Electronics digital thread
Supply chain management in the electronics industry
Supply chain volatility disrupts the electronics industry, affecting product launches, market share and revenue. To mitigate risks and identify problems, it is critical to have a frictionless flow from design to manufacturing, plan for issues and coordinate teams, suppliers and partners.
Accelerate product launch with supplier collaboration
Streamline the design-to-launch process and proactively plan for issues to mitigate the impact of supply chain disruptions on product launches, market share and revenue in electronics. Collaborating with teams and involving suppliers and partners early helps identify and address problems. By tackling these challenges, you ensure the timely delivery of innovative products to market.
Streamline electronics supply chain management
How can you get your products to market faster and plan for the inevitable supply chain issues? Create a secure, frictionless flow from concept to delivery. Below are some of the common issues the industry is facing.
Delivery delays
When launching new products, delivery delays are inevitable when the system is fragmented. To adapt, they must foster collaboration, involve suppliers early and leverage technology for resilience. (Lifecycle Insights)
Replace components
This occurs 5-20x per printed circuit board (PCB) project due to supply chain issues. Use real-time and predictive data to foster visibility and collaboration across the product lifecycle for safer sourcing decisions. (McKinsey)
Dollars lost
Supply chain challenges around electronics and semiconductor, like supply disruptions in automotive, have major loss costs. Make safer sourcing decisions based on real time and predictive data. (McKinsey, Goldman Sachs)
New production introduction (NPI) for electronics
From electronics design to manufacturing, streamline the product development processes. Improve electronics supplier collaboration, leading to reduced logistical disruptions and delays.
Adopt a comprehensive approach that combines faster design processes, goal alignment, early supplier involvement, efficient electronics configuration and effective bill of materials (BOM) management. You can streamline your time to market and overcome supply chain challenges, ultimately gaining a competitive edge in today's fast-paced market. With supply chain management, you can:
- Easily configure electronics
- Effectively manage electronics bill of materials
- Streamlining time-to-market by tackling supply chain challenges
By leveraging sustainable sourcing intelligence and implementing green design principles, companies can optimize product costs and carbon footprints during development. This solution allows you to create eco-friendly innovations while maintaining cost-effectiveness, ultimately leading to better-built products that meet the growing demand for sustainable solutions. With these implementations, you can:
- Optimize product costs and the carbon footprint in development by designing green.
- Use efficient strategies for eco-friendly innovation and cost-effective design.
Mitigate risks by establishing a secure supplier and partner ecosystem and ensuring on-time delivery. Leveraging IT solutions, you can create environmentally friendly logistics processes that position you at the center of the circular economy. This will enhance resilience and sustainability in an increasingly complex and interconnected business landscape. With the circular economy, you can:
- Make your logistics the center of the circular economy
- Use IT solutions for environmentally friendly logistics
Electronics engineers using our solutions achieve:
Reduced sourcing times
Addressing issues early impacts the cost greater, keeping costs lower. (Mercury Marine)
Fewer resources
Build apps 10x faster with a scalable low-code platform merged with product lifecycle management (PLM) and enterprise resource planning (ERP), enabling innovation and new product introduction. (Mercury Marine)
Degree target costing
Optimize profitability by balancing market price, quantities and manufacturing costs. Teamcenter enables detailed competitor analysis, best-practice calculations and transparent cost tracking for effective decision-making. (Festo)
By eliminating custom quoting tools, email-based RFQs and integrating sourcing process within the Mercury Teamcenter system, we were able to unify data sources across multiple functional groups and increase the throughput of early supplier involvement events.
Resources for streamlining NPI for electronics
Streamline your NPI process from concept to delivery with our PLM solution. Boost efficiency, reduce costs and ensure compliance by managing complexity, bill of materials (BOM), change, sourcing and supplier collaboration. Secure data exchange and PLM-enterprise resource planning (ERP) integration enhance accuracy and productivity.
Our solutions to improve supply chain collaboration
Supply chain management
Cost management
Product lifecycle management
BOM management
Logistics management
Application development platform
Frequently asked questions
Our electronics BOM management software supports collaboration in the electronics industry by providing a centralized source of truth for product data, enabling cross-functional collaboration. The software integrates with suppliers' systems for real-time data exchange and joint problem-solving and facilitates design for manufacturability through early collaboration between design and manufacturing teams. Integrated BOM management tools offer robust change management capabilities to ensure all stakeholders are aligned and enable seamless global collaboration with cloud-based solutions. By leveraging our BOM management solution, electronics companies can foster collaboration, mitigate supply chain risks and improve operational efficiency.
Our software supports electronics sourcing and manufacturing by providing a comprehensive suite of tools that streamline processes and enhance collaboration. The software enables companies to manage their supply chain more effectively by providing real-time visibility into supplier performance, inventory levels and potential risks. This allows for proactive decision-making and risk mitigation. Our solutions also facilitate efficient manufacturing by integrating design, engineering and production processes. This integration enables seamless data flow, reducing errors and improving quality. Additionally, the software supports advanced manufacturing techniques, such as 3D printing and robotics, enabling companies to optimize their production processes and increase efficiency.
Logistics software significantly benefits electronics manufacturers by optimizing supply chain operations and enhancing efficiency. It provides real-time visibility into inventory, shipments and deliveries, enabling better decision-making and responsiveness. Our logistics solutions also improve inventory management, reducing the risk of stockouts or overstocking. They facilitate seamless collaboration with partners, optimize transportation routes and increase productivity. By automating processes and providing valuable analytics, our logistics solutions empower electronics manufacturers to make informed decisions, streamline operations and gain a competitive advantage in the market.
Electronics supply chain solutions help businesses improve visibility, providing real-time data and insights into inventory levels, shipments and supplier performance for better decision-making and risk management. These solutions facilitate seamless collaboration and communication by connecting all stakeholders, including suppliers, manufacturers and distributors, leading to faster problem-solving and improved efficiency. With real-time data and advanced analytics, businesses can increase agility, quickly responding to changes in demand, supply disruptions or market conditions, making their supply chain more resilient. Supply chain solutions also help optimize inventory levels, reduce waste and streamline processes, resulting in significant cost savings. By providing visibility into potential risks, such as supplier financial health or geopolitical events, businesses can proactively mitigate risks and ensure continuity of supply. Additionally, these solutions help manage compliance with regulations, such as conflict minerals reporting or restriction of hazardous substances (RoHS) directives.
Learn more
Watch
On-demand webinar | Product variability management with PLM
On-demand webinar | Reduce product costs and carbon footprint
On-demand webinar | The role of quality in new product introduction
Read
Blog | What is new product introduction and how does it apply to PCBs?
White paper | IT solutions for environmentally friendly logistics
White paper | Circular economy