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.