Page 22
www.us-tech.com
How Cognitive Sourcing Improves EMS Profit Margin
By Jesil Pujara, Head of Product, Part Analytics
ounded in 2019, Part Analytics is a big data analytics company focused on bringing data- driven analytics to strategic procurement and engineering professionals. The company’s soft- ware-as-a-service (SaaS) platform is designed to enrich users’ data with public and private data. Its analytics engine processes data to provide costed BOMs for quotes, along with visibility to compliance and availability risks. Part Analytics’ platform provides the ability to manage commodi- ty spend by supplier, commodity type, business, or product, including actionable insights on cost and risk reduction opportunities.
F
“We built this platform leveraging more than 25 years of our experience in engineering and pro- curement functions,” says founder and CEO Jithendra Palasagaram. “Our predictive analytics SaaS platform enables smarter, data-driven, deci- sion-making to improve profit margin.” Palasagaram founded the Wisconsin-based company along, me, Jesil Pujara, head of product, after recognizing pain points in the electronics pro- curement industry and designing effective systems to address them.
Prior to founding Part Analytics, Palasag- aram spent 13 years in engineering and procure- ment at GE Healthcare. He developed and execut- ed strategy to digitize electronics spend manage- ment and get better visibility and risk data across four different GE businesses, as well as delivering $15 million in savings and proactively mitigating supply chain risk.
Palasagaram is passionate about procure- ment and supply chain management and has a keen sense for how technology can disrupt tradi- tional, silo-based procurement and strategic sourc- ing. I have 13 years of design engineering experi- ence leading teams across large organizations,
such as Schneider Electric and GE Healthcare. Be- fore Part Analytics, I led a GE Healthcare-wide ef- fort to improve design and production efficiency, by leveraging data analytics to identify and execute on opportunities across the organization. I am
utes. The tool also provides real-time monitoring of risks, such as obsolescence and lead times. EMS companies that supply circuit boards to OEMs typically spend up to two weeks gathering information on pricing, lead times and availability of electronic components, slowing their response time to requests for quotes.
At most OEMs, information about the risk and cost of electronic components used in their products is fragmented. With data in silos, under- standing risks and identifying cost-saving opportu- nities in the procurement process takes much time and effort and requires technical, commercial and domain experience.
Part Analytics’ SaaS-based platform address- es these challenges by integrating and enriching customers’ data to provide insights into cost and risk reduction opportunities within minutes for both OEMs and EMS companies. The platform has multiple modules to address different use cases and workflows for users.
Spend and Risk Management
Part Analytics’ co-founders Jesil Pujara and Jithendra Palasagaram formed the company to provide efficient, effective procurement systems.
keen on developing tools that are intuitive, effi- cient and enable users to address their critical problems.
Cognitive Sourcing and Quoting
Part Analytics’ cloud-based software platform provides cognitive sourcing and quoting capabili- ties for electronics. This platform enables cus- tomers to realize up to 20 percent savings in direct material cost and reduces the time to get BOM costing from one or two weeks to less than 15 min-
The company’s platform enables OEMs to manage their commodity portfolio to proactively identify savings opportunities and risks so that their teams can spend more time executing rather than discovering.
Part IQ: An enterprise-wide view of parts used with commercial and technical data, with search capability to promote part reuse across the busi- ness.
BOM IQ: Real-time insights into risks and sav- ings at BOM level. For new BOMs, customers can get BOM cost and risks along with mitigations in minutes.
Category IQ: Enterprise-wide spend, savings, Continued on page 24
May, 2020
Happy with
MLCC Downsizing? Check our menu.
MLCC
Würth Elektronik offers a large portfolio of MLCC sizes up to 2220. While downsizing might be the right choice for some applications, others require larger sizes of MLCCs for keeping the required electrical performance, volumetric capacitance and DC bias behavior. Long term availability ex stock. High quality samples free of charge make Würth Elektronik the perfect long-term partner for your MLCC demands.
For further information, please visit:
www.we-online.com/mlcc
Large portfolio from 0402 up to 2220 Long term availability Detailed datasheets with all relevant measurements and product data
Sophisticated simulations available in online platform REDEXPERT
#YOURCAPYOURSIZE
© eiCap
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96
