AND Quoting Platform

 Founded 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 SaaS platform is designed to enrich users’ data with public and private data. Its analytics engine processes data to provide costed BOM for quotes along with visibility to compliance and availability risks. Part Analytics’ platform provides the ability to manage commodity spend by supplier, commodity type, business or product including actionable insights on cost and risk reduction opportunities.

Part Analytics’ Co-founders Jesil Pujara and Jithendra Palasagaram formed the company to provide efficient, effective procurement systems.

“We built this platform leveraging more than 25 years of our experience in engineering and procurement functions,” said Founder & CEO Jithendra Palasagaram. “Our predictive analytics SaaS platform enables smarter data-driven decision making to improve profit margin.”

 Palasagaram is the Founder and Chief Executive Officer of Part Analytics. He co-founded the Brookfield, WI-based company along with Jesil Pujara (Head of Product) after recognizing pain points in electronics procurement industry and designing effective systems to address them.

Prior to founding Part Analytics, Palasagaram spent 13 years in engineering and procurement functions at GE Healthcare. He developed and executed strategy to digitize electronics spend management and get better visibility and risk data across four different GE businesses and delivered $15MM in savings and proactively mitigated supply chain risk. Palasagaram is passionate about procurement and supply chain management and has a keen sense for how technology can disrupt traditional silo-based procurement and strategic sourcing.

Pujara has 13 years of design engineering experience leading teams across large organizations such as Schneider Electric and GE Healthcare. He brings hardware technology depth to the team. Before Part Analytics, Jesil was leading a GE Healthcare wide effort on improving design and production efficiency at GEHC by leveraging data analytics to identify and execute on opportunities to standardize parts across divisions. These efforts led to $18MM in savings opportunities across the organization. Pujara is keen on developing tools that are intuitive, efficient and enable users to address their critical problems.

Cognitive Sourcing & Quoting

 Part Analytics’ cloud-based software platform provides cognitive sourcing and quoting capabilities for electronics. This platform enables customers to realize up to 20 percent savings in direct material cost and reduces the time to get BOM costing from 1-2 weeks to less than 15 minutes. The tool also provides real-time monitoring of risks such as obsolescence and lead times.

Part Analytics strives to bring data-driven analytics to strategic procurement and engineering professionals to improve its customers’ profit margins.

EMS companies that supply circuit boards to OEMs typically spend 1-2 weeks gathering information on pricing, lead time 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, understanding risks and identifying cost-saving opportunities in the procurement process takes much time and effort and requires technical, commercial and domain experience.

Part Analytics’ SaaS-based platform addresses these challenges by integrating and enriching customers’ data to provide insights on 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.

OEM Spend & Risk Management: Part Analytics 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: Enterprise-wide view of parts used with commercial and technical data; search capability to promote part reuse across the enterprise

 • BOM IQ: Real-time insights on risks and savings opportunities at BOM level. For new BOMs, get BOM cost and risks along with mitigations in minutes

Part Analytics platform transforms direct material sourcing and quoting by digitizing manual processes based on excel spreadsheets and email.

• Category IQ: Enterprise-wide spend, savings, opportunities and risk tracking; market and community benchmarking data to enable data driven negotiations

• Executive IQ: Summary view of BOMs, spend, savings and risk by product, business unit or enterprise level; prioritized view of BOMs with highest savings and risk

 EMS RFQ and Risk Management: Part Analytics platform enables PCBA suppliers to generate quotes in minutes while proactively managing parts risks

• Part IQ: Get in-depth technical and commercial overview of any part; where used information and impact to all customers due to risk

• BOM IQ: Get BOM cost and risks along with mitigations in minutes; identify cost savings opportunities through alternates for your customers; real-time monitoring of risks and savings opportunities

Part Analytics is a unique, innovative company that provides numerous benefits to its customers including procurement, quote team and engineering. The company’s platform provides real-time visibility to risks such as compliance and availability along with mitigation recommendations. It also can uncover cost savings opportunities at the component, BOM and business levels. Additionally, the company’s quote team can generate a quote for a PCBA BOM in minutes that gives insights on risks and cost savings opportunities. Finally, the engineering team can get cost and risks on a prototype BOM and provide visibility on existing components used within a customer’s company.

Palasagaram concluded, “Part Analytics is here to help you improve your profit margin and work smarter by transforming your part selection, BOM management, spend management, commodity management, risk management and RFQ process.”

For more information about Part Analytics, contact Founder & CEO Jithendra Palasagaram at 300 N Executive Dr., Suite 103, Brookfield, WI 53005; 262-409-9879; E-mail: jithendrap@partanalytics.com; Web site: www.partanalytics.com.