Growing Ottawa based Supply Chain Analytics & Services company – Lytica Inc., announced Monday, the release of their new free BENCHMARK REPORT designed for companies that use electronic components within their products.
“By uploading their costed BOM (Bill of Material) and AVL (approved vendor list) into Lytica’s secure website, a customer will receive a free BENCHMARKING REPORT – same day,” Lytica's president Ken Bradley, adding the report was designed to allow companies to assess their overall cost competitiveness and to scope out targeted cost savings available by commodity. The report also shows the cost impact of component duplication and; highlights a firm’s increased supply chain risk due to unnecessarily single sourced components.
“Because Lytica’s approach to benchmarking involves current real customer pricing – not published distributor pricing or internet aggregated pricing – customers get a true and accurate benchmark of how they stack up against the market. Lytica’s proprietary software built on statistical algorithms that identifies the outlier devices where the customer is paying too much relative to their attributes. The tool then predicts what a fair price should be.”
Mark Tayles, Lytica’s VP of Sales and Marketing, further commented. “Clients can now quickly access the cost impact from their most unfairly priced components, in terms of dollars and competitiveness. They can then decide to purchase our Gold Report that provides price targets down to component level granularity. Our current customers indicate success in achieving these predicted cost targets more than 70% of the time. The average ROI predicted by our analytic reports during 2013 was in excess of 400. This is one of the simplest and best investments any firm could make to help their bottom line.”
Lytica states that their analytic tools and methodology are universal, regardless of where a company operates in the ecosystem. Mr. Tayles adds, “Regardless of whether a company is an OEM, EMS or ODM; or whether their manufacturing strategy is EMS, or are vertically integrated. It accounts for whether a company’s channel of supply is direct or through distribution, and; regardless of what geography their materials are procured in. Everyone buys some components that have become pricing ‘outliers’. Lytica’s tools instantly identifies these, predicts fair pricing, provides alternatives and gives companies the detailed line item knowledge that, all too often, companies just don’t have the time and resources to gather.”
Companies interested in further information or running a free BENCHMARK REPORT can visit Lytica’s website @ www.lytica.com.
About Lytica Inc.
Lytica drives unprecedented levels of cost reduction for many of the world’s leading electronics OEM, EMS and distribution companies around the world. We are the developer of the revolutionary Freebenchmarking.com and other knowledge based power tools for supply management that have been proven to save our clients millions in procurement costs. Based in Ottawa, Canada and led by a team of seasoned supply chain, procurement, and engineering experts, Lytica specializes in component cost reduction, supply chain management, and supplier risk assessment. Lytica brings transparency to electronic component pricing and supply chain risk.