The Semiconductor Industry has been hit hard by global shortages, creating increased risks of counterfeit parts and fraudulent transactions due to the desperation of electronics manufacturers trying to survive and deliver in today’s dynamic technology driven market.
Tune in to this episode of Real Talk as we welcome back Richard Smith, VP of Business Development at ERAI, an Electronics Industry leader in counterfeit mitigation. Hosting the world’s largest database of suspect counterfeit and nonconforming electronic parts, ERAI provides a variety of search tools and databases to aid global procurement in reducing the risk of counterfeit parts entering their supply chain.
Founded in 1995, ERAI, Inc. is a global information services organization that monitors, investigates, and reports issues affecting the global electronics supply chain. As the industry’s leading source of risk assessment tools, ERAI provides exclusive services and in-depth information that enable its members to perform industry-specific risk mitigation on suspect counterfeit, high-risk, and non-conforming parts and identify problematic suppliers and customers including aerospace, defense, medical, nuclear and commercial OEMs, CMs, OCMs, distributors, government agencies, industry associations and other organizations serving the industry.
Among ERAI’s host of risk assessment tools is the world’s largest database of suspect counterfeit and nonconforming electronic parts. This tool, alone, has fully changed the way in which sectors of the supply chain research, track, identify, purchase and sell material. It allows members to better mitigate risks in their procurement process, especially when dealing with end-of-life or obsolete parts.
ERAI’s website and full line of tools and services have been assisting buyers and sellers from all sectors of the supply chain in preventing loss by minimizing risk in the material purchasing and selling processes. The main objective of the organization’s insights and knowledge is to help prevent issues before they occur – and ERAI’s offerings do just that.
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