How prevalent is Counterfeiting?
The number of reported counterfeit electronic component parts continues to rise at alarming rate as it remains on track with the record set in 2011. The actual number of counterfeit electronics parts worldwide is likely unverifiable. Recent studies found that the total count of reported incidents for counterfeited parts came out to roughly 12 million over the last five to six years, breaking down to one counterfeit part discovered every 15 seconds. It has been recently estimated by the Alliance for Grey Markets and Counterfeit Abatement (AGMA) that the cost of counterfeit electronics components over all levels of the electronics industry is over $100 billion annually.
Counterfeit components posing an increasing threat to the quality and dependability of the global supply chain, Stealth Components has joined the effort to raise awareness among electronic components buyers and to provide them with a defense against fraudulent parts. Stealth has identified several key characteristics which commonly differentiate suppliers with quality, customer-service-oriented practices from suppliers with bottom line, profit-oriented practices.
Counterfeit parts prevention
Following are three indicators that buyers should use to assess the quality-commitment of their suppliers.
1. Ensure your suppliers have a documented Quality Management System (QMS).
2. Validate the level of historical traceability your supplier offers for each part they sell.
3. Verify your supplier’s testing and inspection procedures reflect current industry standards.
About Stealth Components, Inc.
For over 17 years, Stealth Components has experienced significant growth and has become a leader in the independent distribution of electronic components. Located in Charlotte, North Carolina and Eschborn, Germany (Frankfurt), Stealth provides stock and source services of standard long-lead-time, allocated, hard-to-find, and obsolete electronic components for domestic and international customers. Stealth strives to help its customers eliminate gaps, reduce costs and avoid production line delays and interruptions. Stealth’s leadership, quality program and process efficiencies paired with our trusted network of suppliers enable us to provide electronic components with improved lead time while ensuring product quality is not compromised.
For more information contact:
- Stealth Components, Inc.
- Superior Quality. Prompt Delivery. Excellent Service. Established in 1996, Stealth Components has quickly become a leader in the independent distribution of electronic components. Stealth provides stock and source services of standard long-lead-time, allocated, hard-to-find, and obsolete electronic components for domestic and international customers in an effort to eliminate gaps, reduce costs and avoid production delays and line stoppages. Stealth’s leadership, process efficiencies, associate industry experience paired with our trusted network of suppliers enable us to provide components with improved lead time while ensuring product quality is not compromised. Our experienced account executives are on call 24 hours a day to ensure customer needs are continually met.