The challenges of bringing a new product to market are greater than they were three years ago. Now, the costs of a new product launch are higher. Innovation has become more targeted, and supply chain complexity has risen.
EMS is a low-margin industry, and overhead cost must be reduced through the most efficient practices. Complexity in this rapidly growing industry is a constant battle for many reasons, which we’ll discuss here. These complexities arise from different sources and must be dealt with efficiently and quickly.
Over a product’s lifecycle, many OEMs’ sourcing teams require a variety of support involving both business and engineering facets. During product design, these requirements may include providing real-world engineering that takes into consideration the availability of parts, manufacturing, testing and quality.