Electronics

CalcuQuote Launches Community for Stock Exchange-StockCQ

CalcuQuoteLaunches StockCQ, a supply chain solution provider for the electronics manufacturing services (EMS) industry, a beta version of the latest product, a peer-to-peer platform for OEMs and EMS companies to trade inventory directly with each other. I did.

Collaboration with CalcuQuote IPCIs a global electronics industry association that enables a quick and repetitive response to the collective concerns of electronics manufacturing executives regarding the impact of component shortages. A consensus that a fair way to share inventory directly with each other through a series of roundtable meetings attended by more than 75 executives will help mitigate the effects of ongoing component shortages, free working capital and reduce waste. Has been reached.

“Especially in the last few years, the lack of global components has been the biggest problem expressed by virtually all EMS leaders. The IPC and member-led EMS industry council have joined CalcuQuote and a growing group of EMS / OEM companies. We are very excited to promote this strong collaboration between. We believe there is a very realistic opportunity to meet the needs of this important industry. “ IPC Executive EMS Advisor Marc Wolff said.

According to a CalcuQuote survey spanning millions of searches, cases of sufficient inventory response from the supply chain have declined by more than 20% over the past year. This stacks a significant number of assemblies without the components needed to complete them. However, the findings also show that in 30% of cases where the authorized distributor is out of stock, the same component was also identified as overstock by another company within the CalcuQuote ecosystem. This duplication between shortages and excess inventory is why StockCQ helps mitigate supply chain challenges.

The name StockCQ comes from the idea of ​​a global inventory room that allows electronics manufacturers to effectively store excess and slow inventory. The listed inventory can be easily searched directly and safely purchased by other electronics manufacturers.

Individual and group discussions with more than 100 electronics manufacturers around the world show a keen willingness to join this newly formed beta community. With just two weeks of beta access, dozens of electronics manufacturers have begun listing overstocks and finding matches for hard-to-find parts.

“The CalcuQuote team is excited to tackle the key challenges facing the electronics supply chain with technical solutions. StockCQ is a trust that OEMs and EMS companies can trust to trade fairly with their peers. It will be a digital community where you can. “ Chintan Sutaria, CEO of CalcuQuote, said: “The spirit of collaboration has already been shown to be very powerful with dozens of electronics company executives attending executive roundtables and sharing feedback, so it’s a useful solution for everyone. Can be built. “

Only all electronics manufacturers (OEM and EMS companies) are invited to participate in the Beta StockCQ. To request an invitation stockCQ@calcuquote.com Or visit calcuquote.com/stockcq..

About CalcuQuote
CalcuQuote provides quotes and supply chain software for the EMS industry. Focused on the future, CalcuQuote improves the speed, accuracy and efficiency of quoting and supply chain processes by optimizing operations and implementing sustainable digital solutions. Founded in 2014, CalcuQuote currently serves more than 250 EMS companies in more than 25 countries.

For more information, please visit: calcuquote.com

About IPC
IPC (IPC.org) Is a global industry association based in Bannockburn, Illinois, with the competitiveness of more than 3,000 member companies representing all aspects of the electrical device industry, including design, printed circuit board manufacturing, electrical device assembly and testing. And working on financial success. IPC is a member-led organization that supports programs that meet the needs of the estimated $ 2 trillion in the global electronics industry as a primary source of industry standards, training, market research, and public policy advocacy. ..

http://smttoday.com/2022/05/06/calcuquote-launches-community-for-exchanging-inventory-stockcq/ CalcuQuote Launches Community for Stock Exchange-StockCQ

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