The world of manufacturing is changing and demand for a competitive edge has never been higher. But this competitive landscape brings with it new challenges. For example, customers want to know that their products are going to be available when they need them and at the price they expect. So, manufacturers must be able to work with electronics parts suppliers who can deliver quality goods (i.e. semiconductors, PCBs, Rheostats, etc.) consistently in order to meet this demand and mitigate supply chain management risks.

Supply chain resilience is no longer a nice-to-have. It’s a necessity.

In the past, supply chain resilience didn’t always need to be top of mind. With an ever-changing global landscape, maintaining a resilient supply chain is essential to providing high-quality experiences.

Why? The answer lies in the rapid expansion of globalization, which has increased competition and technology adoption across industries—and it continues to do so at an even faster pace today than ever before as markets become more competitive and customer expectations rise. Supply chain resilience helps businesses navigate the increasingly complex environment of supply chain strategies so they can adapt quickly enough to stay competitive and relevant in their industry segments without sacrificing profitability or sustainability along the way.

Supply chain resilience is key to success in today's manufacturing environment.

Supply chains are becoming increasingly complex, with many companies relying on merging their supply chain and artificial intelligence while leveraging a multitude of suppliers and partners to meet customer demand. But what happens when you lose access to those suppliers or partners? What will you do when a circuit board or oscillator isn’t coming when you expected? This can result in significant financial consequences and significantly damage your reputation as a reliable supplier.

In today’s manufacturing environment, supply chain resilience is key to success:

• Your customers expect a consistent level of service from you regardless of the circumstances. If they experience delays because of an unexpected event such as an earthquake or hurricane, they may choose another supplier that can meet their needs more consistently (or at least communicate better).
• Your suppliers also have become dependent on other electric part suppliers for components and materials used in making their products—a disruption could quickly lead them into trouble if they cannot secure the supplies they need elsewhere at reasonable prices and on time. In addition, the critical infrastructure needed by key suppliers could be damaged during natural disasters like hurricanes or earthquakes—meaning production would come to a halt until repairs were made which could take days or even weeks depending upon the severity level inflicted upon damaged area(s).

You don't need to suffer from insufficient supply chain resilience.

Don’t let your business suffer from a lack of supply chain resilience. You can take steps to improve your supply chain so that it is more resilient and able to withstand a disaster or crisis. We’ve put together a checklist for you to help you get started!

• Make sure that you have the right people in place and that their skills are up-to-date.
• Ensure that there are clear lines of communication across departments, as well as between suppliers and customers.
• Think about how your business can deal with disruptions if they occur at different stages of the supply chain (for example, think about how suppliers might be affected by disruption at their end).
• Understand the risks to your BOM by building supply chain resilience reports to help you identify areas of improvement and drive growth in your business by providing insights into how your supply chain management strategy is performing.

Measuring your company’s supply chain resilience can be challenging but, thankfully, there are tools to help make this easier. The Amplio platform was built for supply chain resilience, enabling users to predict, identify and mitigate electric part shortages. By integrating with your current systems, Amplio provides a platform to identify alternative parts suppliers, allowing companies to double and triple source their most important components.

With a resilient supply chain, you can avoid disruption and keep your business moving forward. Supply chain resilience is a key to success in today's manufacturing environment.