CalcuQuoteSupplier chain solutions provider for the electronics services industry (EMS) has released a beta version of its latest offering, StockCQ, a platform for equality for OEM and EMS companies to trade inventory directly with each other.
Collaboration between CalcuQuote and IPC, a global association of the electronics industry, has enabled a rapid, iterative response to the collective concerns of electronics executives about the impact of component shortages. Through a series of roundtable discussions involving more than 75 leaders, it was agreed that a fair way to share inventory directly with each other would help mitigate the impact of the current shortage of components, free up working capital and reduce waste. .
“The global shortage of components is clearly a major pain expressed by almost every EMS leader, especially in the last few years. IPC and our EMS industry-led industry council are very excited to facilitate this strong collaboration between CalcuQuote and a growing group of EMS / OEM companies. We believe that we have a very real opportunity to meet this significant need of the industry. “ said Mark Wolfe, executive adviser on EMS to IPC.
CalcuQuote’s survey of millions of searches shows that the supply chain supply response rate has dropped by more than 20% in the last year. This results in blocking a significant number of nodes without the components they need to complete. However, the findings also show that in 30% of cases where authorized distributors are depleted, the same component is also identified as a surplus of inventory from another company within the CalcuQuote ecosystem. This overlap between shortage and surplus stocks is why StockCQ has helped alleviate supply chain challenges.
StockCQ stems from the idea of a global warehouse where electronics manufacturers can virtually store their excess and slow-moving stocks. The listed equipment can then be easily searched for and safely purchased directly from other electronics manufacturers.
Individual and group discussions with 100+ electronics manufacturers around the world have shown an enthusiastic willingness to participate in this newly formed beta community. In just two weeks of beta access, dozens of electronics manufacturers began listing their redundant inventory and finding matches with hard-to-extract parts.
“The CalcuQuote team is excited to face a significant challenge for the electronics supply chain with a technology solution. StockCQ will become a trusted digital community for OEM and EMS companies to trade fairly with their counterparts. said Chintan Sutaria, CEO of CalcuQuote. “The spirit of collaboration has already proved very strong with dozens of electronics company executives attending roundtables and sharing their feedback so we can build a solution that works for everyone.”
Participation in the StockCQ beta is by invitation only to all electronics manufacturers (OEM and EMS companies). To request your invitation, contact stockCQ@calcuquote.com or visit calcuquote.com/stockcq.
CalcuQuote provides citation software and supply chain for the EMS industry. With a focus on the future, CalcuQuote improves the speed, accuracy and efficiency of the citation process and the supply chain by optimizing operations and implementing sustainable digital solutions. Founded in 2014, CalcuQuote currently serves over 250 EMS companies in over 25 countries.
For more information visit calcuquote.com
IPC (IPC.org) is a global industry association based in Bannockburn, Illinois, dedicated to the competitive and financial success of its more than 3,000 member companies, representing all aspects of the electronics industry, including design, PCB manufacturing, electronics assembly and testing. As a member-led organization and a leading source for industry standards, training, market research and public policy advocacy, IPC maintains programs to meet the needs of approximately $ 2 trillion global electronics industry.