The material content of an electronic product can typically make up between 40-80% of the item's selling price depending upon the industry sector.
As a result, supply chain managers have vital roles to play in adding value to their respective businesses. These include securing supplies of components, ensuring consolidated spend results in component cost reductions, and transporting raw materials and finished products in the most expeditious and cost effective manner. If they can do this then they can significantly improve the profitability of their company.
This is a complex conundrum and as a result, a host of third party solutions have evolved to support the supply chain team of manufacturing companies.
Typical solutions include:
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