The 2022 Best of Sensors Awards recognizes the most innovative people, companies, and products across 14 categories. Datalynq by Sourceability won in the Data Acquisition & Analytics category, presented at this year’s Sensor’s Converge Conference and Expo in June. Each award finalist is selected by a panel of industry experts.
The recent pandemic has disrupted supply chains everywhere, which has brought uncertainty to consumers and manufacturers alike. Datalynq addresses this problem by allowing businesses visibility into the supply chain of their electronic components.
Datalynq is a product case-management tool that helps companies manage the full lifecycle of their products, from assessing design risk to managing obsolescence issues. Major features include:
Current state and market intelligence that provide real-time inventory and transaction data for over 1 billion partsz
Predictive analytics and alerts that identify potential cost savings opportunities
Obsolescence case management and shortage monitoring tools to help identify and mitigate component risks for products that incorporate third-party components
Comprehensive product information that provides lifecycle status and technical specifications in one easy place
Using these functions, Datalynq combines five tools into one software suite:
Design Risk Score: This tool provides a complete picture of the risks involved with designing a part in-house. Insights include supply data as well as lead times
Market Availability Score: By compiling data from thousands of suppliers and analyzing historical trends, Datalynq can provide critical insights such as global market availability, pricing history, inventory fluctuation data, and market availability forecasts
Multi-Source Availability Score: To help further minimize supply risk, the Multi-Source Supply Chain Score provides component alternates information in real time, including for-fit-function (FFF) and function equivalent (FES) listings
Pricing Score: The Pricing Score provides weekly high and low transaction information on components as well as minimum order quantities
Inventory Trends Score: To help businesses gain more insight into component availability, the Inventory Trends Score compiles monthly in-stock data from over 3,000 distributors, suppliers, and third-party vendors around the globe
Taken together, all of these scores help provide a unique perspective on the risk profile of a particular product. With Datalynq, businesses that source electronic components can see whether a part ordered today will be delivered on time next week, or if it makes sense to select another component from the supplier. Datalynq’s lifecycle management and forecasting capabilities help businesses stay ahead of an uncertain, shifting supply chain. Sourceability offers full-access for 30 days free trial for anyone interested in exploring the power of Datalynq.
Sourceability is a global technology company whose mission is to support the needs of the electronic industry’s supply chain with a comprehensive suite of forward-thinking digital products and services by providing access to reliable technical and technology intelligence and enabling engineering sourcing for product design requirements. The company strives to build solid partnerships through strong teamwork, collaboration, trust, honesty, and respect between stakeholders and its 310 employees. Headquartered in Miami, Sourceability’s global reach extends to 19 locations spread across 12 different countries.
Read the complete list of finalists in the Best of Sensors 2022 Awards.