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How electronics manufacturers can use ERP to address industry challenges

SYSPRO Smarter ERP

The electronics industry has experienced dramatic changes on the customer and supplier side in the last 18 months – from sudden purchasing changes by customers to shortages of parts and components from suppliers. The product lifecycle of electronic products has been getting shorter as consumer preferences change. Inventory management.

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7 Challenges ERP Helps Electronics Manufacturers Overcome

OptiProERP

The electronics industry changes at a fast pace with constant innovations. Electronics are used in consumers’ everyday lives, both at work and at home. Electronics manufacturers have many revenue opportunities, but also many challenges to overcome to be competitive. Electronics manufacturers must adapt to many emerging trends.

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Inventory and Inflation

Enterra Insights

The irony of excess inventory. ”[3] He continues, “The past two years have been blighted by supply shortages — with just-in-time retailers struggling to ship their goods, electronics manufacturers staring down a shortage of computer chips, and supermarkets struggling to fill their shelves. ” Optimizing inventory.

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ToolsGroup-IHL Group 2022 Retail Inventory Study Shows Diminishing Customer Loyalty Due to Out-of-Stock Concerns

ToolsGroup

Improving inventory position can help retailers secure consumer loyalty and capture impulse spending. Key findings include: Across sectors such as specialty apparel, mass merchants, department stores, home décor, electronics, and home improvement, the percentage of consumers decreasing trust in retailers to be in stock ranges from 28-36%.

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Enhancing Inventory Visibility for the Electrical and Electronics Manufacturing Industry

RFgen

Many companies in the industry rely on unsustainable, manual data collection processes, creating a gap in inventory visibility. Companies in the electrical and electronics manufacturing industry need to replace unsustainable manual processes to stay competitive in today’s climate. The Problem: Lack of Inventory Visibility.

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Enhancing Inventory Visibility for the Electrical and Electronics Manufacturing Industry

RFgen

Many companies in the industry rely on unsustainable, manual data collection processes, creating a gap in inventory visibility. Companies in the electrical and electronics manufacturing industry need to replace unsustainable manual processes to stay competitive in today’s climate. The Problem: Lack of Inventory Visibility.

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Electronic Data Interchange or EDI in Transportation: Breaking Down What it is and How It Works

GlobalTranz

Today begins our series about electronic data interchange or EDI in transportation. What is Electronic Data Interchange? First we must understand and get on the same page of what is Electronic Data Interchange, or EDI, as it is not only used in the transportation industry. How does Electronic Data Interchange (EDI) Work?