Calculator and eBook for API Solutions to Streamline Procurement

Article By : Digi-Key Electronics

Digi-Key Electronics now offers a free eBook on the benefits of implementing API solutions, as well as a new ROI calculator...

Digi-Key Electronics announced that it now offers a free eBook on the benefits of implementing Application Programming Interface (API) solutions, as well as a new ROI calculator to see the return on investment that implementing APIs can deliver.

Digi-Key’s APIs have long provided a complete digital platform for customers to automate and streamline procurement processes while providing real-time product information to procurement, engineering and design teams.

These APIs are free to use, and digitally connect customers’ systems with the Digi-Key system to provide automated, real-time product search, price and availability, quoting and ordering, barcode, product change notifications and more. Customers who have utilized Digi-Key’s API calculator have seen an average of $50,000 to $100,000 in cost savings by implementing API solutions.

“Speed and access to information and data are critical in all forms of electronic product design and procurement, and an organization’s time-to-market can mean the difference between a successful and marginal product acceptance,” said Nathan Pray, senior digital product owner for Digi-Key. “Digi-Key’s API solutions provide a competitive advantage to customers by streamlining the purchasing process and enabling procurement, engineering and design teams to all receive critical real-time information on products they need at lightning speed because it’s automated through machine-to-machine connections.”

Using Digi-Key’s APIs and cloud-based procurement platform, Sonic Manufacturing Technologies has been able to automate 50% of its purchasing activity without adding staff. The team now focuses on more high-value activities such as selecting the best sources for the 60,000 line items the company buys annually; coordinating with engineering and design departments; and maintaining high customer service levels.

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