Your electronic component sourcing requires access to the right product, quantity and price at the right time. But as market and supply chains become more volatile, how can you guarantee the people and processes relying on you that you can deliver on all counts without fail?
Achieving this requires a long-term electronic components distributor to help you forecast smarter, respond faster, and find cost-effective alternatives that still meet your technical requirements. That distributor must understand your challenges and how downtime due to lack of component fulfillment brings untold costs.
When a production line grinds to a halt because you’re waiting on a back-ordered connector, the ripple effects are huge. The world’s 500 largest companies lose 11% of annual revenues ($1.4 trillion) because of unscheduled downtime, according to the Siemens True Cost of Downtime 2024 report. You don’t need to imagine how much worse the impact is if you’re among the thousands of other manufacturers.
Those costs include lost output, labor, missed delivery deadlines, and customer trust. And if you have to scramble for rush shipping or pay a premium for minimum order quantities just to keep the wheels turning, those extra fees stack up fast.
A responsive distributor can make a big difference with support such as:
What makes this so critical is the ability to avoid rush delivery fees or fees for minimum orders, which is common in the industry. You’re the person responsible for ensuring a resilient supply chain for electronic component sourcing. That means delivering savings with the right parts at the right time and quantity in the long term.
You’re always challenged to find the right part at the best value in a changing production environment driven by the complex whims of the market. This is a problem you can’t effectively solve by moving from crisis to crisis. You need the right distributor to partner with you to create a supply chain capable of adapting to component quantities while still lowering costs and maintaining specs.
This ElectroShield Automated Wiring Systems (AWS) case study is a perfect example of this. They came to us when long lead times from their connector supplier were threatening customer deadlines. Our team identified and validated equivalent connectors to:
This is just one example of an effective, real-time strategy helping you build resilience while still cutting component procurement costs and time.
Components are part of integrated assemblies in manufacturing, so labor, time, and costs rise to meet component kit assembly and sub assembly needs in production environments. The right distributor like ElectroShield can provide kitting and assembly services in-house. This reduces your costs, time and labor by delivering ready-to-install kits that keep your production lines moving faster, with less room for human error.
Whether it’s OEMs, Tier 1 or Tier 2 suppliers, ElectroShield provides disruption resilience with solutions, strategies and the right parts. This works to ensure you meet changing product and production needs cost effectively, on time, and on budget.
A look at the broader supply chain landscape in Q2 and beyond shows major costs and supply issue possibilities because of the impact of geopolitical policy changes, including recent tariffs. Global instability and continued demand for critical components like connectors and semiconductors mean that volatility isn’t going away anytime soon.
This makes it more important than ever to work with a distribution partner like ElectroShield. We bring the agility capable of responding to changing production and manufacturing needs so cost savings don’t come at the expense of specs, quality and speed. Our partnership with AWS is one of countless examples where we deliver on that promise to:
This all works to reduce production downtime and its expanding costs in ways not possible with a traditional distributor.
To learn more about how ElectroShield can help you save money on electronic component sourcing, connect with us today.