Lytica

Our November State of the Electronic Components Market Report is now live 📈 Here are some highlights: 💲 Prices decreased by 8.29% in November, the largest price drop of 2024. 📉 Lead times saw an average decrease of 2.43%, with no commodities experiencing increases. 📊 Component availability jumped to 92%, matching the all-time high from August. Want to read more? Check out our full November Electronic Components Market Report below. https://hubs.ly/Q02_fpqQ0 #ElectronicsMarket #ElectronicComponents #Lytica

Reflecting on our recognition as one of the Top 150 Procurement Companies by Procurement Magazine for 2024 – it's more than just an award. It's a catalyst for continued growth and innovation. This acknowledgment highlights the incredible work of our team in transforming procurement from a traditional support function to a strategic powerhouse. We've been relentless in: - Implementing cutting-edge technologies that redefine efficiency - Embedding sustainability at the core of our procurement strategies - Creating value that extends far beyond cost savings Every recognition is a milestone, not a finish line. It challenges us to dig deeper, think bolder, and push the boundaries of what procurement can achieve. We're not just adapting to the future – we're actively designing it. To our dedicated team, visionary partners, and forward-thinking clients – this journey of innovation is just getting started. Check out the full list ➡️ https://hubs.ly/Q02_49r40 #ProcurementExcellence #InnovationMindset #BusinessStrategy

Electronics manufacturing runs on efficiency—and a strong Approved Vendor List (AVL) is your competitive edge. ⚡ Explore how an AVL drives success and how Lytica makes its creation and management seamless. Read more: 👇 https://hubs.ly/Q02Z-FrL0

🚀 Electronics Sourcing: From Afterthought to Essential As electronics play a bigger role in product development, their impact on procurement is undeniable. Are you prepared to navigate the complexities of this critical category? Join Ken Bradley, along with host Alastair Charatan from Business Reporter, and an expert panel on #SupplyChainTalk this Wednesday: 📅 Date: 4th December 2024 ⏰ Time: 4:00 PM – 4:45 PM Panelists include:   - Ken Bradley, Founder and Chief Strategy Officer, Lytica - Varun Narayanan, Global Category Director, Gilbarco Veeder-Root - Nanda Kishore, VP of Sourcing, Evoy - Luis Taraco, Indirect Procurement Sourcing Manager - NAM, Schneider Electric Discussion Highlights: ✔️ Best practices for navigating the volatile electronics market ✔️ Strategic insights to strengthen supplier relationships ✔️ Cost management techniques for this rapidly evolving space Save your seat now: https://lnkd.in/gE3rKqsv #ElectronicsSourcing #ProcurementInsights #SupplyChainInnovation

💲Not getting the prices you want from suppliers? It might be time to review your business terms and conditions. From payment terms to INCO terms and Vendor-Managed Inventory (VMI), contract details play a huge role in your costs. Understanding these elements can lead to better deals and more efficient pricing. We're breaking down the details 👇 https://hubs.ly/Q02YZ9Tt0

As TFEST24 by Future Insights Network wraps up, we’re reflecting on the powerful conversations and innovative ideas that emerged. From reducing costs with AI to driving sustainability, it’s clear that the future of supply chain is bright. Thank you to everyone who stopped by the booth and sparked new collaboration with us. If you missed us this year, please get in touch with Allan Place or James Hill to discuss how Lytica can empower your supply chain! #SupplyChainInnovation #FutureOfSupplyChain

Networking is in full swing on day two of #EUSCES by Executive Platforms! We’ve had a great time meeting with industry professionals and sharing how Lytica’s cutting-edge analytics tools can help you make smarter procurement decisions, reduce risk, and drive efficiency. If you missed us this time, make sure to connect with Fulvio De Santis and Nabil Skayem to discuss how Lytica can empower your supply chain! 🤝 #Procurement #SupplyChainTransformation #Lytica

We're here at TFEST24 in Berlin, where innovation meets responsibility by Future Insights Network. We are excited to connect with industry leaders and explore how technology can drive sustainability in supply chains. Make sure to stop by booth #12 today and tomorrow to connect with Allan Place and James Hill! #TFest24 #SustainabilityInTech #SupplyChainInnovation #LyticaInsightsCome

🎉 We are excited to announce that we’ve been recognized as one of the Top 150 Procurement Companies for 2024 by Procurement Magazine! This award recognizes industry leaders that have demonstrated exceptional innovation, resilience, and commitment to excellence in procurement practices. From driving sustainability initiatives to leveraging cutting-edge technology, they are setting the benchmark for success in our field. We’re proud to be part of a group shaping the future of our industry and look forward to continuing to shape the future of procurement! Check out the full list ➡️ https://hubs.ly/Q02XpW9d0

Our October State of the Electronic Components Market Report is now live 📈 Here are some highlights: 💲Prices increased by 4.85% in October, the first price increase since January. 📉 The big story in October is lead times, which saw an average increase of 27.90%, pushing year-to-date lead times to an average rise of 27.14%. 📊 Electronic component availability stays strong at 89%, perhaps the only welcome news for buyers in October. Want to read more? Check out our full October Electronic Components Market Report below. https://hubs.ly/Q02XnchD0 #procurement #sourcing #electronics #supplychainreporting