Balancing Act: Just-in-Time (JIT) Procurement Practices and Excess Inventory Challenges the Electronics Components Industry in 2024

Manufacturers and OEMs increasingly practice just-in-time (JIT) procurement practices to enhance efficiency and reduce costs. JIT procurement aims to synchronize the supply of components with the actual demand.  This complicated balancing act ensures optimized inventory levels and minimizes costly excess. …

Connected Home Appliances: High-Demand Electronic Components for Smart Home Appliance Construction

In today’s tech-driven world, even home appliances demonstrate growing consumer demand for smart and connected devices. From smart ovens that preheat themselves to networked dishwashers engineered to optimize water usage, these appliances offer unparalleled convenience and efficiency.  As electronic component…

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