Component management and procurement professionals are experiencing new challenges to acquire many types of electronic components and related information used in company products to ensure that expected cost profiles are met and product deliveries schedules are not delayed. Global companies are also challenged to provide updated component compliance information, which is critical to ensure products can be proven to be either EU or China RoHS compliant.
Updated component reporting requirements for EU REACH legislation and California Proposition 65 are also required for REACH SVHC reporting and to assess chemical exposure risks in California for proper product labeling. Add to this the standard export control reporting, DRC Conflict mineral reporting and standard component obsolescence challenges, and company employees are trying to weather the "perfect storm" of component challenges.
In this webinar, participants will better understand their risk exposure to recent supply chain developments. The challenges for companies to manage their component supply chain, monitor component obsolescence, keep costs down and meet production schedules have never been worse. Company employees are trying to work together to ensure they have the information needed to maintain compliance and reporting requirements. New tariffs enacted by the Trump administration in 2018 affect over $250 million in Chinese imports. Many electronic component device types are impacted based on their HTS (Harmonized Tariff Schedule) code.
All this is happening in conjunction with the traditional component obsolescence challenges which are undergoing an EOL resurgence and a transformation in technology. This webinar will include specific strategies and best practices to reduce component supply chain risks. Attendees will be supplied with the strategies to weather the perfect storm of supply chain challenges.
- Learn why developing a short and long-term supply chain strategy is critical to meet business goals
- Discover how to establish and maintain a source for complete and current component information, and how it can reduce or eliminate unexpected supply chain challenges
- Understand why researching and building intelligence on new and changing component environmental compliance legislation is critical for business to maintain uninterrupted global distribution
- Learn how understanding changing import and export component regulations can help companies navigate tariff risks and meet margin goals
Mr. Wood has 20 years of experience in parts content information management with companies such as CADIS, Partminer and more recently with IHS Markit. Prior to this, Mr. Wood worked in manufacturing, mechanical design and software engineering firms. In his current role, Mr. Wood helps to manage the content for the IHS Markit Component Parts database by insuring that appropriate solutions are made available to meet ever more demanding parts management challenges. Mr. Wood earned a B.S. in mechanical engineering from the University of Colorado in Boulder in 1986.