An electronic parts catalog is a crucial tool used within the supply chain to gain insights into demand, competitive pricing, and inventory for e-procurement.
Procurement involves sourcing, tracking, and verification of electronic components, requiring the organization of complicated data for an enormous number of specific parts, orders, suppliers, vendors, customers, and inventory.
Manually processing and managing the vast amount of data involved in procuring electronic components is an impossibly complicated task.
Should an order come through for a part that is temporarily out of stock or unavailable, a standard parts database would not provide information on acceptable alternative parts as designated by that particular customer.
By automating electronic component purchasing, companies can take a strategic and valuable step forward in tracking and managing available inventory in an electronic parts catalog.
With increased efficiency and insights into the up-to-date component and pricing data, manufacturers and distributors can win more business by providing customers with the support they need.
The Orbweaver Platform is the first and only provider real-time supply chain automation and integration solutions for distributors, manufacturers and contract manufacturers in the electronics industry.
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