Perspectives
Three Quick Tips for Supply Managers to Get Your Supply Chain Back on Track
By Shawn Mahon | March 12, 2022 | 4 min read
Demand in the semiconductor industry has never been stronger and manufacturers are still struggling to catch up. Here are three tips to remove risk from your supply chain.
1. Share your forecast with your vendors
When you share your forecast, you give visibility into prediction models of how your supply is going to be consumed. This gives confidence to the partner that the channel will be running optimally.
2. Set time aside to explore your supply chain
Know whom you are buying from and how your components are sourced. The more time you commit to knowing the ins and outs, the more likely you are to identify potential bottlenecks.
3. Be honest about your expectations when you can receive supply
Manufacturers are facing raw material shortages and physics problems pushing lead times as far out as 96 weeks. Respect lead times to give manufacturers enough time to source materials and capacity.