Part Analytics strategic sourcing solution transforms Direct Material Sourcing to optimize cost, drive efficiency and mitigate supply chain risk with AI-powered analytics and insights. By combining organization's internal data with market, community and network data, our AI powered platform continuously streams opportunities for savings and risk mitigation to enterprise sourcing leaders. On average, we are able to save enterprise customers up to 20% in direct material costs. Part Analytics is a Big Data analytics company focused on bringing data driven analytics to strategic procurement and engineering professionals and improving the electronics parts procurement process. Its SaaS based predictive analytics platform with a modern and intuitive UI enables smarter data driven decision making to optimize cost and improve profit margin. Part Analytics platform provides ability to manage commodity spend by supplier, commodity type, business or product including actionable insights on cost and risk reduction opportunities.
Total Funding: $1 M
Funding Stage: Seed
Business Stage: Scaling Up
Market: B2B
Company Size: 1 to 25
Founded: 2018
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