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Whitepaper to support purchasing professionals

03 February 2022

GLOBAL DISTRIBUTOR of electronic components, products and solutions, Farnell has published a free-to-download whitepaper in partnership with Supply Management Insider and the Chartered Institute of Procurement & Supply (CIPS).

The paper, titled ‘Confronting the hidden costs and challenges in your electronics supply chain’, sets out several avenues for buyers and purchasing professionals to deal with pressures in their supply chain.

Purchasers and other electronics industry professionals with an interest in driving greater efficiencies in their buying processes can download the whitepaper for free and read about the five strategies to tackle supply chain pressures and hidden costs including:
·       The global semiconductor shortage.
·       Increased logistics costs.
·       Raw material price rises.
·       Disruption to ocean freight.
·       Inflationary pressures.

Mathew Thorpe, regional sales director for Northern Europe, Benelux & Baltics at Farnell, said: “We understand the needs and wants of the purchasing community, the challenges they face, the solutions they require. We strive to deliver resolutions to their everyday pain-points but also to go a step further and add value at every stage.

“Farnell offers buyer-friendly solutions such as iBuy, ePass API, 2D barcoding and eInvoicing – to name just a few – which are already enabling the purchasing community to do what they need quicker and easier. We hope this whitepaper provides additional value for buyers to overcome the challenges of the industry and the global economy in 2022.”

For buyers in the electronics industry, efficiency is key. They need purchasing processes and tools to be as quick and intuitive as possible in order to save time and money. Farnell has invested in integrating these efficiencies into its online channels to ensure the buyer’s journey is as smooth and efficient as possible.

Customers also have access to a global portfolio of nearly one million products from over 2,000 world-leading suppliers available for fast delivery, as well as support from local customer service teams and in-house technical experts to help at every stage of the design process.

The whitepaper, ‘Confronting the hidden costs and challenges in your electronics supply chain’, is available as a free download here.