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Characteristics of insurance in semiconductor industry
The semiconductor industry has the characteristics of huge investment, expensive machinery and equipment and many risk factors in the production process. Once a safety accident occurs, it will cause huge personal or property losses. In order to effectively transfer major risks, semiconductor companies often take out commercial insurance. Worldwide, a complete commercial insurance system includes insurer, insured and insurance broker.

Insurance broker (company) is an economic organization that provides insurance intermediary services based on the interests of the insured or the insured. The main business of an insurance brokerage company is to draw up an insurance plan for the insured, select an insurance company and go through the insurance formalities; Assist the insured or beneficiary to claim compensation from the insurance company; Provide disaster prevention, loss prevention, risk assessment and risk management consulting services for policyholders.

The semiconductor industry has three cycles. From a global perspective, new technologies/products have appeared on the demand side of semiconductors, but the new demand momentum has not completely spread. The new product cycle may be on the eve of large-scale release, and the demand for old products cannot be ignored. Therefore, capital expenditure/capacity cycle and inventory cycle will remain the primary factors leading the growth of the global semiconductor industry in the short term; China Semiconductor in the Third Wave of Global Semiconductor Industry Transfer.

Main modules of ERP in semiconductor manufacturing industry

1. The production management forecast fully considers the historical sales data and the production forecast data given by the safety stock, and analyzes the purchase demand suggestions through the subsequent material demand plan to avoid the shortage of materials with long procurement cycle (this function is suitable for stocking according to the stock).

2. Material procurement management not only provides different procurement methods, such as batch procurement, process procurement, warehouse procurement and material characteristics, but also supports returned materials and on-site warehouse management commonly used in electronic industry. According to the characteristics of the electronic industry, SAP Bussiness One also provides the function of merging and picking materials, which greatly reduces the labor intensity of warehouse managers.

3.BOM management is convenient for entering BOM information, managing and copying single-layer or multi-layer BOM management master data. Sometimes customers have different parts to choose from for the same model of products, just like a mobile phone can choose different color casings. In view of a large number of common component groups or similar design parts in the electronic industry, SAP Bussiness One also provides a template BOM function, which can greatly simplify the design and change work of the design department.