The electronics industry is the fastest growing and most high-tech industry, which is characterized by very high competition, the distinctive feature of this industry is innovation, and the main growth driver of the electronics industry is the replacement of existing electronic devices (equipment) with more advanced and high-tech versions. So, what does the value chain in the electronics industry look like? Let's look at all the stages.

The first stage is the development and design of the product and service. This stage deals with all the steps involved in transforming an idea into a finished product or service. Usually this stage begins with development and design, then the product is thoroughly analyzed, tested and refined before it can be put into mass production. The next step is procurement, delivery and manufacturing. This phase includes the processes of selecting, acquiring, and providing the necessary raw materials, supplies, and components used to manufacture the product or provide the service. This phase covers inventory management, analysis and quality control, as well as optimizing the operation of process lines to ensure efficient and uninterrupted production.

The next stage includes marketing, sales, and service. The key goal of marketing is to help the business sell products and services using tools such as sales incentives, sales promotions, etc. Marketing teams also provide feedback to product development and manufacturing departments that can be used to implement improvements based on user preferences and market requirements. At this stage, companies receive and fulfill orders, as well as deliver products and services to customers. All of this can be supplemented by the provision of after-sales services, such as equipment commissioning, equipment maintenance, repair, or other or ancillary services.

The structure of a company specializing in the production of electronic products or equipment may consist of divisions such as product development and engineering departments, manufacturing departments, as well as departments responsible for supply chain and operations, departments responsible for sales, marketing, customer service, departments dealing with accounting and finance, human resources and information technology. In order to optimize costs and processes, some functions are outsourced.

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The electronics industry is one of the world's largest industries and a significant component of the entire industrial system and beyond, various industries, from the medical sector to space flight, rely on the production of electronic components, devices and equipment. It is the most knowledge-intensive industry, employing a huge number of engineers, technicians, and designers, characterized by a complex value chain.