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, […]
“A company should expect to pay for a specific electronic device a price commensurate with their Competitiveness within that particular commodity. […]
The unique identifier that each company assigns to an individual part or MPN. Each company will reference an MPN with […]
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 […]
A contract manufacturer is a manufacturer that contracts with a firm for components or products. It is a form of […]
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 […]
End-of-life is a term used to indicate that a product has reached the end of its useful life from the […]
An estimation of the annual quantity purchased of a particular part (electronic component).
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, […]
A unique number that is issued by manufacturers to identify individual products. Normally, the MPN of a product is a […]
A manufacturer is the company that owns the product brand, maintains control over its design and manufactures the component or […]
An original design manufacturer is a company that designs and manufactures a product, as specified, that is eventually rebranded by another firm […]
The company behind the “brand name” of a product that traditionally designed, manufactured, marketed, and provided customer support for their […]
Potential Spend is the amount of money that would be spent purchasing a component or group of components if 100% was purchases from the […]
A statistically derived ranking expressed as a percentile where 100% represents best in class spending performance. A 50th percentile company […]
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 […]
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) […]
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 […]
Spend competitiveness by commodity examines the variation in component prices to “Best in Class” values. In these calculations, individual prices […]
A supplier or vendor is the company that sells a component to a buyer. Suppliers could also be manufacturers if the sell […]