To avoid component shortages that affect electronic component supply chains, OEMs must plan accordingly, and transform their supply chains to be more efficient, agile, and resilient. With our SupplyLens™ Pro Plugin, performing spend benchmarking is easier than ever and solves some cost-related problems facing manufacturers.

A common concern original electronic manufactures have is not knowing if they are competitive against the market. Spend Benchmarking pulls from the world’s largest and only independent database with millions of electronic components of actual prices paid by real customers and shows manufacturers’s standing in the market.

If you are an OEM looking to leverage of your electronic component spending data for upcoming negotiations with suppliers, look no further. Spend Benchmarking provides negotiating levers and multiple attributes to prepare a negotiation strategy down to the device level quickly. This will give greater confidence in pricing negotiations, which can shorten the length of the negotiation.