The custody chain affects the life cycle of electronic components
The new logistics term making waves is Chain of Custody – transitioning from a legal term for a paper phase to the world of IoT acceleration and blockchain potential. Chain of custody refers to a product’s recorded course, from conception to end-user to end-of – life. Your interests could concentrate on a specific part of the custody chain, depending on where you fit into the supply chain.
Check the Source
A crucial aspect of electronics product sourcing is the tracing of the source of incoming components. Traceability poses a major challenge for electronics manufacturers in preventing counterfeit or non-conforming components from entering the supply chain. Chain of custody provides full documentation of all the traceable steps of a product which, from high reliability to customer, is critical for ensuring a safe and secure supply chain for electronic components.
Blockchain provides the possibility to switch to a safe transactional environment past unreliable paper documents and other easily counterfeited sources. Blockchain forms a digital ledger that keeps a record of a transaction’s every move. This holds the ability to store information on the past of electronic components forming a custody chain or even possibilities such as exchanging quality data information.
IoT Growth
We are seeing IoT drive demand at an unprecedented pace for electronic components. We are closely monitoring all facets of IoT-related growth with the global demand for IoT devices expected to rise at a CAGR of 19 percent over the next 4 years. The sheer amount of data produced by IoT devices and systems, beyond demand considerations, brings a wealth of possibilities to the management and disposal of electronic components.
To refurbish or recycle them safely and lawfully, you must handle end-of – life components responsibly. The chain of custody in asset disposal occurs by safe handling and processing in its current form. — phase of the process is closely monitored to ensure that you are both protected from liability caused by loss, fraud, or unauthorized disposal of properties. IoT devices and systems data will provide extremely comprehensive insight into monitoring your properties and disposal of timing.
Quality is the focal point of Pacific Component Xchange, Inc. From our many certifications to our industry famous 67 step Star Quality Program, we deliver the right product at the right time. At PCX, we continuously improve our processes in order to meet and exceed our customers’ expectations. All employees understand what our customers expect and they provide our customers with the best service.
All PCX processes are continuously re-evaluated and upgraded to reflect changing customer expectations, ensuring only the highest quality of products and services are delivered to them.