Electronic Components Related Three Concerns That Trouble Purchase Managers

Today all the people involved in the sale and purchase trade are deeply concerned and affected by the challenges involved with Electronic Components and their related issues. It starts from the most basic of issues like availability of components, economic concerns and more.

The challenges in the supply chain management of these components are ever growing. From the employee's’ compensation to changing business trends and gruesome economic issues, the trade has grown manifolds in size and stature.

In this article, we will have a look at some of the challenges that have affected the purchase departments and created challenges in the purchasing processes globally. The top challenges being faced by buyers have been discussed in the following points. These issues often lead to a lot of stress for the supply chain managers.

• Quality Products:

Nearly every purchase manager has had issues with the quality of products when dealing in these components. Quality puts a brand at a great risk in the hyper competitive environment and the increasing counterfeiters are putting a lot of stress on the supply chains across the world. They bring in fake components in the supply line and put companies at the risk of delivering substandard or fake components ahead, thus holding their reputation at stake.

• Economic Stability:

Not every country has a stable economy and each country has a different set of issues to deal with. Political instability, infrastructure challenges etc., affect the businesses dearly. While each major organization is looking forward to expand their operation across the globe and enter developing markets, the volatile political scenario and very often a shaky infrastructure hampers the quality of the products and services alike.

• Availability Of Components:

The availability of components at the right time continues to be an issue of utmost concern to the purchase managers worldwide. This unstable scenario puts the companies in the state of panic as it can lead to major lag time between completion of projects and affect the cycles of production dearly.

Hence, the companies are now adopting a strategy of having multiple vendors in different areas of the world to have access of component supply during difficult times without having to stop the processes completely.

How To Assure The Quality Of Electronic Components?

Every electrical application requires various parts to function properly. And for long functionality, it is essential that appropriate and high quality Electronic Components are used in application. But, how can you ensure the quality of these products.

But why the quality assurance is essential?

The biggest reason to ensure quality is the high number of counterfeit products in market. When it comes to components, there are many fraudulent and counterfeit parts that increase the chances that you might purchase the wrong one. It can lead to problems with your electrical applications as counterfeit parts do not work as good as the real one.

So, it is vital that you buy the original and quality certified parts for your equipment. There are four major quality assurance methods that these manufacturers of these products use and you can trust. It includes ESD Certification, ERAI Certification and ISO Certification.

It is advised that you purchase these components from a respected and reliable buyer so that you rest assured about the quality of products. Reliable and renowned suppliers ensure that they provide good parts only as it affects their reputation and customer base in market. They also inspect each product before supplying or selling it to clients.

Furthermore, you should make sure that the supplier you are relying on, purchases products from domestic OEMs and defence contractors. With this, you can ensure that each component that you purchase can be traced easily. In addition, make sure that the supplier follows certain quality assurance procedures and resources.

It includes microscope analysis, testing & screening, solder ability testing and acetone tests. Packaging matters too when it comes to components. You can ask the supplier if they provide custom packaging that match up to military spec standards. With this, rest assured that you will get the right product with proper quality and in appropriate packaging.

How to Choose A Distributor To Sell Your Excess Inventory

The most essential thing you must do when you are going to sell your excess electronics inventory is to choose an Independent Distributor. The distributor you choose always determine the return on your investment.

Make sure to visit the facility and take a good look around. When interviewing an Independent Distributor check that they have proper manpower and technical support. Certain things need to be verified before you finalize the deal:

• ISO Certification

ISO certification tells you that Quality Management System of the company is in place and that the system has been reviewed by an outside auditor and the company's own management team. Unless the supplier is ISO certified, many buyers will not add a supplier to their Approved Supplier List.

• Determining The Value Of A Component

Determining market price for components can be a difficult thing. Some companies check pricing of franchising a web site; while this might be a good start, open market pricing is based upon demand and supply. The type of software tools used, detailed information concerning supply, and competitive pricing help in calculating the price of the inventory.

• How Many Unique Customers Do You Sell To Each Year?

The volatility and uncertainty of the open market makes supplier relationships really important in today's market. People do business with the ones that they trust. You'll want to evaluate whether the company hires educated, intelligent, educated, and innovative employees who are able to develop and use the tools they will need to sell your inventory. There should be atleast one engineer on staff who can resolve technical questions that could otherwise lead to lost sales.

The software the the Independent Distributor business uses is extremely important. When you visit facility of the company, ask for a demonstration of the software they will use and pay attention to how they monitor demand and supply and how they determine market price.

Importance and Reliability of Electronic Components

Electronics components are the major part of electronic system and are rapidly growing in both, performances and sizes. For the manufacturing course of action of electronic goods, electronic components are an essential part. The development and future inside the industry can be established by the good quality of components utilized within the manufacturing procedure.

 

Any wrong selection of electronic component can create heavy and unpredictable losses, causing failures and delays in the product releases. The way we live and the advancement in technology is all due to electronic components since they were first introduced into products. Every industry from consumer goods to military equipment uses these components. From using vacuum cleaner to flying a helicopter, electronic components are the essential parts of thousands of products.

Every component has its own different quality that determines the future and growth in the market. Quality components increase the functioning of the end product and its durability. Faulty electronic parts can cause the whole product to crash and even stop working very early on in its product life-cycle.

Reliability is one of the important attribute which determines quality of electronic components for safety of components. Both manufactures and customers of electronic components should define the reliability in a common way. Reliability prediction is the process that determines the performance ability to perform the required function without failure during its life. Reliability prediction is done during concept, development and maintenance phase. In order to understand the concept of reliability failure needs to be defined.

There are many companies who sell surplus electronic components. A good indicator of a trusted supplier is how large their volume of stock is and how quickly they can send it to you. You can also keep an eye out for certifications in, ISO, AS, ASNI/ ESD.