Challenges facing the electronic design industry include the supply-chain problems that can derail a project. These problems not only involve inventory shortages, they can also center around overstocking of components, causing cash-flow problems and storage pressures.
One of the approaches taken to address these issues is the MyChip1 tool, an online platform for electronic component sourcing that offers part-level data, market visibility, and real-time pricing insights. Such a tool can streamline workflows, reduce supply-chain risks, and enable more efficient development decisions
The ability to access comprehensive parts data helps navigate the electronic components sourcing market, providing key data like lifecycle info, PCNs, datasheets, and compliance details to manage parts or bills of materials.
A one-stop platform for supply-chain professionals, MyChip1 offers part-level parametric data with datasheets and PCNs, along with real-time visibility into franchise and open market availability and pricing. A simple part number search unlocks part-level data, real-time visibility into franchise availability, pricing, and assisted sourcing options, with real-time alternatives based on form, fit, function, and franchise recommendations.
In this video, we talk to Seth Marlatt of Chip1 on how the company is tackling inventory issues with its latest online tool.
