Part Analytics

What Part Analytics does

Part Analytics, Inc. is a privately held, AI-powered SaaS company founded in 2018 and headquartered in Milwaukee, Wisconsin. The company sells a strategic sourcing and supply chain management platform purpose-built for the electronics manufacturing industry, with product modules covering electronic component management (Part IQ, Part Availability Insights), Bill of Materials intelligence (BOM IQ), category spend and savings visibility (Category IQ), digitized RFQ and supplier negotiation workflows (RFQ IQ), letter of authorization management (LOA IQ), and executive-level dashboards (Executive IQ). The platform aggregates structured data from customer PLM and ERP systems (including a native Arena PLM integration), supplier inputs (CBOMs), and market intelligence sources to deliver component-level cost benchmarking, supply risk analysis, obsolescence/EOL forecasting, and shortage alerts that replace spreadsheet-heavy manual sourcing processes. The platform operates on structured BOM, component, pricing, lifecycle, and supplier data; AI is applied to predictive risk analytics, cost optimization, and process automation across the sourcing workflow.

The company targets two primary customer segments: Original Equipment Manufacturers (OEMs) that design and manufacture electronic products across industrial, medical, consumer, ag-equipment, and IoT verticals, and Electronics Manufacturing Services (EMS) companies that manage complex multi-OEM component supply. Named enterprise customers include Emerson, ITW (Illinois Tool Works), Hologic, GE Appliances, Moen, AGCO, Digi International, Miller Electric, Christie Digital Systems, MultiTech, and Plexus Corp., with reported outcomes including 70% reduction in critical component shortages (ITW), ~90% efficiency gain in quarterly pricing (Emerson), and 10X ROI in three months for a Fortune 500 manufacturer.

The business model is enterprise SaaS subscription with quote-based pricing, sold primarily through a direct field-sales motion targeting VP and Director-level supply chain, sourcing, and procurement executives. A free 2-week self-serve trial acts as a PLG-style entry point that can be implemented in hours. The company has raised approximately $4 million in total disclosed funding across rounds in 2017-2021, with the largest being a $3 million round in August 2021 led by MK Capital/Brookfield. Current headcount is reported at 1-10 employees, and the company holds no patents in the disclosed data set.

Name

Part Analytics

Legal name

Part Analytics, Inc.

Website

https://partanalytics.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

Part Analytics is an AI-powered SaaS platform for strategic sourcing and supply chain management in the electronics manufacturing industry, serving OEMs and EMS companies with BOM intelligence, cost benchmarking, RFQ digitization, and supply risk analytics.

Ownership category

akta.pro rank

Product category

Supply Chain Management Software

NAICS

Software Publishers (5132), Custom Computer Programming Services (541511)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Spend Analytics & Reporting Support (BPAAAJAJ)

akta.pro secondary industries

iBPMS (Intelligent BPM Suites) & Process Automation Suites (HDAEAHAG), CPQ (Configure-Price-Quote) & Quote-to-Cash CRM Extensions (HDAEAFAK), B2B SaaS & Enterprise Personalization (CRM, Sales, Support) (HDAAAGAJ)

Keywords

• Supply chain management software
• Electronic component sourcing
• Bill of materials intelligence
• Direct materials procurement
• Strategic sourcing platform

Headquarters

HQ city

Milwaukee

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations

Revenue model

1. SaaS Subscription: Part Analytics operates as a SaaS platform offering subscription-based access to its AI-powered sourcing and supply chain management tools. Customers can sign up for a free 2-week trial and convert to paid subscription plans. Pricing is quote-based and tailored to enterprise needs.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels7 records

Core offering

Part Analytics sells an AI-powered SaaS strategic sourcing platform for direct materials in the electronics manufacturing industry. The platform digitizes manual BOM, sourcing, RFQ, and supplier negotiation workflows; aggregates data across PLM, ERP, and supplier systems; and delivers real-time BOM intelligence, market availability, cost benchmarking, and supply risk analysis for OEMs and EMS companies. Customers access these capabilities through module-based products (Part IQ, BOM IQ, Category IQ, RFQ IQ, LOA IQ, Executive IQ) on a quote-based enterprise subscription.

Product overview

Part Analytics is an AI-Powered Strategic Sourcing Platform for Direct Materials, offered as a unified platform-plus-modules architecture. The core products include Part IQ (electronic components parts management), BOM IQ (cross-functional BOM insights), Category IQ (spend and savings visibility), RFQ IQ (digitized sourcing and negotiations), LOA IQ (authorization management), Part Availability Insights (automated part search), and Executive IQ (strategic dashboards). The platform also includes an Arena PLM integration. Together, these modules enable supply chain resilience and operational efficiency by digitizing manual processes, providing real-time market intelligence, and automating BOM analysis, cost benchmarking, and risk assessment throughout the product lifecycle.

Differentiator

Problem solved

Functional benefit

Products and services

• Part IQ Electronic components parts management solution that provides a combined view of cost, risk, and technical information, allowing sourcing and product teams to compare components and approved alternates to minimize design iterations.
• Part Availability Insights Automated part search and shortage-alerting tool that searches for all parts and alternative options on BOMs and part lists, catching potential disruptions earlier in the design process and setting up email alerts for shortage list items.
• BOM IQ Cross-functional supply and risk management intelligence tool that provides prioritized BOM insights in real time to drive savings, assess risk, and eliminate spreadsheet manipulation for design teams.
• Category IQ Category management solution that brings together information from internal sources, suppliers, and manufacturing partners to provide visibility to spend, savings opportunities, and supply risk across the portfolio.
• RFQ IQ Sourcing solution that digitizes manual RFQ processes, tail-spend management, and supplier negotiations, enabling configurable templates and automated bid analysis with dashboards.
• LOA IQ Letter of Authorization management solution for managing supplier authorizations and compliance documentation.
• Executive IQ Executive-level dashboard providing strategic insights and analytics for leadership decision-making across the supply chain.

Quantifiable outcome

• 97% efficiency gain in CBOM analysis and price compliance processes
• +6 more outcomes

Named customers16 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability5 records

Feature8 records

Partnerships

Five partnerships are on record, tiered core.

• Christie Digital SystemscoreStrategic or Co-development Partner · 1 January 2023Christie Digital Systems, a global audiovisual, content management, and image processing technologies company, selected Part Analytics to drive the digital transformation of its supply chain and build resilience. The partnership enables Christie Digital to gain visibility into electronics lifecycle management, optimize sourcing, and mitigate supply risk.
• Plexus Corp.coreStrategic or Co-development Partner · 1 January 2023Plexus Corp., a global leader in Electronic Manufacturing Services (EMS) providing complex product design, supply chain, manufacturing and aftermarket services, expanded its relationship with Part Analytics to manage supply chain disruptions and build supply chain resilience across its customer engagements.
• Miller Electric Mfg. LLCcoreStrategic or Co-development Partner · 1 January 2023Miller Electric Mfg. LLC, a leading worldwide manufacturer of Miller brand arc welding equipment, partnered with Part Analytics to drive the digital transformation of its parts and supply chain operations. The partnership helps Miller reduce costs, identify hidden risks, and accelerate product development.
• MultiTechcoreStrategic or Co-development Partner · 1 January 2023MultiTech, a company with over 100 million devices deployed worldwide producing sensor, authentication, and communication devices, partnered with Part Analytics to tackle direct materials supply management challenges and improve supply chain resilience.
• Arena PLMcoreTechnology or Integration · 1 January 2021Part Analytics has built an integration with Arena PLM that enables customers to ingest CBOM data from suppliers, integrate with their PLM system, and add market intelligence for cost optimization and risk mitigation insights. This integration is featured as a core product capability.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• SiliconExpert: Provides electronic component data, lifecycle status, and supply chain intelligence to OEMs and EMS companies. Directly comparable to Part Analytics' Part IQ, BOM IQ, and Part Availability Insights capabilities, with deeper component-level data heritage.
• Supplyframe: Offers component sourcing intelligence, BOM management, and supply chain analytics for electronics manufacturers. Now part of Siemens, it is the largest direct competitor in electronics BOM intelligence and part risk monitoring.
• LevaData: AI-powered direct-materials sourcing platform targeting similar OEM/EMS buyers with spend analytics, supplier risk, and should-cost modeling. Comparable in vertical focus and AI-driven negotiation support to Part Analytics' Category IQ and RFQ IQ.
• Resilinc: Supply chain risk monitoring and disruption intelligence platform with multi-tier supplier visibility. Overlaps with Part Analytics' component shortage detection, EOL risk forecasting, and supply risk dashboards.

Emerging players

• Z2Data (Cofactr): Provides electronic component lifecycle, regulatory, and supply chain data for OEMs and EMS companies. Comparable to Part Analytics' Part Availability Insights and BOM IQ for component-level risk and obsolescence tracking.
• Procurify: Mid-market procurement and spend management platform. Adjacent rather than directly competitive, but represents a path of expansion or competitive overlap if Part Analytics moves downmarket from enterprise.

Broad incumbents

• Octopart: Electronic component search engine aggregating distributor inventory, pricing, and datasheets. Owned by Altium, it overlaps with Part Analytics' Part Availability Insights and BOM-level part discovery workflows.
• Coupa: Large enterprise spend management platform covering direct and indirect procurement at scale. Represents the broader incumbent suite that Part Analytics must displace or integrate with for direct-materials workflows.
• Jaggaer: Enterprise procurement and supplier management platform with direct-materials sourcing capabilities. Competes for the same OEM procurement budgets as Part Analytics, though with broader horizontal scope.

Others

• Kinaxis: Supply chain planning and orchestration platform serving electronics and industrial OEMs. Adjacent rather than direct overlap, but competes for the same supply chain digital transformation budget at large manufacturers.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/partanalytics
• YouTubeyoutube.com/channel/UCQ_Us8HBcZQZ5eeq9ZRIPbA/featured
• Facebookfacebook.com/PartAnalytics
• LinkedInlinkedin.com/company/part-analytics

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds5 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Part Analytics