Validator
Cost BOMs for Optimal Competitiveness
THE CHALLENGE
Lack of E-Component Market Intelligence for Successful BOMs and Bids
Electronics companies often struggle to validate electronic component prices and manage RFQs (Requests for Quotes) at scale. Without reliable data, it’s difficult to verify component prices based on market dynamics and negotiate effectively. Ultimately, the lack of market price visibility for electronic components hampers an organization’s ability to perform should-cost analyses, which are crucial for understanding the real costs of components and ensuring that the company pays fair market prices for those components.
THE SOLUTION
Real-Time Market Pricing & Risk Data
Lytica provides a comprehensive solution to these challenges with real-time market pricing data and advanced analysis tools. This enables accurate price validation, efficient RFQ management, and insightful should-cost analysis, empowering companies to negotiate and secure fair market prices.
How Validator Helps Should Cost/Value Engineering
Trusted Electronic Component Market Pricing
Improve competitiveness for new or existing BOMs through access to accurate, trusted, global market pricing on e-components.
Create Negotiating Leverage
Enable a more precise should-cost analysis to provide critical leverage during supplier negotiations and avoid overpayment.
Supplier Selection
Identify the most cost-effective suppliers. Evaluate quotes against market benchmarks to choose suppliers offering the best value.
Identify Alternative Components
Identify alternative form-fit-function parts and verify market pricing – providing options and flexibility.
How it Works
Lytica collects real procurement data from trusted electronics companies worldwide. By aggregating and anonymizing information about purchases, prices, and suppliers, we provide a comprehensive view of the electronics component market. Get accurate pricing insights that enable you to assess true electronic component costs and form-fit-function alternatives, strengthening should-cost analyses and ultimately avoiding overpayments.
Price Validation
Check if your prices are within the market range, above, or below. Enable your procurement team to validate pricing, identify savings opportunities, negotiate better deals, and make informed purchasing decisions.
Supplier Management
Enhance supplier partnerships with strategic management, confident part selection, and better contract negotiations, leading to improved relationships and favorable terms.
Evaluate MPNs with Confidence
With Lytica’s Alternative MPN feature, easily find and compare parts that meet your specific needs. This ensures you get the best pricing while selecting the safest components for your projects, minimizing your component risk
Ready to Reduce Your Electronic Component Spend?
Reach out to us today to learn more about how Validator can work for you.
