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Electrical, Electronics & Home Appliances



Procurement Software for Electronic Industry



Flexibility is the watchword for electronics companies as disruptive manufacturing technologies, shifting economies of both location and scale, and global consumer demand trends continue to drive radical changes in how products are designed, built and brought to market.

Hardened historic rules of manufacturing are being overturned and competitive barriers to market entry are falling. To compete, procurement specialists in the electronics industry need to think differently about how they build and manage supply networks. The need of the hour is to gain real-time, granular and universal visibility throughout global supply networks in order to:

  • Promote supply-network flexibility and rapid adaptability.
  • Capture innovation (and discover new competition) as it emerges within the supply base.
  • Support ongoing transitions to emerging manufacturing models – for example moving from globalization to localization, from standardization to customization, and so forth.


Intelligent engines for supplier discovery, negotiation and contracting, supplier relationship and performance management will empower procurement specialists to adapt rapidly to shifting requirements of scale, volume, specialization and location in order to help their companies compete successfully in the new competitive landscape.

 
Electronic Industry Challenges
As supply networks become more location elastic, bringing manufacturing closer to consumers, global trade flows are expected to change dramatically.

Key challenges ahead for procurement teams include:

  • Supporting old-new hybrid production models as disruptive manufacturing technologies continue to evolve and mature.
  • Reengineering supply networks to support greater on-demand manufacturing, shorter development and product lifecycles and rising consumer influence over product design and production planning.
  • Continuing to meet rigorous regulatory and environmental standards, including documentation obligations.
  • Exploiting emerging trends – such as open source electronics – to reduce both R&D costs and time to market.

 







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Markit Global Sector PMI   -  IHS Markit
   (Last update: 10 Oct 2017)

Financials, industrials and technology drive global growth in Q3