Reduce Time-To-Market

The electronics industry is a dynamic and fast-paced field where innovation and time to market are crucial for success.

By effectively addressing these issues and implementing strategies to streamline procurement processes, procurement managers can significantly reduce the time to market for electronic products, enabling companies to bring innovative products to market faster and gain a competitive edge.

Reimagine the procurement phase with a holistic solution that addresses:

Supply Chain Disruptions

The electronics industry is highly reliant on a complex supply chain, and disruptions in this chain can significantly impact the availability of components and materials. Disruptions can lead to delays in product development and manufacturing, ultimately extending the time to market.

Rising Component Costs

The fluctuating demand for electronic components, coupled with supply chain constraints and rising material costs, has driven up component prices. Cost escalation can put pressure on teams to find more cost-effective solutions without compromising quality or performance.

Technological Advancements

The rapid pace of technological advancements in the electronics industry requires teams to stay abreast of emerging technologies and assess their impact on product development. To remain competitive, find new sources of supply, evaluate new components, and collaborate with suppliers.

Data Management Practices

Effective procurement requires accurate and up-to-date data on supplier performance, component costs, and inventory levels. Procurement professionals need to leverage data analytics tools and implement robust data management practices to gain insights and make informed decisions.

Our Solution

Real-time Supply Chain Monitoring

The Nexar API provides real-time visibility into supply chain conditions, including component availability, lead times, and potential disruptions. The insight helps identify potential bottlenecks and make informed decisions to secure components and minimize delays.

Supply Chain Management

Nexar facilitates collaboration between procurement teams and suppliers, enabling real-time communication, data sharing, and joint problem-solving. This collaborative approach helps identify and address supply chain issues early on and minimize disruptions.

Transparent Communication

By providing a centralized platform for managing, sharing, and maintaining component information, Altium 365 helps enhance communication and documentation, leading to more streamlined product development, reduced design errors, and improved time to market.

Predictive Analytics and insight

Spectra leverages advanced predictive analytics to forecast future demand, identify potential supply chain disruptions, and predict component shortages. These insights anticipate challenges and encourage proactive measures to mitigate risks.