Identifying and sourcing alternative parts is becoming a common practice to mitigate risks associated with part shortages. Product companies must ensure that substitute components meet both performance and regulatory requirements for their respective products. To successfully source the right alternatives, organizations can adopt practices such as establishing strong supplier relationships and...

We all want to get the highest and fastest return from our investments, whether we’re purchasing a home, participating in the rewards program for our favorite products, or selecting a software solution for our company to help improve our work. Be it personal or professional, we all want to reap the benefits of our investments as quickly as possible. Time to value (TTV) refers to the amount of...

In today’s rapidly evolving global landscape, supply chain resiliency has become paramount for product manufacturers striving to maintain a competitive advantage and ensure long-term success. The increasing frequency of disruptions, whether due to natural disasters, pandemics, or geopolitical tensions, underscores the urgent need for robust supply chain strategies. In a recent webinar, industry...