5 Strategies to Buy Electronic Components for Manufacturing
Buy Electronic Components for Manufacturing
Whether you’re an original equipment manufacturer (OEM) or an electronics contract manufacturing service provider (EMS), it takes hundreds, if not thousands, of individual components to make one product. Because of this, you have to find a balance between the quality of your product and the cost of your parts. This article outlines five strategies that will help you minimize expenses without compromising quality.
Buy Electronic Components for Manufacturing it’s a good idea to source your products from an authorized distributor. These are enterprises that buy components from the manufacturer and sell them to customers, typically in large quantities. When you purchase from a distributor, you have the added benefit of reducing the number of suppliers you work with.
Buy Electronic Components for Manufacturing
In addition, a distributor can also offer lower prices and greater accountability levels. However, they may not have the same purchasing clout as an OEM, and their product MOQs, availability, pricing, and date codes are often driven by their own business goals.
During the design phase, it’s important to ensure that any components you select will be available at the time of production. If a part becomes obsolete during the sourcing process, your design could be affected, leading to costly delays and potential redesigns. To avoid this, if you’re purchasing from a supplier, choose components that are stocked locally and have short lead times. You can also find information about component end-of-life dates on manufacturers’ websites or by searching for a “last time buy” on online retail sites like Digikey and Mouser.