The Bill of Materials (BOM) is the primary reference for procurement teams in searching for potential suppliers. BOM indicates carefully selected materials based on electrical, mechanical, and thermal properties compatible with the assembly process. Evaluating suppliers and weighing each performance indicator is based on each company's business strategy. When determining the priority of supplier characteristics, it is expected that there will be trade-offs. The weighted standard analysis method is the most practical approach in supplier evaluation.
Cost remains the main factor in finding electronic components and electronic manufacturing suppliers. The supplier who can provide the lowest quotation will gain the greatest advantage. The quotation must be carefully reviewed, taking into account all key terms and conditions such as delivery time, price, and minimum order quantity (MOQ).
The strategic solution to reduce supply chain risks is to seek alternative suppliers or components. This is to ensure the continuity of raw material supply in the event of unexpected shortages and problems. However, please note that obtaining qualifications for additional components or suppliers will incur some costs related to qualification certification and maintaining multiple suppliers to avoid issues in electronic product manufacturing due to supplier restrictions.
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