Procurement & Global Sourcing of Electronic Components
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Successful procurement and global sourcing of electronic components require a well-organized approach, worldwide effective manufacturer, supplier relationships, and a keen understanding of market dynamics and industry trends. This is a critical aspect of the electronics manufacturing industry, as it directly affects product quality, cost, and supply chain efficiency. It’s a dynamic process that demands adaptability and a proactive approach to ensure a steady supply of high-quality components for electronics manufacturing.
At Excelzon we exercise the following key aspects / steps in the procurement and global sourcing of electronic components:
- Supplier Selection and Qualification,
- Component Specification and Requirements,
- Market Research and Global Sourcing,
- Negotiation and Contracts,
- Supply Chain Risk Management,
- Quality Assurance,
- Logistics and Transportation,
- Inventory Management,
- Communication and Collaboration,
- Continuous Improvement
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