Webinar: Discover how to get better prices faster in your electronics negotiations

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Webinar: Discover how to get better prices faster in your electronics negotiations

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Webinar: Discover how to get better prices faster in your electronics negotiations

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Learn about your case from our frequent use cases

Luminovo offers solutions for diverse scenarios of your daily work along the electronics supply chain. See below for a list of our most frequent use cases.

Luminovo offers solutions for diverse scenarios of your daily work along the electronics supply chain.

See below for a list of our most frequent use cases.

Clean messy data spread across tools
Monitor PCBA risks
Obtain supply chain transparency
Gain control of product costs
Optimise PCB procurement
Boost supply chain collaboration

Clean messy data spread across tools

Clean-up master data

Manage parts library

Discover data jewels

Problem

Info spread across different systems like ERP, PLM and ECAD causes confusion, with duplicates and old data causing problems. Sometimes, links between data points go unnoticed, creating inefficiencies. The same part in different assemblies might have different internal numbers, potentially resulting in hidden and missed bundling opportunities and extra costs during procurement. If prices negotiated at different distributors aren't properly linked via IPNs, projects might end up using a pricier option instead of a cheaper one.

Solution

Our tool syncs data from ERP and other systems, ensuring accuracy. Through a one-time effort, all MPNs and IPNs are matched in our Part Library, preventing duplicates and enabling efficient bundling. Regular update syncs with ERP or PLM keep IPNs current, providing real-time insights into component usage. This not only helps navigate component obsolescence but also empowers smarter purchasing decisions by revealing the true demand and facilitating negotiations for better prices with suppliers.

Clean messy data spread across tools
Monitor PCBA risks
Obtain supply chain transparency
Gain control of product costs
Optimise PCB procurement
Boost supply chain collaboration

Clean messy data spread across tools

Clean-up master data

Manage parts library

Discover data jewels

Internal numbers across systems create duplicates

Info spread across different systems like ERP, PLM and ECAD causes confusion, with duplicates and old data causing problems.

Sometimes, links between data points go unnoticed, creating inefficiencies.

The same part in different assemblies might have different internal numbers, potentially resulting in hidden and missed bundling opportunities and extra costs during procurement.

If prices negotiated at different distributors aren't properly linked via IPNs, projects might end up using a pricier option instead of a cheaper one.

MPN-based part library connects systems

Our tool syncs data from ERP and other systems, ensuring accuracy.

Through a one-time effort, all MPNs and IPNs are matched in our Part Library, preventing duplicates and enabling efficient bundling.

Regular update syncs with ERP or PLM keep IPNs current, providing real-time insights into component usage.

This not only helps navigate component obsolescence but also empowers smarter purchasing decisions by revealing the true demand and facilitating negotiations for better prices with suppliers.

Clean messy data spread across tools

Clean-up master data

Manage parts library

Discover data jewels

Internal numbers across systems create duplicates

Info spread across different systems like ERP, PLM and ECAD causes confusion, with duplicates and old data causing problems.

Sometimes, links between data points go unnoticed, creating inefficiencies.

The same part in different assemblies might have different internal numbers, potentially resulting in hidden and missed bundling opportunities and extra costs during procurement.

If prices negotiated at different distributors aren't properly linked via IPNs, projects might end up using a pricier option instead of a cheaper one.

MPN-based part library connects systems

Our tool syncs data from ERP and other systems, ensuring accuracy.

Through a one-time effort, all MPNs and IPNs are matched in our Part Library, preventing duplicates and enabling efficient bundling.

Regular update syncs with ERP or PLM keep IPNs current, providing real-time insights into component usage.

This not only helps navigate component obsolescence but also empowers smarter purchasing decisions by revealing the true demand and facilitating negotiations for better prices with suppliers.

Monitor PCBA risks

Verify product compliance

Identify second sources

Monitor part availability

Anticipate part life cycles

Unmanageable component risks cause iterations

Electronic assemblies come with a number of challenges like compliance, life cycle, and supply chain risks.

Compliance risks, tied to regulations like RoHS and REACH, demand careful consideration to avoid costly redesigns particularly during product development but also over time as regulations can change.

The component life cycles bring volatility into assemblies, with components being discontinued unexpectedly, potentially leading to redesigns and increased costs.

Meanwhile, the supply chain is susceptible to rapid changes, which are particularly noticeable in the form of difficult procurement or long delivery times, demanding constant vigilance.

Always up-to-date information helps to take action on time

Our solution revolves around a dynamic and current database, ensuring proactive awareness of all assembly risks.

Predicting the end-of-life year for each part facilitates early identification of potential challenges.

Our alert function enables real-time tracking of assembly changes, empowering you to respond faster than market averages.

Market shifts in delivery times, stock levels, and prices are diligently monitored and compared against historical data, pinpointing areas requiring attention.

When alternatives are needed, our system provides intelligent recommendations, offering support during tough times in component procurement.

Obtain supply chain transparency

Get quotes for BOMs

Manage supplier base

Discover new suppliers

Relying on too few suppliers leads to suboptimal sourcing decisions

Many companies rely on a restricted supplier base for their PCBAs, resulting in non-optimal decision-making.

The significant effort needed to gather information from multiple suppliers is both time-consuming and economically impractical, limiting companies to only partial market insights.

This poses serious risks, especially when parts become scarce, prices soar, and existing suppliers struggle to meet demand.

The manual search for new suppliers or reliance on brokers becomes a cumbersome and costly process.

Automatically available supplier variety enables competitive quoting

Our software provides a game-changing approach to supplier diversity.

Access real-time information on list prices, contract prices, delivery times, and stock levels from a vast network of over 1000 suppliers, spanning PCB and parts manufacturers to distributors.

Take control with individual quotation requests to secure even more competitive pricing conditions from selected suppliers.

Our tool empowers users to efficiently manage their suppliers, gather essential supply chain insights from approved sources, and seamlessly evaluate and integrate new suppliers into their base for optimal flexibility and market resilience.

Gain control of product costs

Determine should-costs

Identify PCBA cost drivers

Calculate assembly costs

Calculate material costs

Neglecting costs in the design stage creates procurement issues

In engineering and procurement, knowing the cost of a new product becomes clear only after finalising the design and sharing data with suppliers.

This uncertainty, whether using external manufacturing services or managing their own, hinders early cost optimisation.

Changes of post-initial price indications cause delays and increased effort. To stay competitive, material and assembly costs must meet targets, but overlooking this in development complicates cost control for procurement.

Additionally, uncertainty about negotiated prices leaves potential savings untapped.

Instant cost indications allow mindful designing

Our tool empowers hardware engineering, cost engineering, product management, and procurement to swiftly determine precise PCBA costs.

By simply uploading BOMs and PCB designs, users receive instant indications on material costs and can calculate in-house manufacturing costs or estimate outsourced should costs.

Identifying key cost drivers enables focused efforts for further reduction.

This transparency aids product and engineering decisions on part selection and manufacturing settings, while providing procurement the insight needed to spot potential savings and guide successful data-driven negotiations.

Optimise PCB procurement

Get quotes for PCBs

Check PCB design violations

Provide proprietary PCB API

Unaccessible info on manufacturability and costs causes design violations

While PCB designs undergo extensive technical and functional optimisation, manufacturability and cost considerations often take a back seat due to limited accessibility to pricing and manufacturability information.

Design violations are frequently identified only after completion and submission to EMS or PCB suppliers.

Rectifying these violations at this stage is cumbersome, causing delays in product launches.

Alternatively, working around violations may result in higher assembly costs, or finding a new PCB supplier to meet design requirements entails additional time and resources.

Overall, the quoting process becomes lengthy and laborious for all parties involved.

Integrated PCB suppliers offer instant design testing

We integrate multiple PCB suppliers into our software, each detailing their manufacturing requirements in our tool.

Designs uploaded to Luminovo can therefore easily be tested for manufacturability against these requirements, facilitating quick identification of design violations.

This enables users to easily pinpoint PCB suppliers supporting their design or identify necessary design changes to align with specific suppliers.

Additionally, the tool allows for instant quotes on PCBs by simply uploading the design or initiating a manual quoting process, streamlining the whole process for efficient collaboration between along the supply chain.

Boost supply chain collaboration

Collaborate on customer projects

Operate branded PCB(A) webshop

Communicating across systems is slow and error-prone

Collaboration both upstream and downstream in the electronics supply chain is hampered by slow and error-prone communication relying on traditional methods such as email, Excel, and phone calls.

Initiating new projects involves back-and-forth communication between members of the supply chain prolonged by data silos leading to project delays.

Throughout a project, communicating necessary design or BOM changes is hindered, particularly when parts become unavailable.

Extending collaboration down the supply chain with distributors, partners, suppliers, and PCB manufacturers remains fragmented and cumbersome across all stages of a product's life cycle.

Luminovo unites all stakeholders and data

Luminovo offers a solution designed to unite stakeholders across the entire supply chain, fostering joint collaboration from designers and EMS providers to part suppliers.

Within the tool, health dashboards for individual BOMs can be shared internally and externally, providing stakeholders with real-time insights into product risks such as availability, compliance, and life cycle.

The commenting function facilitates seamless communication and collaboration on part selections, alternative approvals, and other relevant issues.

For a more comprehensive approach, Luminovo extends collaboration to inviting customers or suppliers, initiating quotation processes, issue resolution, and streamlining BOM and manufacturing cleanup efforts.

Interested? Let's talk.

Ask us anything during a live software demo.
Or check out a 5-min video of the most relevant features before.

Interested? Let's talk.

Ask us anything during a live software demo.
Or check out a 5-min video of the most relevant features before.

Interested?
Let's talk.

Ask us anything during a live software demo.
Or check out a 5-min video of the most relevant features before.