these situations by analysing historical usage data and market indices to verify whether requested quantities make sense. Several manufacturers are developing systems to identify anomalies that drive unnecessary constraints in the market.
From a procurement perspective, we’ re using AI to understand demand spikes. We can identify trends in specific part usage by engineers and, using third-party data, spot potential supply risks early.
Q. HOW IMPORTANT IS COLLABORATION WITHIN THE SEMICONDUCTORS ECOSYSTEM?
» Collaboration is vital. We build for 400 of the world’ s largest brands and must ensure their needs are clearly communicated to our supply base. Finding win-win solutions that give our customers the parts and competitiveness they need can only happen through collaboration.
We base our procurement supply chain team on a four Cs behavioral strategy: communication, consistency, credibility and collaboration. Communication means maintaining open dialogue about demand and market shifts. Consistency means avoiding frequent strategy changes. Credibility means doing what we say – if we commit to specific volumes or prices, we follow through. Finally, collaboration focuses on building the best supplier relationships.
procurementmag. com 143