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Recent Articles
What Is S&OP And Why It Matters For Supply Chain
Struggling with shortages or excess inventory? S&OP helps balance supply and demand. Learn how it works and whether it's right for your company.
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Developing a Long-Term Strategy to Reduce Costs for Electronic Components
Learn how to develop a long-term strategy to reduce electronic component costs, optimize sourcing, and work effectively with EMS providers for lasting savings.
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The Hidden Costs of Transactional Work in Procurement
Uncover hidden costs of transactional tasks and learn to prioritize cost management, supplier relations, and resilience in procurement.
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How Manufacturers and Distributors Set Electronic Component Prices
Have you ever heard large Electronics Manufacturing Services (EMS) companies have a price advantage because they buy in high volume? This misconception, usually perpetuated by large EMS companies, suggests that their size and scale automatically translate into better pricing for you. However, the reality of how electronic component pricing works is far more complex and nuanced. In fact, relying solely on your EMS partner to manage component costs
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Want to Master Procurement? Follow These 10 Influencers and Thank Us Later
We know, we know—just what you need: another list of people to follow on LinkedIn, right? But trust us on this one. These 10 procurement influencers are not just your average content sharers. They're the ones who turn your mundane Monday mornings into a masterclass on procurement. So go ahead, hit that follow button, and prepare to be impressed. 1. Tom Mills Followers: 70,779 Recent Position: Head of Procurement and Supply Chain at Rolls-Royce
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The Seven Deadly Sins of Negotiating
Negotiation misjudgments are often more crucial than brilliant strategies. Like the infamous Seven Deadly Sins, there are key mistakes that can doom you. Are you guilty of making any of these fatal errors? 1. Pride - Failing to Adapt Your Style Why It's a Sin: Pride in your own approach can prevent you from adapting to different negotiation scenarios and counterparts. When you rigidly stick to one style, you may fail to see that each negotiation
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Procurement Under Pressure: Challenging the CFO’s Focus on Cost Reduction Targets
You know you're in procurement when you hear "cost reduction" more often than "good morning." Each quarter, you face a new set of cost-cutting goals from the CFO, often disconnected from the realities of sourcing and supply chain complexities. It's like being in a never-ending episode of "The Price Is Right," except nobody's winning. Let's talk about how to change the script. Understanding the CFO's Perspective (Yes, They Have Challenges Too)
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Beyond Cost Reduction: A Rebel's Guide to Transforming Procurement
Enough with the outdated fixation on cost savings. Modern procurement approaches center on innovation, risk management, and sustainability but some companies just aren't there yet. Respect your stakeholders, but don't let their authority alone determine what is important. Question everything and push back on out-of-date practices. If you do it right, they'll thank you. Your New Superpower: "Influence Without Authority" Need to sway a decision or
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5 Golden Rules for Finding Your Perfect Contract Manufacturer
You're sitting in a conference room, waiting for your contract manufacturer's account team to show up. They're late. Again. This is the third delay this month, and your product launch is less than two weeks away. As your frustration builds, you can't help but wonder if this partnership was a mistake. In this article, we'll reveal five critical rules that could have prevented this situation—and show you how to avoid it in the future by choosing
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Give-and-Take: 6 Ways Engineers and Product Managers Can Help Each Other
Forget everything you've heard about rivalry between engineers and product managers—it's a paradigm that needs to die. Today's tech world moves too fast, and the only way forward is through give-and-take collaboration. This article uncovers six ways engineers and PMs can avoid butting heads and stay focused on the mission. 1. PMs: Share the Big Picture; Engineers: Share Technical Constraints Give: PMs can help engineers by providing a clear
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The ChatGPT Secret That Will Level Up Your Performance
There is a hidden ChatGPT tool that can save you countless hours of manual work. Custom GPTs may be the best-kept secret in the AI world for procurement professionals. Want to know how they work and what they can do for you? Keep reading to find out. Why ChatGPT Is a Big Deal (And What's Next) First, let's update ChatGPT's evolution with several key milestones: GPT-3.5 (November 2022): Public release of ChatGPT, which quickly gained massive
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5 Top Economic Headlines Impacting You
The global electronics manufacturing sector is always grappling with economic volatility, shifting demand, and geopolitical uncertainty. Here's a quick guide to the latest economic news affecting electronics and some actionable steps for managing procurement and supply chain impacts. Economic Slowdown in the North American Electronics Sector Just the Facts The North American printed circuit board (PCB) sector has faced significant headwinds in
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Can We Engineer an Uncrashable Car?
The uncrashable car is not a distant dream. It's an engineering reality in progress. But while we're making rapid strides toward vehicles that can avoid accidents, there are fundamental challenges that still need to be solved. For engineers working on this frontier, the integration of numerous sensor modalities, the complexities of sensor fusion, and the scalability of E/E architectures are key barriers that must be overcome. This article
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Simplifying IoT Development: Meadow as the Ultimate Solution for Embedded Systems
Every company is now a software company, and they have all realized that they need to invest in software. Not only is software changing, but we now have all these connected devices. In fact, we're predicting that by 2030, there will be more than 50 billion connected devices. That's around 20 connected devices per household globally on average. We need a scalable, secure, and enterprise-ready platform for these Internet-connected devices, and I
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The Fight Against Counterfeit Components and How AI Can Help
Counterfeit components are a continuing concern. Even the most vigilant companies can fall prey to fake parts despite stringent quality controls, as counterfeit components are nearly indistinguishable from genuine ones. For supply chain professionals, the ability to identify and prevent counterfeit components from entering production is vital. Failure to do so can result in product failures, financial losses, and even legal repercussions. This
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Solar Energy’s Explosive Growth Is Surprising Everyone
Every day, the sun delivers an astonishing 173,000 terawatts of energy to Earth — over 10,000 times the energy consumed by all of humanity. Once a niche technology, solar power now leads the way in the push to replace fossil fuels. Its current explosive growth is nothing less than incredible, smashing all analysts predictions. Photovoltaic (PV) panels, which convert sunlight into electricity, have significantly improved in efficiency, and the
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How Gen Z is Revolutionizing LinkedIn Networking
Gen Z is doing what many thought was impossible: making LinkedIn cool. Forget the boring, cookie-cutter profiles and robotic networking tactics. This generation is bringing authenticity and creativity to the forefront of professional networking. It's time to stop resisting the change and start learning from the digital natives who are taking over LinkedIn. Who Are These Gen Z-ers Anyway? Defining the Generations: Let’s get our facts straight
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