The benefits and risks of outsourcing are well documented. Global sourcing, new acquisitions, product launches, all require unique responses. An OEM’s priority is to innovate and to run a profitable operation. Lytica’s suite of component price benchmarking analytics provides an inexpensive and fast methodology to ensure your cost base is competitive. Additionally our tools provide a platform to drive a repeatable cost reduction discipline.
Lytica’s tools provide:
|A characterization of an OEM’s competitiveness by commodity ‘spend’|
|Statistically derived price targets for the worst priced ‘outliers’ at the Client Part Number level|
|A detailed mapping of cost reduction opportunities due to ‘pricing duplication’ at the Client Part Number level|
|An identification of the risk associated with single sourced components and provides up to 5 alternatives|
For OEMs that are in an acquisition mode, Lytica’s M&A Synergy Savings Report provides a new method of predicting savings due to ‘spend economies’. This ‘pre’ and ‘post’ merger tool set helps the OEM’s newly combined supply chain teams – strategize and execute cost savings, faster than ever before.