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 the best performance comes from companies in Area C. In that blog I stated, “The companies in Area C have tight management of their purchasing...

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 with leading universities on advanced AI research that underpins our technology platform. I am pleased to report that one of our researchers, Mark Traquair at...

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 the years we have seen our tool applied across all market segments and, like all tools, the results are best in the hands of craftsmen. As...

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 a reality. We are in interesting times and change is all around us but being aware of that doesn’t save us from its silent sneak attack....

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 PARTS. Lytica conceived of the index as an early warning signal for changes in materials availability.  In good times, our index is typically at 90%+...

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 so when viewed in an environment of extreme scarcity of material. Today, I have another thought that may help some of you and have created...

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 the USA and China and with the USA and Europe. It’s worth reading; however, if this was all there is in the land of trouble,...

Shortages: Three Extreme Mitigation Approaches

How Lytica became a unique analytics company: Part 19 The introduction of semi-autonomous vehicle demand coupled with the already growing smart phone requirements for passive components - particularly MLCC capacitors - has created significant shortage problems for EMS and OEM companies in the last year. This has caused a surge in prices for those lucky enough to secure supply and severe shortages for the less fortunate ones; most component users experience a combination of both. There appears to be an...

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 appeared in fewer publications) were associated with the same percentage of articles - about 70% - that could be considered to have a negative tone....

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 good way on many fronts. As mentioned previously, Lytica acquired the AI Consultancy team from Gnowit Inc. and their integration into the development team at our...