Definitions to terminology relating to our products and the industry.
Approved Vendor List – Parts list specifying approved manufacturer and part number with a brief description.
Bill of Materials – A comprehensive listing of all subassemblies, components, and raw materials that go into a parent assembly, showing the quantity of each...
“A company should expect to pay for a specific electronic device a price commensurate with their Competitiveness within that particular commodity. This Competitiveness is the measure of...
Yes, there is a situation that the manufacturer breadth can be widely used across customers, but due to component shortages there is limited supply of...
The unique identifier that each company assigns to an individual part or MPN. Each company will reference an MPN with a differnt CPN. Example CompanyA...
The term competitiveness (price competitiveness) or LCI (Lytica Competitiveness Index) is used to define a quantitative parameter that is calculated based on a company’s spending. Price competitiveness is a statistically derived...
A contract manufacturer is a manufacturer that contracts with a firm for components or products. It is a form of outsourcing.
Electronic component distributors form a key part of the supply chain for providing electronic equipment manufacturers with the components they require.
Electronic Manufacturing Services is a term used for companies that design, manufacture, test, distribute, and provide return/repair services for electronic components and assemblies for original equipment...
End-of-life is a term used to indicate that a product has reached the end of its useful life from the vendor’s perspective. When a product...
An estimation of the annual quantity purchased of a particular part (electronic component).
Yes, this is from the end user’s perspective.
Lytica has assigned part type names to groups of similar components. These are referred to as Lytica commodities and are classified the at the super, major, super and sub levels....
A unique number that is issued by manufacturers to identify individual products. Normally, the MPN of a product is a series of numbers and letters.
A manufacturer is the company that owns the product brand, maintains control over its design and manufactures the component or has it manufactured under contract.
An original design manufacturer is a company that designs and manufactures a product, as specified, that is eventually rebranded by another firm for sale.
The company behind the “brand name” of a product that traditionally designed, manufactured, marketed, and provided customer support for their products. Increasingly, one or more...
Potential Spend is the amount of money that would be spent purchasing a component or group of components if 100% was purchases from the same manufacturer, supplier, or component.
A statistically derived ranking expressed as a percentile where 100% represents best in class spending performance. A 50th percentile company would be average, companies ranked...
Price Reduction % and Price Movement % have the same meaning although price reduction usually is associated with a lowering of a price. Price movement could go in either direction although price reduction could be positive...
Price reduction % usually is associated with a lowering of a price.
A single source procurement is defined as one in which two or more vendors or distributors can supply the product (MPN) required by the department, but...
Sole source refers to when only one supplier for the required item is available.
Spend is the amount of money spent purchasing a component or group of components. When a customer buys products they have choices of which supplier M manufacture or component they could buy....
Spend competitiveness by commodity examines the variation in component prices to “Best in Class” values. In these calculations, individual prices are used rather than client...
A supplier or vendor is the company that sells a component to a buyer. Suppliers could also be manufacturers if the sell products directly to customers but...