8 Techniques to Reduce Inventory Losses and Clear Excess Stock
Having too much inventory can place a financial burden on your business and present operational challenges. Implementing a good inventory management system may save you from these. However, even when closely monitoring your sales and inventory data, you can find yourself with an excess of inventory. This can sometimes arise from uncontrollable factors, such as a sudden change in trends. Whatever your situation, use these eight strategies to help reduce inventory losses and clear excess stock.
(more…)
How Electronics Companies are Responding to COVID-19
The world has been forever changed by the spread of COVID-19 as lockdown orders continue and companies across the globe have been closed or had their employee schedules altered in some capacity. Here is a look at how some major players in the electronics industry are responding to the crisis.
(more…)
US Government Cracking Down on Counterfeit Goods
Our lives have been made increasingly easier over the past decade by the introduction of various online shopping platforms, however, not without challenges. Piracy and counterfeiting have been steadily increasing for several years, and online transactions are a major contributor.
End of Life Products, Components, and Electronics
End-of-life (EOL) is a term used to indicate that a product has reached the end of its useful life from the vendor’s perspective. When a product reaches its EOL, this means it will no longer be marketed, supported, or sold by the vendor. EOL product support is necessary for providing the appropriate services required to maintain products or technologies after the vendor retires them.
What Procurement Means to Us
NetSource Technology, Inc. is an independent stocking distributor known worldwide for providing electronic components and global procurement services to contract manufacturers and original equipment manufacturers (OEMs). With more than two decades of industry experience, we have amassed extensive product knowledge and a worldwide network of trusted suppliers that allow us to source and stock both current and obsolete parts. Our on-site inventory houses brand-new components from reputable manufacturers, including end-of-life (EOL) products, hard-to-find parts, and highly allocated pieces with long lead times. Regardless of what electronic component our customers need, we can help them procure it.
2020: The Year of the Rat
The western world may have already rung in the beginning of the new decade with champagne and fireworks, but another celebration is underway on the other side of the globe. Chinese employees from just about every industry will be taking time away from work to celebrate Lunar New year with their families. Here is a look at some of what takes place over the holiday. (more…)
Three Ways You Can Move on From Your Excess Inventory in 2020
When it comes to manufacturing electronics, there is one thing that steadily remains true: things are constantly changing. Abrupt shifts in demand levels, component life cycle changes (obsolescence), and miscalculations during the ordering process by a procurement team are all possible factors that can lead to excess inventory challenges. It can happen to any company, regardless of size.
The Future of Automotive Electronics
About a year ago, Nissan ran a tv ad which ended by boldly stating that the most exciting tech you own could be in your driveway. After taking a just a brief glimpse at what’s in store for the near future of the automotive industry, that doesn’t seem so far-fetched.
Counterfeit Components: A Brief Guide
Fake Parts, Real Problems
The electronic component supply chain has been infiltrated by counterfeit parts. As a result of a massive influx in demand for components due to new innovations in technology, the problem continues to grow daily.
Facing Obsolescence and End of Life Issues
We are living in a world that demands instant gratification. The good news is that thanks to an explosion of innovation and creativity over the past 2 decades, we have the ability to meet those demands using hand-held (and even more recently hands-free) smart devices. This surge of new technology and applications has generated unprecedented demand across manufacturer supply chains. As companies rush to put out the next big thing year after year, shortages, obsolescence and end of life components are becoming increasingly worrisome factors for OEM’s.