The world as we know it is about to change. As the industry deals with unprecedented labour shortages and supply chain issues, OEMs must make strategic moves and plans to differentiate their offerings, meet changing end-user demands, and diversify their business model. However, they do not have to rely solely on innovation. Having a strategic partner can assist OEMs in bridging technological gaps, creating new revenue streams, and developing solutions that meet the industry’s dire needs. One such dynamic partner that is doing exceptionally well to help OEMs/ODM/EMS enhance their operations and processes is Quiksol Global.
Established in 2002, Quiksol is a Singapore-based independent distributor of electronic components. The company is at the forefront of delivering value-added supply chain services to global electronic OEMs/ODM/EMS. Quiksol’s wide range of services includes distribution, shortage support, material cost reductions and inventory management. Started as a small outfit, today company is recognized as the “Top Ten Global Independent Component Distributor.”
“Our 20+ years of building relationships within the supply chain will allow us to leverage a sustainable supply chain when a balanced market returns,” states Alan Yan, CEO of Quiksol Global. Alan has more than twenty years of experience in independent distribution market. Prior to taking charge of Quiksol Global as the CEO, he held the position of Purchasing Director and Sales Director at an American MNC taking care of the APEC Region.
Alan possesses sufficient market expertise, a thorough understanding of the worldwide semiconductor supply chain, and a wealth of management and leadership experience. Additionally, he holds an MBA from National University of Singapore. Quiksol Global is widely recognised in the ID market as the industry leader in sourcing limited products and delivering quality as a top priority in the current allocated market.
Creating Value For Customers
The major customer pain points in today’s constrained market are component shortages and quality of supply. Quiksol has proven time and again in delivering quality components even when their competition cannot, ensuring customers keep their manufacturing lines working. Quiksol Global prioritises and guarantees quality. Quiksol leverages its global sourcing team to provide competitive material cost reductions and deliver quality products on time with no disruptions through customised supply chain programmes. The aspects that customers find impressive about Quiksol are its commitment to quality, data analytics and marketing insights, Global Services and partnerships.
With 3rd party test house lead times expanding to 3-4 weeks, Quiksol’s in-house testing capabilities up to and including AS6081 Certified testing, can be completed in most cases within 5 business days. Quiksol’s USP is tied to its wide range of sourcing and services that allow them to fill the ‘gaps’ of the traditional supply chain with sustainable support that their customers can count on.
The company is dedicated to source the raw materials or components that go into a company’s products from around the world, not just from the headquarters’ country. One of the many contingencies that may befall during manufacturing process is not having sufficient quantities of components. The introduction of new materials, packaging, or processing is one of the most common causes of planned component shortages. These changes could be the result of commercial research and development (R & D) or discoveries from basic research. Another cause of component shortages is normal obsolescence at the end of the component lifecycle.
This decrease in component production could be due to capability demand. On some occasions, including the current electronic component shortage, manufacturers underestimate market demand and are unable to keep up. Furthermore, demand increases may be caused by the loss of a major supplier, political sanctions or other unanticipated reasons. Natural disasters, accidents or other rare occurrences may cause a manufacturer to lose the capacity to deliver components. These types of availability losses typically result in price spikes that further exacerbate the effects of the component shortage.
Enhancing Supply Chain Process
Quiksol’s professional team manages millions of pieces of information from dozens of countries and trading partners through company’s vast database. Using best-in-class Analytics, Quiksol helps in finding the root cause of the shortage and fix them immediately. The platform helps them deal with material shortages that are coming in the future based on current demand, and lead time in order to avoid falling short on an order. The cloud-based platform provides clear insights into trend lines, past performance, and forecasted figures.
By implementing comprehensive data visualization, Quiksol allows customers to cultivate a culture of transparency. All these powerful features helps in material cost reductions, obsolescence management and streamlining end-to-end supply chain processes. Quiksol is currently transitioning its ERP/CRM system to Oracle NetSuite. These new systemic capabilities will allow them to better capture and utilize demand and supply information matching, ensuring its customers are up to speed on the market, lead times, material cost reductions and quote-to-order-to-shipment speed and ease of use. Quiksol will continue to purchase, upgrade and employ the top testing and inspection equipment available.
Our 20+ years of building Relationships within the Supply chain will allow us To leverage a sustainable Supply chain when a Balanced market returns
As the company continues to expand its footprint globally, they are planning to develop multiple regional distribution centres in EMEA and The American regions with the same capabilities, processes and standards that are in place in Singapore and Hong Kong today. Quiksol Global is now well-established across the globe with aggressive expansion plans. The company is proudly celebrating its 20th year in business servicing OEM and EMS customers globally. The company’s revenue of ~$400M globally places them in the Top 10 of Independent Distributors and in the Top 20 of all global Distribution. Overall, for OEMs wishing to enhance their supply chain process, Quiksol Global is the right partner.
Alan Yan, CEO
Alan has more than twenty years of experience in independent distribution market. Prior to taking charge of Quiksol Global as the CEO, he held the position of Purchasing Director and Sales Director at an American MNC taking care of the APEC Region. Alan has a great knowledge of the global semiconductors supply chain, vast experience in managing leadership and has enough market insights. He also has a MBA degree from National University of Singapore.
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