How does Component Sourcing work?
Requirement Analysis : Analyze project specifications to determine component requirements
in terms of type, quantity, quality, and timeline.
Supplier Identification : Identify and evaluate potential suppliers based on their
ability to meet project specifications, reliability, and reputation.
Quotation and Negotiation : Issue requests for quotation (RFQs) to selected suppliers and
negotiate terms, including pricing, lead times, and quality assurances.
Order Placement and Tracking : Place orders with chosen suppliers and monitor order
progress to ensure timely delivery and fulfillment of component needs.
Quality Control : Implement quality control measures to verify the authenticity and
quality of received components through inspections, testing, and validation.