Purchasing: Do you Really Understand Pricing?

Since my company, Lytica Inc., introduced analytics based price prediction for electronic components, many major EMS and OEM companies have saved millions of dollars by applying this technology to their materials spending. As with the disruptive technologies described by Clayton Christenson in The Innovator’s Dilemma, those stuck like deer in the headlights clinging to a…

Lytica Spins off Supply Chain Unit as Silecta

With analytics and big data emerging as high growth market opportunities and Lytica’s component price prediction applications achieving a market leading position in analytics, Lytica’s Board of Directors elected to spin out Lytica’s consulting and services business into a new and separate company. Effective January 1, 2015, Silecta Inc., a newly formed corporation, began operations…