Andrew Williams, Director of Product Engagement, PRIDE Industries

As a software business servicing the electronics supply chain, CalcuQuote builds products and solutions based on the industry needs. In the last few years, the supply chain shortages have been prevalent in the electronics industry and CalcuQuote as well as our clients and partners have been no stranger to these impacts.

With the different CalcuQuote solutions from lead generation to systems integrations, electronic manufacturers and distributors can expect to reduce the tedious activities while allowing teams to focus on what matters most for their department.

An example of this is applying Machine Learning to Part Classifications in a Bill of Material (BOM). As most have experienced, manually classifying BOM can create inefficiency which can cause delays in production and disruptions in the supply chain. However, upon implementing an automated BOM classification system powered by machine learning algorithms, CalcuQuote partners and clients can experience swift and accurate categorization of BOMs.

This significant advancement has resulted in substantial time and cost savings for companies. Consequently, the supply chain has become more streamlined, enabling the company to expedite quote deliveries to customers beyond their previous capabilities.

We expect 2024 to bring continued need for automation to allow teams to focus on what they do best.