Fast Track Sourcing is about knowledge and time
During supply shortages the period associated with finding alternate suppliers and components is critical. Revenue targets may be missed, customers can become unhappy and purchasing professionals are strained to the limit if they can’t secure parts.
It’s more than a matter of just getting parts; you need parts that meet your performance and quality objectives at a reasonable cost. You need to source these components from a manufacturer who meets your security of supply and social responsibility needs and that can be trusted. You need channel integrity so that parts are not counterfeit, out of date or otherwise compromised.
Perhaps you have made a risk decision and introduced a component or source during a time of crisis. They are now on your approved list and may not have been subject to the level of scrutiny that your standard due diligence process dictates, leaving you exposed to unknown consequences.
In most companies, time to market is critical and many development projects are late. BoM scrubs, second sourcing reviews and new vendor qualification are critical supply chain tasks that must be performed accurately to ensure a successful product launch and profitable product lifecycle. Time pressures and weak processes lead to risks. We have all seen examples of getting NPI wrong: end-of-life components in new designs, weak second sources (like tighter tolerance components specified as an alternative device) and yield differences in products when alternate source components are used.
Fast Track Sourcing
In both scenarios, time is of the essence. The time consuming aspects of sourcing are finding the right components as well as gathering enough information about the manufacturer and supply channel to be assured that their performance and risks are reasonable. It is a time to knowledge issue.
Once satisfied that the manufacturer and supply channel are acceptable, the other significant time element is the interval required to verify that the component works in your application under all specified operating conditions. It is critical that this period not be extended due to superfluous verification tests that provide no additional compliance assurance of the component’s suitability in the application. Such additional testing is often the result of poorly documented design or incomplete design simulation which makes the component’s performance specification vague.
Sourcing is about finding the right parts, approving the manufacturer and channel and qualifying the component in the application. Fast Track Sourcing is about doing this faster and better. Fast Track Sourcing is about time to knowledge!
The time taken to source is mostly consumed by finding reliable information about components, manufacturers and suppliers and confirmation that the component works in the application. Lytica Fast Track Sourcing shortens these intervals by making available reliable information on components, manufactures and suppliers.
Fast Track Sourcing starts with Lytica’s cross reference tables on alternative components and suppliers. These tables list the components that other companies are using as drop in replacements. This is not a supplier’s opinion that these components are matches but a field proven reality. Cross reference provides the first level of assurance that sourcing these components from the suggested suppliers may be appropriate.
Initial assurance comes from the knowledge Lytica has about other users of these cross reference components. We have information on how many companies are actively using these devices or consider them to be drop in replacements. Knowledge of these companies, and the markets that they serve, provides a level of comfort that suppliers have the potential for meeting your quality, service and social responsibility criteria. Working from Lytica’s list allows you to move forward with confidence when sourcing requires that you choose outside of an existing, known supplier to your company. Lytica has no relationships with any suppliers related to the sourcing of components to our clients. Our suggestions are 100% data driven; not biased by other commercial considerations.
The second element of Fast Track Sourcing is supplier due diligence; supplier responses to standard due diligence questions.
The third factor is appropriate testing to confirm design suitability. This may be done at any time during design or sourcing. For electronic product companies, a sourcing best practice is to have each component in the design specified to ensure that it will work over all operating conditions. Ideally, this should be completed as part of the design simulation phase of a development project by the original designers. What one wants to avoid are qualification tests necessitated due to a lack of design knowledge. Too often testing is used to weed out unspecified second or third order effects that may or may not be critical.
Fast Track Sourcing is about time to knowledge. Lytica possesses the knowledge one needs for comprehensive sourcing and risk mitigation.
White Paper – Fast Track Sourcing: By Lytica Inc.