As many companies are struggling with their worst supply shortages for many years fears continue to grow in many business sectors over the economic fallout of rising costs, a lack of key materials and access to European markets due to Brexit.
Although there are signs that some bottlenecks are easing, problems continue to persist as the finely calibrated network of trade, already weakened by months of shipping backlogs, lockdowns and labour shortages.
Many manufacturing companies are using key levers and seeking innovative solutions to supply chain threats and labour shortages. Nowadays, with competition intensifying, companies are looking for agile supply chain partners that can help to improve efficiency in the production of products in order to sustain the business and maintain supply to customers in off shore markets. As a result, manufacturing outsourcing has become critical and norm among companies in the manufacturing industry.
The potential benefits of outsourced manufacturing don’t just lie in shifting responsibility for assembly of products to a specialist. Instead, outsourcing can shift the ownership of an entire supply chain in ways that can liberate resource and secure major cost savings across a business.
Supply chain management (SCM) is obviously a complex business and in recent years it’s become more complex and resource sapping for many UK businesses. Think about the tasks and responsibilities that support and bookend the manufacturing process itself. These include: sourcing raw materials, storing inventory, logistics and packaging disposal not to mention the day to day admin of a production line or managing complex and increasingly challenging international supply routes and relationships.
These are the headaches that an entrepreneurial company, focused on innovation can be only too happy to delegate to others. They represent some of the hidden and ever-mounting costs of DIY supply chain management.
Divesting your business of these direct responsibilities can lead to tangible cost savings, and renew your focus on new product development and increasing sales.
If you would like to know more about how European Electronic Solutions range of supply Chain Management (SCM) services could support your business please send us an email info@europeanelectronicsolutions.com
European Electronic Solutions helps customers bring their product concepts to market with full turnkey product design services from Ideation through Product Specification, Component Selection and Sourcing, Manufacturing, Assembly and Finished Product levels across six key industries.
We manage the full supply chain for our customers…. from Component Sourcing through Manufacturing and Assembly, Quality Assurance, Finished Product Assembly and Pack-out.
At European Electronic Solutions we offer a closed loop, integrated product solution for our customers, closely connecting our logistics and product refurbishment services with our design, manufacturing, quality assurance and supply chain management. This closed loop ensures the most thorough response to all customer requirements for product warranty support, product repair refurbishment, re-configuration or redistribution.
The closed loop approach we offer also ensures our customers are compliant with environmental legislation and their products can be disposed of at end-of-life responsibly and securely.