About Part Analytics
Part Analytics is an AI-powered strategic sourcing platform for direct materials, focusing on electronics.
Part Analytics, an Altium company, is an AI-powered strategic sourcing and supply management platform designed for the electronics industry. It targets Original Equipment Manufacturers (OEMs) and Electronics Manufacturing Services (EMS) companies, aiming to replace manual, spreadsheet-based procurement processes. The platform provides a suite of tools including Part IQ for component data, BOM IQ for bill of materials analysis, RFQ IQ for digital quoting, and Category IQ for spend analytics. These features help users optimize costs, manage supply chain risks, and improve operational efficiency. The software integrates with PLM systems like Arena to provide a unified view of engineering and sourcing data. While pricing is not publicly listed, the company offers a free two-week trial and demos. Support is available via email and phone.
Pros & Cons
- Provides comprehensive, real-time insights into part cost, risk, and availability.
- Digitizes and automates manual sourcing processes like RFQs and BOM analysis.
- Integrates with PLM systems to create a unified data environment for engineering and sourcing.
- Facilitates data-driven decision making to mitigate supply chain disruptions.
- Offers a free trial to evaluate the platform with your own data.
- The platform is highly specialized for electronics sourcing, which may limit its applicability for other industries.
- As a comprehensive enterprise platform, it may have a learning curve for new users.
- Subscription costs may prove prohibitive for startups with simple component sourcing needs.
- Lacks native financial settlement capabilities, requiring hand-off to ERP for purchasing.
- Supplier portal adoption requires willingness from external vendors to interact in-platform.
Features
Key features
Provides comprehensive data on part cost, risk, availability, and promotes part reuse and standardization.
Analyzes Bill of Materials (BOMs) in real-time for cost, savings opportunities, and supply chain risks like lifecycle status and lead times.
Digitizes the Request for Quote process, from creation and supplier collaboration to bid analysis and awarding.
Delivers AI-driven spend analytics to benchmark supplier performance and identify savings opportunities at the commodity level.
Automatically searches for parts and alternatives on BOMs, providing alerts for potential disruptions and when shortage items become available.
Additional features
Provides high-level dashboards for executives to monitor sourcing performance and supply chain health.
Manages and analyzes Letters of Authorization for sourcing.
Offers seamless integration with Product Lifecycle Management systems like Arena PLM to synchronize engineering and sourcing data.
A centralized platform for communication and negotiation with suppliers and internal stakeholders.
Identifies and assesses risks related to part lifecycle, compliance, single-sourcing, and country of origin.
Tracks product costs over time, comparing contract pricing, distributor pricing, and benchmark data to find savings.
Enables engineering and sourcing teams to collaborate early in the design process by providing supply chain data to minimize iterations.
Tracks inventory availability from distributors and suppliers, with email notifications for changes.
Pricing
Countries & Languages
Interface languages
Billing currencies
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About Part Analytics
Part Analytics is an AI-powered strategic sourcing platform for direct materials, focusing on electronics.
Part Analytics Details
Part Analytics's In-App Market Place
Does Part Analytics have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
0
Mini Apps
Pricing Options
Accepted Payment Currencies
USD
Pros & Cons
- Provides comprehensive, real-time insights into part cost, risk, and availability.
- Digitizes and automates manual sourcing processes like RFQs and BOM analysis.
- Integrates with PLM systems to create a unified data environment for engineering and sourcing.
- Facilitates data-driven decision making to mitigate supply chain disruptions.
- Offers a free trial to evaluate the platform with your own data.
- The platform is highly specialized for electronics sourcing, which may limit its applicability for other industries.
- As a comprehensive enterprise platform, it may have a learning curve for new users.
- Subscription costs may prove prohibitive for startups with simple component sourcing needs.
- Lacks native financial settlement capabilities, requiring hand-off to ERP for purchasing.
- Supplier portal adoption requires willingness from external vendors to interact in-platform.
Part Analytics's Support Options
Email Address
[email protected]Contact
262-372-1787Part Analytics's Alternatives
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