Avoiding risk factors to secure your business
Sierra Electrotek understands the risks and challenges associated with the supply chain of PCBs including transparency in processes, and regulatory compliance. We have the expertise to identify, analyze, and mitigate such risks to streamline the overall supply chain management (SCM). We provide the appropriate capabilities, methods, etc. to eliminate potential dangers that may impact your business.
Capable of handing your risk
In today’s global economy, marketing and brand reputation are crucial. In such a situation, managing and handling risk is a critical task. At Sierra Electrotek, we have a team of specialists ready to assist with supply network issues. We continuously strengthen our reputation by addressing social, physical, environmental, and product-related (circuit board materials) problems. Also, we are committed to delivering bare board fab within a quick turnaround time.
Active and highly skilled experts
Our supply chain organization encompasses many people with years of experience in recognizing and resolving SCM risks. We work efficiently to deliver innovative solutions.
Our capabilities will aid your requirements for any type of circuit board such as HDI, flexrigid, mil-spec/aerospace, etc.
Classification of supply chain risks
Financial risk involves the possibility of facing a business scenario that threatens suppliers’ economic stability. These risks could be anything from an unfavorable change in exchange rates to a suppliers’ bankruptcy. It consists of risk types such as foreign exchange, market, default, and price fluctuation. We have implemented practices to organize, manage, and analyze financial data. We also perform risk-assessment to measure, monitor, and address these problems by employing positive relationships with the suppliers and customers. Open communication is vital when financial risks appear due to unavoidable circumstances.
Natural disaster risk
Natural disasters like earthquakes, hurricanes, and floods are inevitable. This will disrupt the supply chain resulting in unbalanced demand and supply, delayed or canceled flights, and interruptions in deliveries. This causes minimum inventory, shipping constraints, and factory shutdown. We have an emergency preparedness plan for handling such situations. After conducting an in-depth study of material handling, we created a disaster response and recovery plan.
Some of the risk areas include third-party vendors, counterfeit hardware embedded with malicious software, third-party data storage systems, and poor IT security practices. The supply chain of Sierra Electrotek is protected from all the above risk factors and data breaches, thanks to a tight security system. Cyber risk affects vendor management, supply chain quality, transportation, and procurement.
Geopolitical risk involves the disturbances occurring due to political affairs such as wars and revolutions. We keep an open eye for any possible warnings that can impact our business. Also, we are improving our ready-to-action plans to react faster and alleviate risks.
Business continuity focuses on how the company will function during unexpected service troubles. We keep track of inventory status and monitor where products are located until they are delivered to their final destinations to ensure continuity. Our teams can respond to the changing requirements while providing effective outcomes. This is how we dealt with unpredictable events, like Covid-19, and recovered quickly from possible disruptions.
Reputational and brand risk
The influence of social media is growing every day with the advent of digitization. This increases the chances of brand and reputational risk for many companies. This risk focuses on unsocial behavior, compliance issues, and illegal activities that directly affect the brand’s reputation. Sierra Circuits has maintained strict guidelines around its brand while considering social responsibility. We are compliant with all the necessary rules and regulations imposed by the government and regulating authorities. All suppliers, contractors, and third parties are assessed for adherence, sustainability, and human rights compliance as a matter of protecting our integrity.
ESG (environmental, social, and governance risk)
Environmental, social, and corporate governance are the key elements in the supply chain. These elements cover corruption, labor laws, safety, health, and violation of human rights. In our industry, materials are heavily regulated. Our products are RoHS and REACH compliant, and we don’t use any hazardous substances. It guarantees the safety and health of nature and human lives. Our rapid response to new rules and legal obligations ensures the confidence of customers, the government, and stakeholders. We constantly align with internal investment policies and commitments. ESG is the most critical risk because nature, people, and government are the catalysts that drive innovation.
Sierra Electrotek is an ITAR registered facility with MIL-PRF-31032, MIL-PRF-55110, ISO 9001:2015, AS9100:2006 and NADCAP certifications. This means any items that are controlled by the U.S. Government may not be resold, transferred, or otherwise disposed of, to any other country or to any person other than the authorized ultimate consignee or end-user(s), either in their original form or after being incorporated into other items, without first obtaining approval from the U.S. government or as otherwise authorized by U.S. law and regulations.