Electronics

• Shrinking Operating Margins: Global competition and new innovations are driving prices down. Companies must continually become more cost-efficient to remain profitable.
• Complex Global Supply-Chain: More and more, companies must juggle internal and external resources while staying within international standards. Issues such as traceability and compliance are increasing operational burdens. It is not unusual for components and sub-components to embark on a journey that touches three or more continents before reaching the end-consumer.
• Service and Warranty Management: Leveraging the global supply-chain is putting more focus on supplier quality management. Having a strong quality and traceability system directly affects warranty reserve and post-production service hours.
• Short Product Lifecycles: With quickly changing consumer tastes and preferences, EMS companies and contract manufacturers need to have effective New Product Introduction (NPI) processes in place. Closed-loop communication between sales, manufacturing, and engineering is vital to ensure product launches hit time, volume, and quality targets.

• Uncertain Demand: Aggregately, economic volatility and cyclical demand cause fluctuations in production. On a more granular level, consumer preference can cause spikes in demand for an individual product or company. Efficient lean capabilities must be in place to keep inventory aligned with demand.
• Sustainability: Emerging regulations and standards are forcing companies to account more and more for Corporate Social Responsibility (CSR) in decisions. E-Waste, a popular topic today, is driving conversations about the disposal of products and their impact on the environment. Companies must now consider of the complete product lifecycle in decisions.

The Sharrix risk management solution has out of the box DFMEA, PFMEA and Control Plan models that provide comprehensive risk assessment tools to promote best practices and utilise valuable lessons learned data that can be used in your new electronic designs and production operations. We help electronic companies identify, analyze, and mitigate operational risk within one plate form that allows timely closed loop, workflow driven, action tracking on any mobile device no matter where the action assignees are geographically located.

Sharrix provides Operational Risk Management solutions that empower you with a comprehensive view of your risk management priorities and help to create corporate best practices and provide a way to share lessons learned across your operations. Sharrix helps simplify Quality Risk Management activities by providing:

• A consistent corporate standard for all risk management processes, ensuring that risks are identified, measured and mitigated in similar ways with shared best practices;
• Audit trails to ensure compliance with regional and adopted regulations;
• The ability to predict and prevent issues from occurring by uncovering leading and lagging indicators and understanding patterns of risk;
• A continuous improvement approach to risk management, integrating risk studies with mobile capable Action Tracking;
• The ability to transform risk management data into key decision making criteria;
• Corporate visibility of risks, aggregate risks, risk management adoption and regulatory compliance across regions, business units, and sites.