Issue link: https://iconnect007.uberflip.com/i/1513227
26 PCB007 MAGAZINE I DECEMBER 2023 Inventory Management and Supply Chain Inventory management and supply chain issues have become significant concerns in recent years, and those impact working cap- ital. Tied-up capital in excess inventory or delays in receiving critical components can hinder a company's ability to invest in capital equipment or technology upgrades. Effective supply chain management and inventory opti- mization are essential strategies to free up cap- ital for other investments. e better we can manage the supply chain, the better we will do. Capital Equipment I feel there is no choice but to keep up with the latest equipment. To maintain your compa- ny's lead in technology, you must have the best and most advanced equipment and tools on the market today. Buying capital equipment Feature Q&A Predicting what will happen in our indus- try (or any industry) is getting more difficult. ere are too many moving parts and factors to make solid predictions. Technological advancements, global market trends, and supply chain challenges are some of those factors. Many companies are optimis- tic about the growing demand for electronic devices, especially with the proliferation of IoT devices and 5G technology. However, there are many moving parts, such as supply chain disruptions, rising material costs, and global economic uncertainties. I believe that the business outlook for indi- vidual companies will depend on their abil- ity to adapt to these challenges, diversify their customer base, and innovate in response to changing market dynamics. at is certainly the way our company is looking at it. How we can manage and adapt to changing economic conditions will factor into how we perform in 2024. I suggest anyone who wants to succeed must do the same. Here are some of the factors we are watch- ing. Anaya Vardya: 2024 and Beyond Anaya Vardya