Our ISO9001:2015 Quality Assurance certification has just renewed. (The certificate is available here.) We were first certified on 29 October 1993, so now have over 30 years of delivering ISO9001 assured service to our customers. The certification covers “the procurement and supply of electronic and electrical components”.
Everyone knows that the rapid rise of AI is powered by processor chips. Not many people know that almost all the chips used for AI are made by one, vulnerable. company.
Our registration with JOSCAR renewed on 3 October 2023. This demonstrates that we have satisfied all the requirements to become fully registered on the JOSCAR supplier accreditation register, as set out by participating buying organisations.
In the wake of the systemic shocks brought on by COVID-19-related shortages, every major consumer of integrated circuit chips has been compelled to re-evaluate their procurement strategies, to look beyond minimising costs. We’ve previously discussed the shift from a “Just-In-Time” to a “Just-In-Case” inventory approach as manufacturers reassess the optimal level of chips to keep in stock. Under the “Just-In-Time” model, manufacturers minimized inventory to free up working capital. However, the “Just-In-Case” approach has underscored the value of maintaining a surplus as a protective measure against sudden supply disruptions. Having extra stock is in fact a good investment of that capital, as it provides a protective buffer against sudden shortages.
Billions of government dollars show that electronic components are now recognised worldwide as an essential resource
The post-pandemic shortages of components showed everyone something that we, and our customers, have known for years: that a reliable supply of electronic components is essential to the economies of all developed countries. The shortages left key manufacturing industries, such as the automotive and aerospace sectors, unable to manufacture.