Case Studies & Articles

AI is revolutionizing procurement and supply chain. Today in procurement, basic artificial intelligence technologies are being used for contract analysis, spend classification, supplier discovery, and demand and supply planning. Yet with the rise of GenAI, more sophisticated use cases are emerging that can help teams become more efficient and maximize value. With so much data available, GenAI can help procurement and supply-chain teams process large data sets and identify patterns, opportunities, and competitive advantages.

Why today’s inventory planning and clear-to-build reporting is broken. When procurement and supply-chain teams are inventory planning and building clear-to-build reports, they essentially have two options. Option one is using a spreadsheet and doing everything manually, which most companies with less than 300 people use. Option two is using ERP-based materials requirements planning (MRP) or advanced demand/supply planning systems, which larger enterprise companies use. Unfortunately, there are issues with both.

Today’s supply chains are experiencing a generational shift. To overcome disruptions, mitigate risks, and build resilience, there is a big focus on supplier diversity and dual (sometimes even triple) sourcing, rather than relying on sole providers.

In a move that significantly broadens its procurement capabilities, Cofactr has acquired Factor.io, marking a major expansion into comprehensive Bill of Materials (BOM) management. This acquisition transforms Cofactr's offering from electronic component procurement to full BOM procurement solutions, enabling manufacturers to streamline their entire direct spend process.

There is a little accounting trick at the heart of electronic component pricing that makes all those prices you see online meaningless for production volumes.

To call 2024 “a year of unprecedented growth” would be an understatement. Between raising our Series A funding, shipping powerful features, and growing our team, we’re proud of the formative steps we’ve taken while building effective supply chains for innovative manufacturers.

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Discover how SOC 2 enhances data security and customer trust. Learn about SOC 2's critical areas and compliance process.

When you hear "counterfeit," you might picture a fake Rolex that’s shiny on the outside and cheap on the inside. That’s a decent analogy—but in the electronics world, "counterfeit" is a catch-all term for parts that aren’t what they claim to be.

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Tariffs aren’t fun, but with a little know-how, you can keep them from throwing your project into chaos.

Let's walk through some of the characteristics of risky components and how you can reduce risk in your bill of materials.