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TT Electronics

April 2017

Three Steps to Reduce Supply Chain Risk

We believe that agility is the key to maintaining a competitive edge and building sustainable, collaborative customer relationships. The global economy continues to strengthen, evidenced by declining unemployment and rising stock markets. However, due to consolidation amongst component manufacturers and rising demand across all market segments and regions, component lead-times are extending sharply. Below are a few steps that will help reduce supply chain risk.

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Watch industry trends. Keeping your eye on industry trends will give you insight into market changes affecting certain commodities and components. By sharing market insights, we can develop a risk mitigation strategy tailored to your business needs.

Step 2.pngSpeak to your Global Account Manager. Being connected with your account manager and talking about insights that you've gained from watching industry trends can help start a conversation on ways to reduce risk.

Step 3.png

Forecast Visibility. We urge our customers to provide as much forecast visibility as possible so we can secure the robust supply chain needed to support these increasing demands. We can employ various methods to secure the necessary materials to support any increases in demand to which you may have visibility.

Concerned about your supply chain risk? Click here to learn more.

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