How can businesses manage risk and plan for a more resilient future?

Businesses can manage risk and plan for a more resilient future by applying a three-phase solution to enable supply chain resilience for electronic systems design. This promising and effective shift-left approach will transform organizations and expand supply chain resilience to the point of design, allowing companies to optimize not only their systems design process but also every link to the stakeholders in the global electronics value chain.Designing for supply-chain resilience empowers development organizations and can be implemented with three keys to resilient design. These are deployed in three phases:

1. Knowledge: This phase is about arming engineers and teams with comprehensive real-time component sourcing data so they can make more informed part decisions when the cost of change is lowest.
2. Intelligence: This phase further applies the insights from component-sourcing knowledge and couples it with part intelligence to empower more informed actions and workflows across the enterprise, lowering cost and This allows the enterprise to adapt quickly to supply disruptions.
3. Optimization: This phase delivers a full closed-loop component management digital twin, with built-in traceability, comprehensive manufacturing experiences, and AI-driven analytics, so the optimal choice is made at every point of technical and business decisions.

They do it by applying this three-phase solution to enable supply chain resilience for electronic systems design. This promising and effective approach will transform organizations and shift supply-chain resilience to the point of design, allowing companies to optimize not only their systems design process but also every link to stakeholders in the global electronics value chain. By uniting the value chain with the engineer’s desktop, system design companies will see higher levels of digital transformation and the greater profitability that results, as they are empowered to realize, with confidence, the challenges of tomorrow’s designs today.

( Source: https://sie.ag/3CUcmCh )