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Reduce your procurement costs by using Electronic Component Kitting
Outsourcing electronic component procurement can be a cost-effective and efficient solution for CEMs and OEMs. The electronic components market is constantly changing, making it difficult for in-house procurement teams to keep up. Monitoring the supply base and identifying the best deals can be time-consuming, costly, and complex. Diamond Electronics, a specialist in electronic component kitting, offers an outsourced solution that can help CEMs and OEMs purchase components more efficiently.
Currently, we manage more than 1000 component kits on behalf of our clients, giving them all the visibility and control of in-house procurement while taking advantage of the benefits of outsourcing. Our expertise in the components market allows us to reduce overall procurement costs by up to 10% compared to traditional multi-vendor processes. In addition to cost savings, our clients save around 30% in storage and administration overheads.
One of the most significant benefits of outsourcing electronic component procurement is the ability to streamline the supply chain. By relying on a single supplier for multiple components, CEMs and OEMs can reduce their component stock holding, significantly improving working capital. This is especially important for companies that operate in a just-in-time production environment. Companies can avoid costly production delays by having a reliable supplier that can provide components on short notice.
Another advantage of outsourcing electronic component procurement is the ability to take advantage of economies of scale. As a specialist in electronic component kitting, Diamond Electronics has established relationships with multiple component suppliers, giving us access to a wide range of components at competitive prices. By leveraging these relationships, we can negotiate better deals for our clients and pass on the savings.
“We manage more than 1000 component kits for customers – who can realise up to 10% savings on overall procurement costs”
In addition, outsourcing electronic component procurement can also help companies reduce their environmental impact. Companies can reduce their carbon footprint by consolidating multiple component orders into a single shipment. This not only helps the environment but also saves money on transportation costs.
One of the most critical aspects of outsourcing electronic component procurement is to find a reliable and trustworthy supplier. Diamond Electronics is a well-established company with a proven track record of delivering high-quality kitting services to CEMs and OEMs. Our team of experts deeply understands the electronic components market, and we are committed to providing our clients with the best possible service.
Kitting benefits
We’ve built a global network of electronic component specialists – with access to worldwide distributor inventory – since launching our kitting division in 1997. Under the programme, we source semiconductors, passive and electromechanical components, interconnection parts and PCBs.
SMT and through-hole components are prepared and delivered in “production-ready” quantities, on a date to suit each customer’s production schedule. SMT components include a suitable feed and tail, and an agreed level of attrition. If required, through-hole parts can be preformed. All components are labelled with manufacturer and customer part numbers, board locations and descriptions.
Our customer-focused service includes quality checking, alternate part sourcing and co-ordination of delivery. We take on the headache of sourcing suppliers, tracking orders, quality-checking deliveries, dealing with errors and handling numerous invoices from multiple suppliers.
In conclusion, outsourcing electronic component procurement can be a cost-effective and efficient solution for CEMs and OEMs. Companies can reduce procurement costs, streamline their supply chain, and improve their working capital by relying on a specialist in electronic component kitting. Diamond Electronics is a trusted supplier that can help companies take advantage of the benefits of outsourcing while ensuring that their electronic component procurement needs are met. Our kitting service is tailored to each customer’s production schedule and includes quality checking, alternate part sourcing, and delivery coordination. We take on the headache of sourcing suppliers, tracking orders, and handling invoices from multiple suppliers, so our clients can focus on their core business. Contact us today to learn more about how our kitting services can benefit your business.