Supply Chain Risk Management

Safety Stock Strategies

• Component Criticality Assessment: Analyzing and assessing the criticality of each component to lay the foundation to protect your supply chain.

• Safety Stock Definition: Defining and implementing data-driven safety stocks based on component criticality to prevent sudden supply chain disruptions, often leading to production stops @ $2M/hr. and sourcing obsolete parts @ 15x higher price.

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Last Time Buy Inventory Management

• LTB Management Readiness: Centralizing and digitizing LTB inventory data spread across departments and historical records to leverage proactive planning.

• LTB Inventory Management: Planning LTB inventory run-outs using stocking and demand forecasts to align your product portfolio, streamline operations, and prevent redesign projects @ $30K to $33M caused by LTB inventory depletion.

 

Design Optimization

• Risk Mitigation: Evaluating and choosing electronic components to mitigate risks related to manufacturers, geopolitical factors, natural events, and regulatory changes. This reduces redesign projects @ $30K to $33M, sourcing obsolete parts @ 15x higher price, the occurrence of production stops @ $2M/hr. and associated late delivery penalty fees @ 5-20%, by 85%.

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Counterfeit Prevention

• QMS Readiness: Enhancing your Supplier Qualification and Supplier Quality Assurance processes to prevent counterfeiting.

• Counterfeit Identification: Developing and implementing strategies to detect and prevent counterfeit components from reaching customers, preventing recalls, compliance fines, and market share losses.