Bradley’s Law: Pricing Competitiveness Mirror Supply Chain Influence

A company should expect to pay for a specific electronic device a price commensurate with their Competitiveness within that particular commodity. This Competitiveness is the measure of how the supply chain sees the company – Ken Bradley, Founder & CTO, Lytica Inc. When Ken Bradley founded Lytica in 2005 as a consultancy practice, his primary…

Benchmarking: It Assures Better Pricing

Over the 4 years since Lytica Inc. launched our electronic component benchmarking tool set, we’ve concluded there are 4 reasons why companies don’t benchmark their electronic component expenses for competitiveness. There are assumed to be four reasons why companies don’t benchmark component prices. These are: Comfortable with the status quo Believe they are getting great/better…

Wanted: A Few Good Lean Benchmarking ‘Sensei’

To companies focused on operational excellence, Lean Principles and the discipline of Benchmarking are considered two complimentary and indispensable tools toward achieving world class performance. Getting Lean is all about identifying and getting rid of waste, where waste is defined as any non-value adding step that customers are unwilling to pay for. Benchmarking is a…

Disregard Price Benchmarking at your Own Risk

Not benchmarking your electronic component spend? If so, continuing to disregard this critical diagnostic at your own risk. Quick. Name 1 inherently deflationary commodity. A commodity that, apart from the ebbs and flows due to supply and demand, always gets cheaper. The broad answer is electronics; more specifically – an integrated circuit (IC).  This month marks…