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Whether you own a small or medium-sized business having an accurate monitoring inventory levels is mandatory. In this challenging buying environment, one needs to understand the customer's needs and make wise decisions on overcoming inventory management challenges. Plus, you to have a consistent and complete view into your supply chain of electronic components to help business growth considering your customer demands. 

In the current economy, electronic components companies must stay on the cutting edge to be competitive. That’s the reason inventory management has become more popular than ever. Electronic components companies throughout the world experience challenge to find the best ways to manage inventory in the most profitable, and efficient way. So the question is, why the company struggle with the challenges presented by inventory management? If your business experiences the same, then you must invest in an inventory management solution. Here are the common inventory management challenges both small and medium-sized businesses face.

Low-product turnover - If a business fails to track demand, it can lead to a lower product turnover than expected due to low demand. Low turnover causes excess inventory, ending up typing up capital and wasting space in your warehouse that is costly for business.

Customer demand - As customers needs are changing, they want their electronic components distributors to allow the flexibility in orders. In addition to that, growing demand for competition makes more challenging and more distributors meet the unique needs of the customers, ensuring that their needs are not fulfilled by someone else. So, it’s your company’s responsibility to understand your customer needs, and making sure those demands are met along with managing your inventory.

Lack of Visibility - With the globalisation, the complexity of the electronic components supply chain has increased. As a result, appropriate inventory has become a key factor for a successful business. Therefore, a complete visibility and insight into your inventory from supplier to customer is crucial for managing a global supply chain network.

Effective inventory management is important for profitability as well as the of your business. To know tips on overcoming these inventory challenges, contact - Resion - 516-742-6300.

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The electronic component manufacturing industry has faced the challenge of counterfeit electronic components since its inception. It is hard to ascertain the reliability of any electronic component, therefore, techniques such as electrical visual inspection have been developed.
 

Counterfeit electronic components, more easily defined as duplicate or fake components have always been a problem in the electronic component manufacturing industry. Manufacturers develop new ways and techniques of counterfeiting parts equipment and mask the authenticity of a genuinely designed component. The main problem that counterfeited equipment pose to the electronic components manufacturing industry is that they hamper the possibility of inventive growth, bringing down the economic value as well as the economic goodwill associated with a particular electronic component. Counterfeit products are a result of refurbishing old, used electronic equipment or name swapping.  

Counterfeit electronic components can lead to various mishaps and hazards while being continuously used. They might not show any problem during the initial testing phase, but can lead to equipment failures later on. Not only can they cause system failures, but these can also pose a threat on the lives of the workers testing these components. However, having trained personnel on board can help in detecting and identifying a counterfeit electronic component.

Below mentioned are the top methods of detecting counterfeit electronic components.

If you are looking for genuine electronic components, visit Resion. For more information, call at 516-742-6300