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Data, Mastery and Culture: Part 3

There is a big difference between knowing an answer and implementing a solution that takes you to it. Many companies take our answers and the prices we predict and get exceptional results while others are less successful. In my blog, Data, Mastery and Culture: Part 1, I defined three observed areas of customer performance where […]

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DATA, MASTERY AND CULTURE: PART 2

In my blog Metamorphosis, I stated, “In 2017 we began our journey with artificial intelligence and in 2018 put in place powerful new core technologies that enable far more than we envisioned when we began. These core technologies are beginning to transform our company.” As part of this journey, we have been working in conjunction

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Data, Mastery and Culture: Part 1

When I conceived of Freebenchmarking.com, I believed that profiling material’s spending against real market prices would be a valuable metric for companies buying electronic components. When we added the ability to identify and quantify actionable savings at the component level, this metric transformed into an invaluable tool for cost management. That was our belief. Over

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Metamorphosis

How Lytica became a unique analytics company: Part 24 I have been absent from the blogging scene for a few months as I have been immersed in roadmap planning, budgets, customer visits and demonstrations of our technological capability. Oh yes, I have also been distracted by fundraising needed to make our company and product visions

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New Insights and Change

How Lytica became a unique analytics company: Part 23 Lytica’s analysis of industry wide e-component availability determined that the Materials Availability Index (MAI) stands today at 78%, ranging from a low of 33% to a high approaching 100% across commodities. It’s no wonder that Supply Chain managers now have only one goal in life: FIND

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Shortage Mitigation Revisited

How Lytica became a unique analytics company: Part 22 I have been thinking about shortages again and how one might improve their supply situation in these difficult times. In July, I posted a blog to scmroundtable.com titled “Shortages: Three Extreme Mitigation Approaches” where I suggested things that are somewhat “outside-the-box” for normal sourcing but not

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Humpty Dumpty

How Lytica became a unique analytics company: Part 21 “We are entering times of trouble”. This is the opening sentence in an article by Oliver Wymans’ partner, Armin Scharlach, titled “Procurement During Trade Wars – Competitive Advantage in Times of Trouble”[i]. ) His article looks at one’s ability to succeed with serious trade wars between

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A.I. Insights & Results

How Lytica became a unique analytics company: Part 18 Before Donald Trump entered politics, his name appeared in less than 0.1% of mainstream news publications. During the election, that number increased to about 10% and has now fallen back to around 5%. It is also worthy of note that both Trump and Hillary Clinton (although she

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Progress drives change

How Lytica became a unique analytics company: Part 17 I missed a cycle in my biweekly blog posting. This I understand to be a faux pas of herculean proportion for bloggers as continuity and consistency are critical to readers. For this, I apologize. I offer no excuses other than things have become very hectic in a

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