In Recent years the procurement and sourcing of electronic components, integrated circuits, and other semiconductors have started climbing the online innovation ladder.
Like any line of business before, late but safely, the sourcing is going through a transformation.
Led by the strong players in this market, official global distributors, who are afraid of each other innovating, as well as known models from similar markets that cut the middleman from the supply chain. Global distributors decided to open up.
API And Cart Functionality Is Widely Used By Startups In This Domain.
The main 2 trends leading here rely on the abundance of data. First, opening up API to search with availability and stock in real-time. 2nd is an open cart creation remotely so you can conclude a transaction on a different platform.
Both concepts are not a new concept and have been supporting marketplaces for a while in e-commerce. Companies like sourcingbot.com, Octopart.com, and findchips.com quickly took advantage of that. Companies like semikart.com and sourcability.com took advantage and are now creating 1 click purchase from multiple distributors.
But while access to data is not enough, because engineering and sourcing are changing. Changing in a way that electrical engineers are now doing a lot of the sourcing themselves, and have to focus on production available electronic components. Engineers need better data to make decisions, this will make the big shift needed in this market. SourcingBot.com is offering an API that involves not only price and availability but also technical specifications, product change notifications as well as 3d models, and other required information for working with your CAD software, this API provides cross-references that rely on proven models.
sourcing Bot now leads the API offering compared with even the service providers in the market such as siliconexpert.com and IHS Markit, now S&P Global, with a 1 API that does all, interconnected and easily approached and implemented.
Sourcingbot.Com Now Offers The Most API That Includes- Cross References, Product Change Notification, As Well As Deep Parametric Search Capabilities.
SourcingBot has built a mechanism to normalize and map part information in a tabular way. Until these days even large distributors like digikey.com struggle to normalize, maintain and compare data because there is no standard manner to test parts and naming conventions that can be easily maintained and enforced throughout the electronic manufacturing industry.
When the abundance of data is available machine learning and AI come in and make order in everything. This is how SourcingBot is able to provide the best available parametric data.