CIO Bulletin
Behind every product we use—whether it’s a medical device that saves lives, a smartphone that keeps us connected, or an innovative gadget that shapes the future—there is a supply chain working tirelessly in the background. Yet, this supply chain, especially in the electronics industry, has long been weighed down by inefficiencies. Procurement teams often struggle with scattered data, outdated spreadsheets, and manual processes that slow decision-making and limit visibility into risks.
This is where Part Analytics steps in with bold ambition and transformative technology. The company has become a driving force in reshaping the way manufacturers, suppliers, and service providers connect and collaborate. Its mission is simple yet powerful: to bring clarity, speed, and intelligence to procurement so that businesses can thrive in a complex and rapidly changing world.
Founded on the belief that collaboration is the future of procurement, Part Analytics has grown into a trusted name for electronics manufacturers and suppliers across the globe.
The Mission That Drives Change
The vision behind Part Analytics stems from a pressing need in the industry: the lack of a standardized, comprehensive source of information for direct materials. Without it, manufacturers and suppliers operate in silos, leading to inefficiencies and heightened risk.
Part Analytics is on a mission to change that narrative. The company believes that open collaboration between Original Equipment Manufacturers (OEMs), Electronics Manufacturing Services (EMS) companies, and suppliers is not optional—it is essential for the future. When these stakeholders share demand and supply data, manage costs together, and collectively limit risks, the industry as a whole moves forward.
Values That Define the Culture
Part Analytics is more than just technology; it is a company built on strong values that guide its every decision. Its team is open-minded, fostering creativity and welcoming ideas from all directions. Passion drives them to continually sharpen their skills and stay ahead of industry shifts. Curiosity fuels their relentless pursuit of improvement, while a customer-first mindset ensures that every innovation aligns with client success. Above all, fairness and inclusivity are embedded into the company culture, creating an environment where employees, customers, and partners thrive together.
This blend of innovation and human values makes Part Analytics not just a solution provider but also a true partner in transformation.
Transforming Procurement through Intelligent Solutions
Part Analytics offers a suite of powerful tools designed to simplify procurement and turn complexity into clarity. Each solution is crafted to save time, uncover opportunities, and mitigate risks in the electronics supply chain.
Part IQ: Comprehensive Data at Your Fingertips
With Part IQ, organizations gain instant access to a rich catalog of parts data, including cost, risk, availability, and lifecycle insights. The platform enables teams to identify alternates, encourage part reuse, and standardize components—driving efficiency while reducing risks associated with shortages or obsolescence.
BOM IQ: Accelerating Product Design
Bill of Materials (BOM) management is no longer a tedious spreadsheet battle. BOM IQ equips teams with real-time insights into product cost and supply risk, enabling faster iterations and informed decision-making. The result is accelerated time-to-market and significant savings.
RFQ IQ: Digitizing Sourcing Events
Launching sourcing events traditionally takes time and effort. With RFQ IQ, procurement professionals can digitize and streamline the Request for Quotation process, saving hours of preparation while improving collaboration and negotiation outcomes.
Category IQ: Smarter Spend Analytics
Category IQ introduces AI-driven spend analytics that benchmark supplier performance across commodities and sub-commodities. It allows businesses to optimize negotiations, automate pricing, and assess risks across regions, suppliers, and manufacturers—all from one platform.
Executive IQ: A 360-Degree Enterprise View
For decision-makers at the highest level, Executive IQ provides a consolidated view of spend and risk across the organization. It offers detailed insights into BOMs, suppliers, and product categories, highlighting where savings are possible and where risks must be addressed. This single source of truth ensures leaders have the clarity needed to guide strategy with confidence.
Shaping the Future of Procurement
Procurement today is no longer just about buying parts—it is about managing complexity, predicting risks, and enabling innovation. Part Analytics embodies this new vision, where data, collaboration, and technology come together to transform challenges into opportunities.
Part Analytics building the foundation for a smarter, more resilient tomorrow. Its journey reflects a simple but profound truth: when information is unified and collaboration is prioritized, the future of procurement is not just efficient—it is limitless.
Jithendra Palasagaram | Founder & CEO
Jithendra is the Founder and Chief Executive Officer of Part Analytics. He founded Part Analytics in 2019 after recognizing pain points in electronics procurement industry and designing elegant and effective systems to address them.
Prior to founding Part Analytics, Jithendra spent 13 years in engineering and procurement functions at GE Healthcare. Jithendra developed and executed strategy to digitize electronics spend management and get better visibility to spend and risk data across 4 different GE businesses and delivered $15MM in savings and proactively mitigated supply chain risk. Jithendra is passionate about procurement and supply chain management and has a keen sense for how technology can disrupt traditional silo-based procurement and strategic sourcing.
Jithendra holds a BS in Electronics & Communications Engineering from Bangalore University, an MS in Electrical Engineering from Auburn University, and an MBA from University of Chicago Booth School of Business.