Iteris Inc's Suppliers recorded an increase in sales by 2.73 % year on year in Q1 2024, sequentially sales grew by 5.01 %, Iteris Inc recorded an increase in cost of sales by 7.69 % year on year, relative to one quarter ago cost of sales fell by 0 % in Q1.
Iteris Inc's Suppliers recorded an increase in sales by 2.73 % year on year in Q1 2024, sequentially sales grew by 5.01 %, Iteris Inc recorded increase in cost of sales by 7.69 % year on year, compare to one quarter ago cost of sales fell by 0 % in Q1.
The company utilizes contract manufacturers to produce subassemblies and sources components from qualified suppliers in the U.S. and internationally, applying multi-sourcing strategies when possible. Veris Manufacturing has historically been the sole contract manufacturing services (CMS) partner. In fiscal 2024, Creation Technologies was added as a second CMS partner to reduce supply risk and enhance pricing negotiations. CMS partners receive bi-annual forecasts, updated monthly, to manage inventory and deliver subassemblies and components to the Santa Ana, California facility for final assembly and testing. The production facility holds ISO 9001:2015 certification. Additionally, the company purchases and resells certain third-party products, which may be stored and shipped from the Santa Ana facility or regional distribution centers.
Iteris Inc's Comment on Supply Chain
The company utilizes contract manufacturers to produce subassemblies and sources components from qualified suppliers in the U.S. and internationally, applying multi-sourcing strategies when possible. Veris Manufacturing has historically been the sole contract manufacturing services (CMS) partner. In fiscal 2024, Creation Technologies was added as a second CMS partner to reduce supply risk and enhance pricing negotiations. CMS partners receive bi-annual forecasts, updated monthly, to manage inventory and deliver subassemblies and components to the Santa Ana, California facility for final assembly and testing. The production facility holds ISO 9001:2015 certification. Additionally, the company purchases and resells certain third-party products, which may be stored and shipped from the Santa Ana facility or regional distribution centers.
ITI's Suppliers Net profit fell by
ITI's Suppliers Net margin fell in Q1 to
-23.61 %
9.7 %
ITI's Suppliers Net profit fell by -23.61 %
ITI's Suppliers Net margin fell in Q1 to 9.7 %
Iteris Inc's Suppliers Sales Growth
in Q1 2024 by Industry
Sources:
Iteris inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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