Monday, May 27, 2013

Electronic Component Distributor Can Help Many Aspects of Production

As a manufacturer, you understand the importance of having a good team. If one part of the team does not perform to its best ability, the whole production can be affected. On the other hand, if you employ the services of a reliable individual or company, you will be able to improve your efficiency. For instance, a good electronic component distributor can help ensure that your productions continues to run smoothly by helping you acquire the electronic parts you need, verifying their authenticity and delivering them in a timely manner for an affordable price. Furthermore, some distributors offer additional services such as inventory management, excess inventory consignment and more to keep your production moving.

Harry Krantz Company is a well-known distributor with over 70 years of experience serving manufacturers in various industries, with a specialization in military and aerospace.  Their key to time-proven success is becoming part of the manufacturer’s team and rather than being on the sidelines, they get involved in improving their clients’ overall efficiency by providing them the exact services they need. Furthermore, they are in compliance with all applicable government regulations, ensuring that their reputation, as well as their clients’ is not compromised.

Quality assurance program is another important factor that has made Harry Krantz and other electronic component distributors successful. All manufacturers understand the dangers counterfeit components present to production, profit, safety and reputation of all parties involved. Therefore, it is important to have a distributor that runs a strict quality assurance program and test each component they receive and re-sell to you, the manufacturer. Some of the methods that should be used to test components include physical testing, including taking measurements and ensuring the authenticity of OEM markings, as well as electrical testing, which is typically the most indicative method.

Hiring a distributor is beneficial in today’s rapidly - changing technological world. As the demand for newer, faster and more efficient technologies is rising, an increasing number of electronic components are facing obsolescence in a short period of time. Once electronic parts are no longer produced by the original manufacturer, or they become obsolete, they are difficult to find, especially for an affordable price. However, many manufacturers still rely on those components and in order to avoid the frustration of finding them or unknowingly buying fakes, manufacturers hire distributors who utilize their large network of sellers and find the necessary components.

Monday, May 20, 2013

Sell Electronic Parts Through an Electronic Component Distributor

Selling electronic parts can be a difficult and frustrating process, especially for manufacturers who are not as knowledgeable about the market as they would like to be. Selling can also be time consuming and involves various procedures in order to ensure that the sale goes smoothly. While some manufacturers are successful at selling their excess components themselves, others choose to hire electronic component distributors.

Distributors typically offer the services of locating and purchasing components for manufacturers, as well as testing their authenticity. However, some distributors have expanded their services to include excess inventory consignment, which allows manufacturers to put their excess components or products on the market but retain ownership of them until they are sold. This is the safest and typically the most efficient way to sell electronic parts, especially due to the rapid changes in the technology market.

Utilizing the services and knowledge of electronic component distributors helps manufacturers better understand the current market trends and get advice on which components are best to sell, keep or buy and when. Furthermore, distributors use their large network of suppliers as well as other marketing efforts in order to sell the manufacturers’ products and components. Typically, the distributor earns a percentage of the sale price for their efforts once the component is sold.

There are several distributors which offer such consignment services, however it is important to choose the right one for you. When researching your options, look at their experience, track record and affordability. It is important to entrust the selling of your excess inventory to a distributor that has at least a decade of experience in the market and has a good reputation. Additionally, their services should be affordable.

Harry Krantz Company is an exemplary electronic component distributor that has over 70 years of experience in excess inventory consignment. Their expert ability to help companies sell electronic parts streams from the large network of buyers they have worldwide as well as their continuous marketing efforts. Furthermore, their knowledge of market trends enables them to advise the companies wishing to sell on when it is best to keep, buy, or sell certain components.

Monday, May 13, 2013

Obsolete Electronic Components in The Consumer Market

As technology continues to advance at a rapid pace, obsolete electronic components are being formed on a daily basis. This is evident across all technological markets including the automotive, military, industrial and especially, the consumer market. More so than in any other area, the consumer market sees both planned obsolescence and that which happens due to rapid changes to the technologies.

Planned obsolescence is a marketing technique which helps ensure that the consumer continues to buy new products every couple of years by producing a set number of replacement parts. There are two stages to the planned obsolescence program. First, the manufacturer of parts ensures that their life expectancy is that of 2-5 years depending on the product. Secondarily, only a certain number of replacement parts are made until they are no longer manufactured and therefore considered obsolete electronic components. The combination of these two steps ensures that only a certain number of consumers can buy replacement parts once their parts stop functioning and the rest are to buy whole new products. This is typically done with frequently used electronics such as computers and mobile devices, including cell phones, broadband devices, tablets and more.

Most electronic components, however, become obsolete due to the rapid advancements in technology. The demand for faster, more intuitive and more efficient machines also creates a demand for electronic components of such kind. However, some manufacturers still need the parts which become obsolete for creating other products and are faced with the frustration of finding authentic components and purchasing them for an affordable price. Manufacturers who are experienced in the industry typically employ the services of a reliable electronic component supplier to find and purchase obsolete electronic components for them.

Besides being able to find obsolete parts, which can be an arduous task, suppliers also ensure that the components are authentic through various methods of testing. Depending on the components, testing can include checking OEM markings, physically measuring the device, as well as electronic testing, which typically provides the most accurate results. The use of counterfeit products can cause the finished product to malfunction and furthermore, create a catastrophic situation. Therefore, it is important to hire a supplier that has a proactive counterfeit prevention program.

Harry Krantz Company is an electronic component supplier with over 70 years in the business and a strong counterfeit prevention program.  Several factors contribute to their success including their quality assurance program, affordability and efficiency.

Monday, May 6, 2013

The Best Option For Handling Excess Inventory of Electronic Components

The collection of inventory not readily usable, or excess inventory, is a common issue for manufacturers. It is typically caused by the rapid pace at which technology evolves, speeding up obsolescence of electronic components which end up taking up space and resources in the manufacturers’ warehouses.  Manufacturers that do not have a proactive plan on how to use, sell or otherwise deal with the excess inventory can lose profit. Therefore, it is beneficial for them to employ the services of electronic component distributors to manage their excess inventory.

Excess inventory consignment services are one of the best options for manufacturers who are unsure of the best time to sell, buy or keep their inventory. This provides them with the opportunity of putting their inventory on the market, but being able to retrieve it at any point before it is sold.  An electronic component distributor can help sell inventory by utilizing their network of buyers and marketing the product. They also may be able to provide you with advice on which components or products are best to keep and which should be sold.

However, before partnering with an electronic component distributor for consignment services, it is important to thoroughly research your options. A distributor that you choose will either be able to help you gain profit or could possibly damage your reputation. To avoid the latter, make sure that the distributor you work with has the proper knowledge, experience and compliance standards. 

Harry Krantz Company is an exemplary electronic component distributor that has over 70 years of experience in excess inventory consignment as well as supplying components to various industries including the military and aerospace markets. Their knowledge and reputation grants them access to a large network of buyers to help turn manufacturers’ excess inventory into profit. Additionally, they utilize their ongoing marketing efforts to ensure that new buyers are attracted to the manufacturers’ products as well.

Time-tested knowledge and experience such as Harry Krantz has is important when entrusting your property to a distributor. If you are not experienced in selling components, which many manufacturers are not, you will require guidance as to how to best manage your inventory. Distributors that have been in business for over a decade are likely to be knowledgeable about the best ways to manage your excess inventory, taking into consideration the current and expected market trends.

Meeting the market requirements with skilled market strategies

The fast pace at which technology grows and changes across all industries, from consumer to warfare, requires manufacturers to optimize their productivity. Besides having to closely manage their inventory and their resources, manufacturers must also obtain authentic electronic parts at an affordable price. With the quickening obsolescence of components, acquiring authentic components is becoming a frustrating and stressful process for most manufacturers.

Besides being a nuisance, the sale and use of counterfeit components is also one of the biggest threats to the efficiency of production. However, manufacturers that hire reliable electronic component distributors are able to delegate the responsibility of acquiring authentic parts to them. Distributors are capable of doing so rather easily and efficiently due to their large network of suppliers as well as intricate knowledge of the market trends. Additionally, distributors such as Harry Krantz Company have in-house testing centers to ensure the authenticity of the components they sell. For any additional testing, they have networks of testing centers at their disposal.

In addition to being able to find manufacturers components, electronic component distributors are able to provide services such as inventory management and excess inventory consignment in order to further increase the manufacturer’s efficiency of production. An increasingly popular trend, outsourcing inventory management allows for the manufacturer to free up in-house resources and utilize the experience of professionals to manage their stock of supplies. This helps organization efforts as well as space management.

Excess inventory consignment is another service an increasing number of manufacturers are outsourcing to trusted electronic part distributors. With the knowledge and experience they have in the market, qualified distributors are best to advise manufacturers on when to buy, sell, or keep their components and furthermore, they are capable of helping manufacturers sell them, if it is the right time. Consignment indicates that the manufacturer is the owner of the product or component until the point of sale. However, in the mean time, the distributor uses their networks and marketing efforts to sell the component. This service is best trusted to experienced distributors, which have been in the business for a considerable amount of time.

Harry Krantz Company is an electronic component distributor with over 70 years of experience serving manufacturers in various industries, with a specialization in military and aerospace. Their knowledge of the market and ability to adapt to its changes makes Harry Krantz an effective distributor capable of helping their customers by both allocating components and providing invaluable advice.