The electronics industry is expected to reach a value of $1.7 billion by 2024. Despite a slowdown from 2011 to 2013, increased performance in countries like India and China, and recovering economies elsewhere, are helping to move the electronics industry forward. It’s a great example of an industry that has shifted to accommodate a changing world. Given the near-constant shifts in technology, there’s no reason the electronics industry should waver.
Of course, like any other industry, the electronics industry faces challenges. Decision Resources, Inc. works with Infor technology, which is the ideal fit for the electronics industry and its challenge-areas. 12 out of the 13 top high-tech companies in the world use Infor systems, which goes to show that they, and we, know how to implement solutions that optimize electronics manufacturing. We can help companies overcome pain points to improve performance, agility, and profitability.
Whether your company focuses on industrial electronics, consumer electronics, manufacturing services, medical device manufacturing, components, or another subset of the electronics industry, you can rely on us to use our insights to help you improve profits and performance.
Challenges Facing the Electronics Industry
Scheduling and costs
Scheduling and costs can become complicated when manufacturers are looking at multi-site planning and work, mixed modes, intracompany transfers, and various business models. Compliance and meeting standards add to costs. So does downtime, poor resource efficiency, and quality control issues.
Long lead times and lifecycles
To win new contracts, electronic companies need to offer reduced lead times. Long lifecycles also contribute to challenges with integrating technology, as it is hard to implement and convert existing data.
Supply chain execution
Inventory costs add up when the supply chain is not as lean as it could be. Part obsolescence is also a challenge within the electronics industry, adding to supply chain complexity. Companies need material visibility, including field reporting.
Lacking integrated ERP systems
Historically, it’s been challenging for electronics industry companies to find an integrated ERP that handles contract management, manufacturing, procurement, and lifecycles with a focus on the unique needs of the industry. Today’s solutions often are not integrated or modernized, which means the technology is not as helpful as it could be.
How Infor and DRI Can Help
The Infor technology we provide through DRI addresses these challenges and more. Our systems integrate business functions while reducing product lead time and supply chain costs. Consolidated data allows for access, reporting, and analytics, handling competitive demands, reducing complexity, and managing costs. Better yet, the software is all integrated and built specifically for the manufacturing industry.
We can help you win new contracts, introduce new programs, and maintain compliance. An ERP — especially the right ERP — will transform your electronics industry business.
Decision Resources, Inc. is here to help you determine the systems you need and how to make them work for your business. Call our friendly ERP experts at 412.562.9660 or email firstname.lastname@example.org.