The last 18 months have been some of the most challenging that many of us have had to deal with both personally and professionally. It has often felt like we were riding waves, coming closer to things getting a little more normal, only to have them change radically. Looking forward to the next 18 months, I don’t see those changes getting any easier for us or our industry.
Those of us who make our livings managing supply chain, the time of the year between Halloween and New Year’s Eve is always on the tense side. Known as the “Peak Season”, it seems to start earlier and earlier the more people turn to e-commerce.
New Normal. What is the New Normal? For those of us who work in electronics, most days it feels like a foreign concept. When you consider what our collective industries have gone through since 2018, when the U.S. vs. China trade war started, and the Section 232 and Section 301 tariffs went into effect, now into this Chinese New Year (CNY) and the global Coronavirus pandemic, it seems like the answer to that question is: normal is something we may never see again.
Every year, post Labor Day, most of us are focusing on getting “back to work” and recovering from whatever the summer holidays brought our way. As the weather starts to cool, and the sports start to change, those of us who work in supply chain management, procurement, and shipping immediately turn our eyes to what has become the constant fourth quarter challenge: getting our companies through peak season with no delays or surcharges.
The average American “holiday season” usually begins somewhere around Halloween and continues at a frantic pace through January 1st. For those of us who work in supply chain management, the holiday season has a completely different meaning.
As the benefits and capabilities of vendor outsourcing continue to grow, it becomes more important to know what to look for before committing to outsourcing. Developing a sound evaluation approach while knowing what questions to ask of potential suppliers helps maximize efficiency, saving time and money down the road.
With the uncertainty the global economy has brought over the last decade, it has been challenging for many companies to balance the fine line of just-in-time (JIT) inventory management, being line down, and being over budget on inventory numbers. We live in a world where next day delivery of virtually anything has become a guarantee, or at least an expectation.
When you’re in the process of designing a new product, the last thing you are thinking about is the how the product is going to be packaged for transit. However, failure to prepare for and understand electronics packaging regarding how both your components and your finished unit are going to ship is a costly oversight.
We sit at the height of the largest e-commerce boom in the last twenty years. The way we approach shipping both personally and professionally is changing. Before the brick and mortar stores can even start playing their Christmas music, e-commerce sites are advertising shipping schedules to “guarantee delivery” for free shipping for various holidays. So what does this have to do with buying electronics? A lot.
Any supply chain consists of the different activities that transform natural resources, raw materials, and components into a finished product to be delivered to an end customer. In the case of the electronics supply chain, it typically involves the procurement of raw materials and equipment, development of product that is either shipped directly to a customer or to another link in the supply chain to be assembled into the larger product.