The RESCO Electronics Blog

Today more than ever manufacturers are learning the importance of being able to trace their products.  Sometimes knowing where and when the product was manufactured is sufficient but often a manufacturer must be able to trace sub-components and even raw materials back to the original source.  If your traceability requirements go beyond just place and time of final manufacturing and you need to reach back into your supply chain, partnering with a contract manufacturer that has the experience and systems to support traceability is critical.

Read More

We are all looking for ways to improve our bottom line, and sometimes that takes some creativity.  In our earlier blogs we discussed how procurement professionals have much to offer in helping companies achieve their cost saving objectives by doing more with less.  An increasing trend to help reach these goals is to create a Preferred Supplier Program by optimizing your supplier base.

Read More

When you start to look for a contract manufacturing partner for cable assemblies, wire harnesses, and electromechanical sub-assemblies, you have to consider a number of different criteria. One of the most important but often misunderstood is the country in which production will take place. The location, perhaps more than any other single factor, will affect the overall cost. Asia has been one of the most sought after locations for production because it is believed to be the least expensive. However, logistics challenges, quality issues, and rising labor costs in Asia have led to Mexico becoming an extremely attractive option in many instances.

Read More

How Procurement Professionals Can Successfully Navigate Trends Impacting Manufacturing

In our most recent blog, we discussed four emerging manufacturing trends and their impacts on procurement professionals. The challenges may be well understood, but what are the solutions for navigating a changing industry? While various solutions exist, we hope to provide a few insightful, experience-based suggestions for success. First, a quick recap of the trends:

Read More

Four trends in manufacturing, and the pressure they place on procurement professionals. 

Emerging manufacturing trends are placing new pressures on procurement professionals, and, according to the 2014 GEP Report, demand on procurement professionals is expected to rise. Businesses hope to add strategic value through cost savings and supplier driven innovation, and who better to enact innovation than procurement professionals. Over the past few years, leading organizations have shifted their procurement approach from a cost to a profit centered perspective. The result is a focus on value levers in both strategic and tactical procurement areas. Procurement obviously has much to offer in helping businesses achieve their objectives in an uncertain and multifaceted market but not only are procurement professionals expected to do more with less, they are also gaining responsibility for strategically guiding management decisions.

Through RESCO’s extensive work with procurement professionals, we’ve noticed four current and emerging trends that are changing the face of manufacturing and distribution. Navigating through these initiatives as they relate to individual organizations can be difficult, and we hope to offer insights and solutions that may help. This blog will review the manufacturing trends briefly and address how they impact procurement professionals. In a following blog, we will provide our own solutions for remaining resilient in the face of emerging trends.

Read More