The electronic components supply chain can be a complex web of suppliers to balance, and with complexity comes stress and risk.  While having a resilient network with multiple suppliers feels like it can be the right move to protect availability and pricing, having 1 accountable partner instead of multiple vendors can reduce the complexity of supply chains and deliver results, quicker, more cost effectively, and with less issues. 

A single accountable partner enables faster decision making and clear ownership of supply, quality, lifecycle, and risk.  With multiple partners, accountability is diluted, as each is responsible only for their part of the BOM rather than the final outcome. 

This, combined with the integrated view of the bill of materials provided by a single accountable partner, reduces operational risk.  With one primary partner, optimisation can be applied across the entire BOM, addressing EOL, obsolete, and long lead-time components in a coordinated way. This removes operational burden from your team and helps prevent unexpected issues from delaying builds. 

One of the biggest concerns with choosing a single partner over multiple is the loss of dual sourcing capabilities, however an accountable partner enables duel or even multi sourcing within 1 accountable framework and process.  With 1 partner you keep the dual sourcing while gaining risk reduction and one escalation path, in the unlikely event of things going wrong. 

While it may seem that pricing a BOM individually yields a lower price, choosing 1 accountable partner reduces indirect costs such as: 

  • Administrative costs (from processing multiple PO’s and Invoices) 
  • Additional expediting costs driven by one late running component threatening the build. 
  • Quality and rework (from error prevention) 

Overall, 1 accountable partner can beat the multiple vendors with reduction in the complexity of a supply chain, leading to greater accountability, less delays and lower indirect costs. This enables scaling and confidence within the products you produce. 

Diamond electronics have specialised in reducing complexity of supply chains for over 47 years with our kitting and full assembly divisions expertly managing electronics supply chains to meet you with a tailored solution for your product.  

Contact us today to see how we can simplify complexity and help you power progress. 

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