electronics manufacturing Mantra for EMS sustainable Profitability ! #Makeinindia

 • Early on boarding of customer product 
o #alternate #sourcing /Optimized BOM with your preferred suppliers 
o #partners of choice 
o #DFX address early – Better VA 
o While emphasizing early on boarding, ensure a robust process for customer collaboration from the initial design phase. 
o Incorporate feedback loops for continuous improvement and flexibility to accommodate evolving customer needs.
• #verticalintegration ( try utilized your components)
o opt for components #critical to competitive advantage or significant cost savings when produced in-house.
• Leverage Volume through Global SCM for making better pricing with OEM than your customer control Components 
o Focus on building #strategicalliances with global suppliers to negotiate favorable terms beyond pricing, such as technology access, co-development, or exclusivity for certain components.
• #automated #manufacturing for better cycle time /Inventory control 
o
• #Continuesimprovement culture for better efficiency
o Establish a structured methodology like Lean Six Sigma or Kaizen to institutionalize continuous improvement, ensuring that it's not just a philosophy but a systematic approach to drive efficiencies and innovation.
• #erp /#MES #integration for end to end visibility of inventory and information flow 
o Focus not only on integrating systems but also on data analytics capabilities for real-time decision-making. Use predictive analytics to optimize inventory levels, production schedules, and resource allocation.
• Slim organization# avoiding overlapping roles
o Ensure clarity in roles and responsibilities while avoiding unnecessary bureaucracy. Develop a culture of empowerment to enable quick decision-making and agile responses to market changes.
• Support #start-up with high potential ( better margin and long term revenue growth)
o Systematize the evaluation process for identifying start-ups with high potential. Establish clear criteria for selecting partners to ensure alignment with long-term sustainability goals
• #Sustainability Integration: Incorporate sustainable practices in manufacturing processes and supply chain operations to meet growing market demands for environmentally friendly products.

• #riskmitigation : Develop contingency plans for supply chain disruptions, geopolitical risks, or changes in regulations that could impact the EMS business.

• #talentdevelopment : Invest in employee training and skill development to ensure the workforce is adaptable to technological advancements and industry changes.

Like to know any feedback !
#emsmanufacturer #makeinindia #startup #stratupindia #profitability #businessexcellence #sixsigma #consultancyservices #manufacturingexcellence #supplychain #contractmanufacturing #processexcellence #electronicsmanufacturing #sourcing #costsavings #costreduction #operationalexcellence #inventorymanagement

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