Declines in sales of up to 25 per cent, empty order books and cancelled orders: the Covid-19 crisis is having a dire impact on many electronics companies. If you’re not in the medical industry, you need to cut costs hard. However, there are also opportunities. Take the time to optimize your materials management and order processing. Build transparency and a consistent data pool. Leave Excel lists behind. If this crisis has taught us anything, it’s to value our time.
Markus Renner argues that process optimisation is the secret to higher liquidity, shorter lead times and better delivery.
Read the full article in Electronics Sourcing UK – January 2021