Approved Vendor List (AVL)
Approved Vendor List – Parts list specifying approved manufacturer and part number with a brief description.
10 February 2022
Bill of Materials (BoM)
Bill of Materials – A comprehensive listing of all subassemblies, components, and raw materials that go into a parent assembly, showing the quantity of each...
10 February 2022
Bradley’s Law
“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...
10 February 2022
Client Part Number (CPN)
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...
10 February 2022
Competitiveness
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...
10 February 2022
Contract Manufacturer (CM)
A contract manufacturer is a manufacturer that contracts with a firm for components or products. It is a form of outsourcing.
10 February 2022
Distributor
Electronic component distributors form a key part of the supply chain for providing electronic equipment manufacturers with the components they require.
10 February 2022
Electronic Manufacturing Services (EMS)
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...
10 February 2022
End of Life (EOL)
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...
10 February 2022
Estimated Annual Usage (EAU)
An estimation of the annual quantity purchased of a particular part (electronic component).
10 February 2022
Lytica Commodities
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....
10 February 2022
Manufactuer Part Number (MPN)
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.
10 February 2022
Manufacturer
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.
10 February 2022
Original Design Manufacturer (ODM)
An original design manufacturer is a company that designs and manufactures a product, as specified, that is eventually rebranded by another firm for sale.
10 February 2022
Original Equipment Manufacturer (OEM)
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...
10 February 2022
Potential Spend
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.
10 February 2022
Price Competitiveness
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...
10 February 2022
Price Movement %
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...
10 February 2022
Price Reduction %
Price reduction % usually is associated with a lowering of a price.
10 February 2022
Single Source
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...
10 February 2022
Sole Source
Sole source refers to when only one supplier for the required item is available.
10 February 2022
Spend
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....
10 February 2022
Spend Competitiveness
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...
10 February 2022
Supplier
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...
10 February 2022