Sourcing
Procuring high-quality electronic components is crucial for building reliable products that uphold your brand's reputation. Selecting the right parts ensures your products are both functional and valuable to end users.
What is Electronic Components Sourcing?
Sourcing is necessary when manufacturing electronic products.
Sourcing electronic components refers to the process of identifying, selecting, and procuring electronic parts and components required for manufacturing, assembly, or repair of electronic devices. This involves working with suppliers, distributors, or manufacturers to ensure the availability of high-quality components at competitive prices and within the required timeframe.
Why is Effective Sourcing Important?
Efficient procurement is vital for ensuring that manufacturers can maintain their production schedules, reduce costs, and uphold product quality.
The sourcing electronic component process is challenging, especially when parts that are obsolete in the market are needed. For example, during the COVID-19 period, all manufacturers who purchase electronic components face the risk of production delays, shortages or price spikes, and face severe delays in production due to the lack of available semiconductors.
Therefore, it is necessary to establish a diversified supply chain. By cooperating with multiple common suppliers, whether it is an authorized distributor,spot inventory supplier or obsolete supplier, establishing multiple suppliers can reduce the risk of interruption and continue production.
Factors to Consider When Choosing Electronic Components Suppliers
1.Price
Maximizing cost savings (and minimizing Purchase Price Variance, or PPV), revolves around information, scale, and flexibility.
2.Quality
Your supplier must prove the products meet high standards and come from original manufacturers or authorized distributors. To ensure authenticity, source only from reputable suppliers.
3.Lead time
Consider your required delivery timeline, as lead times vary among suppliers. Choose one that fits your schedule, or negotiate adjustments to lead times if possible. Alternatively, adjust your project timeline to accommodate delays or buy in advance.
Sourcing Electronic Components Options
1.Buying Direct from the Manufacturer
Most orders require scheduling, and smaller purchases may not qualify for direct supply from all companies.
2.Buying from authorized Distributor
Authorized distributors often charge higher prices for authenticity and service. Availability depends on stock; if insufficient, they may source from manufacturers, leading to longer lead times. Minimum order quantities also apply.
3.Buying from Catalog Supplier: Digikey, Mouser
These suppliers offer a wide range of products in small quantities, with next-day delivery, but often at higher prices due to the convenience.
4.Buying from Brokers
Brokers operate independently, without formal ties to manufacturers or authorized distributors. While they supply electronic components, traceability becomes a challenging task.
|
What are the procurement advantages of ICHOME? |
||
|
Buying excess Inventory and obsolete electronic components from OEM and EMS partners. |
With $176 million worth of stock available, can ship immediately. |
Own testing laboratory and provide AS6081 standard test report. |
Get Help for Sourcing Electronic Component Today!
ICHOME is a trusted electronic components supplier who offers a wide range of services. Integrated Circuits (ICs), Passive Components, Connectors, LEDs, Fans, Power, Cables and Wire. We can help you find component-sourcing solutions both Obsolete and hard-to-find.
By partnering with us to build a complete supply chain, we can help you get better prices and provide better price with more than 20 years of experience in the electronic components industry.
