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Plug and Play Supply Chain

Two strategies for future-proofing high tech companies

All industries experience volatility, but none so severely as the high-tech sector. Particularly in component supply. Prices and availability can fluctuate wildly from one year to the next, affected by anything from natural disasters to blockbuster new products.

What steps can high-tech companies take to buffer against such high volatility? One solution lies in applying the tenets of a plug-and-play supply chain strategy. This emerging best practice revolves around standardizing as much of the supply chain as possible by creating flexible, easily replicated solutions and management practices, and rolling them out across the enterprise.

Standardization practices, such as risk management and supplier management, can help tech companies mitigate supply chain risk – and in doing so, save millions.

View our article to learn more.