Supply chain complexity is a multi-variable problem, which was laid bare by the global pandemic. Every step of a product's lifecycle from NPI to volume production to end-of-life is impacted by the supply chains relied on by system design companies to bring a successful product to market.
The electronics industry is fast approaching a new era of digital transformation. Digital technologies create new business processes, cultures and customer experiences by bringing together all the aspects of product design, including mechanical and electrical, and streamlining the entire design process – from product inception through to manufacturing.
Flexibly adapting to an environment riddled with supply chain complexity requires digitally integrated and optimized solutions that provide actionable component insights at every point of business decision that translates unexpected events into opportunities for growth.
Siemens technologies address supply chain complexity by enabling solutions, powered by Supplyframe, focused on empowering decisions during the NPI process where up to 80% of lifecycle risks and costs are locked in.