing Sector- The Growth Engine of the Economy

GDP dynamics - An important factor for developing supply chain strategies Manufacturing sector has been the growth engine of the global economy for the better part of the last two centuries. The transition from an agrarian to manufacturing economy is still an important indicator of growth, prosperity and rise in living standards for a country. For developing nations, improving and investing in the manufacturing sector continue to be a strategic focus area. Even for a country like India, which has a...

 Supplier Customer Diversity Sensitivity and Resilience

In my last blog, Supply Chain Crash Test, I asked if your supply chain could withstand a tsunami like event that might wipe out many component suppliers who serve supply chains of the OEM or EMS companies that would cause it. I asked you to postulate what would happen if Apple had experienced the Samsung battery problem; this would be a tsunami … do you know the impact it would have on your supply chain? In the blog, I stated...

“We supply the science – you supply the art”

In October, I attended the i2030 National Manufacturing Summit in Ottawa Canada, co-hosted by industry groups the CME (Canadian Manufacturers and Exporters) and the CMC (Canadian Manufacturing Coalition). The agenda was geared towards manufacturers and, considering our customers worldwide are comprised of OEM, EMS providers and ODMs, it was certainly topical and relevant to Lytica. Many of the discussion threads touched on the 4th industrial revolution or Industry 4.0 for short.  For the purposes of a refresher and setting the context,  the...

Catastrophic Risk Prevention

Analyze financial health to prevent catastrophic risk in your supply chain With increasing occurrences of disturbing events, such as companies going bankrupt, how to predict and prevent the catastrophic risk becomes one of the most important considerations of executives and managers. Such events could adversely impact production and order fulfillment, resulting in financial loss as well as brand damage. Considering data collectability, accuracy and comparability, data from financial statements is applied to evaluate and predict the catastrophic risk. Financial Risk Evaluation Measures...