Five ways to improve your component supply by GD Rectifiers
Discover five simple ways to strengthen your supply chain today
By: GD Rectifiers
GD Rectifiers have compiled their five top tips to improving your component supply:
1. Product forecast
Providing an annual product forecast enables distributors to forward plan your demand and order stock to meet your requirements and timescales. This helps avoid disappointment when component demand is high, and ensures you have the order coverage you require.
2. Scheduled orders
GD Rectifiers strongly advises their customers to place scheduled orders to ensure they have stock of the component they require on their shelves for when they need it. GD Rectifiers works with their customer on outlining the scheduled order and agreeing how many devices will be taken in each monthly drop. It provides customers with the flexibility of being able to pull in products last minute if the demand suddenly increases rapidly.
3. Call-off orders
GD Rectifiers' call-off orders work in a similar way, a large order is placed for popular products and the customer has a set period of time to take the full quantity by.
GD Rectifiers works closely with customers on call-off orders, ensuring customers are told when the call-off orders are running low so that they have plenty of time to build the stock back up. It also protects customers from interim price increases because they they have already placed the order.
4. Alternative parts
It is often necessary for buyers to look at alternative parts when the lead times on the components that they require are too long. In many cases, a more superior mechanically interchangeable device could be used as an alternative in lieu of the actual part required. GD Rectifiers will always look for alternative parts that can be used if customers can not accept long lead times, this often involves a more superior part from the same manufacturer or sometimes they can offer a like-for-like device from another manufacturer, either from stock or on a shorter lead time.
5. Increase buying sources
When the industry is inundated with component demand, it might be an option to increase your buying channels by using a few more distributors, trying to contact the factory direct (if you have an account) or by shopping for the part online. GD Rectifiers always works hard to offer customers alternative solutions where possible to avoid customers shopping elsewhere.