Part Analytics has developed an AI-powered supply chain management platform, which enables manufacturers to quickly make fully informed decisions for large-scale component planning and procurement, particularly at the enterprise level.
This acquisition will enable the introduction of a component and parts management application into Altium’s highly efficient cloud-based collaboration platform, Altium 365, allowing the company to support new groups of customers in supply chain and procurement, including Electronics Supply Chain and Category Managers.
The acquisition also benefits Altium enterprise solutions, offering large-scale supply chain and procurement capabilities for enterprise companies, with a comprehensive parts catalogue across entire programs, a key component in delivering full Electronics Lifecycle Management.
“Altium’s acquisition of Part Analytics represents a further step forward toward our vision of a fully connected electronics value chain and Electronics Lifecycle Management system for enterprise organisations,” said Aram Mirkazemi, President of Altium. “Part Analytics will play an important role in our transformative pursuit of the electronics industry,” he added.
Part Analytics was founded by former GE HealthCare supply-chain leaders, who bring with them expertise in enterprise-level customers and their procurement requirements.
The company’s procurement application was built specifically for electronics to make supply chains more cost efficient, resilient, and agile, enabling more effective supply chain management.
By incorporating Part Analytics’ capabilities into Altium’s electronics creation ecosystem it will be able to support Altium’s Enterprise-level solution by adding an advanced fulfilment function to its current sourcing capabilities.
Jithendra Palasagaram, Founder & Chief Executive Officer at Part Analytics, said, “By joining Altium, Part Analytics’ electronics supply management platform will become part of a vast, connected electronics creation ecosystem in which customers can more efficiently execute design, sourcing, component acquisition, and lifecycle management through a single platform.”
