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.