The world is an uncertain place, so it makes sense to be prepared for the unexpected. Having basic management plans (such as Obsolescence Management) in place enables your organisation to deal effectively with a threat to your product, no matter what direction it might come from. As an experienced electronic manufacturing firm, we have seen our share of crises over the years. Drawing on what we’ve learned, we’ve put together a handy checklist that provides essential pointers regarding how best to respond when a crisis looms.
Have your obsolescence management plan alternatives ready
If you’re relying on a limited number of companies to source your obsolescence parts, a glitch in the supply process could cause all sorts of problems. Ensuring you have back up suppliers ready to swing into action if needed is important for your obsolescence plan to work smoothly, no matter what’s happening in the world.
Communicate with your suppliers
The more you’re able to tell your suppliers what demand is likely to be for their parts, the easier it is for them to meet your needs. Similarly, if suppliers suspect there may be a problem with their ability to maintain supply for whatever reason, early warning helps you come up with alternatives. Hetech pro-actively keeps stock levels high, enabling us to cope with fluctuating customer demand smoothly. By communicating regularly, the chances of supply and demand matching are far higher.
Forecast product requirements
The more notice you can give your suppliers of the volume required and the deadlines you’re looking at, the easier it is for them to make sure that your order is ready to go on time. Particularly when you have a long-standing arrangement with a supplier, they will often be able to have your stock set aside months (or even years) before you need it. In the event of a crisis, this can really help.
Support local businesses
Using Australian businesses to meet your needs makes economic and ethical sense. When you use an Australian supplier, you can be confident of receiving high-quality goods that offer excellent value.
Get in touch to find out more about Hetech and what we can offer.
Now in its 25th year, Hetech has grown from humble beginnings as a business of three to a company of thirty. Due to the company’s significant growth in recent years, Hetech was selected to become members of Queensland Leaders. Continue…
In March we welcomed some very special visitors to Hetech HQ! Twenty-six engineering students from Singapore were our guests for the morning as we walked them through facility and processes.
LARGE crowds, an eventful SMCBA conference and a heap of new Hetech customers have made for a successful campaign at this year’s Electronex Expo.
The team got to sample some of the latest products, solutions and technologies available in electronics, as well as looking at various manufacturing processes and procedures. Continue…
DOORS have just opened on the second and final day of the 2014 Electronex Expo and SMCBA Conference in Sydney. If yesterday is anything to go by, it’s going to be another bumper day. Continue…
THE first day of the 2014 Electronex Expo is coming to a close and after talking to the Hetech team on the show floor, it’s been a busy day. Trade visitors and conference delegates from around Australia, NZ and overseas attended the expo today, with many of them enquiring about Hetech’s products and services. Continue…