Monday, May 6, 2013

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.

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