{"id":1916,"date":"2022-09-02T08:00:00","date_gmt":"2022-09-02T12:00:00","guid":{"rendered":"https:\/\/blogs.sw.siemens.com\/xpedition\/?p=1916"},"modified":"2026-03-27T09:41:59","modified_gmt":"2026-03-27T13:41:59","slug":"can-you-accelerate-the-selection-of-alternate-components","status":"publish","type":"post","link":"https:\/\/blogs.sw.siemens.com\/electronic-systems-design\/2022\/09\/02\/can-you-accelerate-the-selection-of-alternate-components\/","title":{"rendered":"Can you accelerate the selection of alternate components?"},"content":{"rendered":"\n

This blog was written by Chad Jackson, Chief Analyst & CEO at Lifecycle Insights, and comments have been provided throughout by Stephen Chavez, one of our own product marketing managers. Check it out and join the conversation below!<\/em><\/p>\n\n\n\n

Today\u2019s electronics manufacturers must work on tight schedules to remain competitive. Any delays in product delivery or launch can lead to significant\u2014and sometimes unrecoverable\u2014financial impacts to the company. Late-stage electronic component replacement is a major cause of such delays. When companies are forced to replace a part late in the game, they often act desperately, paying a premium to source an acceptable substitution. But organizations do not have to be held hostage to late-stage spot buys. By implementing a resilient, connected supply chain approach, they carefully consider or altogether avoid disruptions before costs run too high.<\/p>\n\n\n\n

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I love this paragraph! In my latest webinar<\/a>, I shared my recent experience of feeling what I refer to as the “supply-chain pain.” Although it wasn\u2019t catastrophic to the company, the supply-chain disruptions caused havoc to the entire project team, which negatively affected the project schedule, budget, risks and ultimately the company\u2019s bottom line cost of doing business. We could have used supply chain resilience at the point of design. Amazing how fast we learn from felling the pain just once\u2026

Stephen V. Chavez, MIT, CPCD, CID+ | Sr. Product Marketing Manager <\/p>\n<\/div>\n<\/div>\n\n\n\n

Delays due to costly late-stage electronic component replacement<\/h2>\n\n\n\n

Late-stage component replacement is an increasingly common problem. A full 73% of respondents to Lifecycle Insights\u2019 2022 Electronics Design for Resilience (EDfR) Study reported they must remove at least one electronic component from each printed circuit board (PCB) design due to supply, lifecycle, or compliance issues. Some stated they need to replace components an astonishing 20 times or more per board project.<\/p>\n\n\n\n

These electronic component replacements not only cause significant delays but are incredibly costly. Some of the potential expenses include:<\/p>\n\n\n\n