P5 Platform
Top 3 Ways to Optimize Procurement
According to a benchmark report by Riskmethods, 79% of companies revealed that their business was impacted by supply chain disruptions, losing 4% or more of their total revenue in the past 3 years. When lacking a robust procurement strategy, companies risk losing a large portion…
Best Practices | Supply Chain | Thought Leadership
Top 3 Ways to Negotiate Lower Semiconductor Prices
How to Reduce Cost and Increase Efficiency The increasing cost of semiconductors is a major concern in electronics manufacturing because semiconductors are a fundamental component of electronic devices such as smartphones, computers, and cars. The global shortage of semiconductors and other components continues to have…
Best Practices | Thought Leadership
5 API Issues and Resolutions
APIs, or application programming interfaces, are the connective tissues that are driving business transformation and fueling product development lifecycles. APIs have changed how the digital world interacts by facilitating the exchange of data across systems and machines regardless of language or location. As more businesses…
12 Days of BOM & Procurement Risk Management Resources
Day 1: Avoid a Nightmare Before Christmas A cautionary tale: In 2001, a few days before the December holidays, Sony was forced to remove 1.3 million PlayStation gaming consoles from stores because of a high concentration of poisonous cadmium metal, costing them nearly a quarter…
Best Practices | Thought Leadership
The 3 Top Challenges of a Design Engineer
Saving time and money is crucial for design engineers. We are seeing an increased number in companies having to redesign products during the recent supply chain shortage. When one critical component is no longer available, a redesign could be required of the engineer. Here are…
Best Practices | Thought Leadership
4 Types of APIs and Common Architectures
How do APIs work? An API is a software interface that defines how different systems interact with each other through API calls; the process of making a request from one server to an API and returning the information or service to the originating server. Users…
Best Practices | Thought Leadership
What is an API?
What is an API? The term API, or application programming interface, is a software middleman that allows both developers and non-developers to connect applications together, regardless of the platform or coding language. When you use an API, the API makes a call out to a…
Best Practices | Product Updates | Supply Chain
How to Identify High Risk Parts with Open Market
Supply chain management professionals and electronic engineers need to understand the various risks associated with components in their BOMs. SiliconExpert specializes in ensuring they have all available information to make critical decisions. Open Market takes this mission a step further by introducing a new classification…
Podcast: 3 Ways to Build Long-Lasting Products –
Sync Engineering & Procurement
Podcast: “What’s your colleague’s reasoning? Engineering and Procurement need to sync!” Guest: Wilmer Companioni, Technical Marketing Manager, Zuken USA This month, we presented a podcast with Wilmer Companioni, Technical Marketing Manager for Zuken USA. He explains how using accurate data and full visibility of your…
Case Study: How Soberlink Avoided Production Delays
The Challenge: Difficulty Sourcing Alternative Parts In a recent survey conducted by Foley, 77% of supply chain managers stated that they have not used automation software at their companies. This makes sourcing parts and components incredibly difficult: engineers must spend an average of 5 hours a…