Given supply chain challenges, the difficulty in finding local manufacturers, and the growing demand for specialized components for complex designs, it is important for electronics manufacturers to employ thoughtful sourcing strategies.
The strategies we recommend are:
1. Multiple suppliers. Relying on a single supplier is risky. Build relationships with a number of suppliers. If one of them experiences delays or quality issues, you'll have the option to cancel without hurting your business.
2- Communicate effectively. Clear, concise and continuous communication with your suppliers is essential. This keeps you up to date with production and material availability and will enable you to check quality and resolve any production issues.
3. Build long-term relationships. If you pay your invoices on time, it will be easier to build positive relationships with your suppliers. Building long-term relationships can lead to better prices and more reliable service.
1. Multiple suppliers. Relying on a single supplier is risky. Build relationships with a number of suppliers. If one of them experiences delays or quality issues, you'll have the option to cancel without hurting your business.
2- Communicate effectively. Clear, concise and continuous communication with your suppliers is essential. This keeps you up to date with production and material availability and will enable you to check quality and resolve any production issues.
3. Build long-term relationships. If you pay your invoices on time, it will be easier to build positive relationships with your suppliers. Building long-term relationships can lead to better prices and more reliable service.