About

Sourceability provides digital supply chain solutions specifically for the electronics industry. Its main product, Sourcengine, allows businesses to upload a Bill of Materials (BOM) and receive quotes from over 3,000 suppliers globally, making the procurement process easier and more efficient. This platform helps clients find competitive pricing and availability, especially during component shortages. Unlike many competitors, Sourceability focuses on digitalization and e-commerce, enabling clients to access a large inventory of electronic components while maintaining quality assurance. The company's goal is to address supply chain inefficiencies and component shortages, ensuring that businesses in the electronics sector can operate smoothly and effectively.

Simplify's Take

What believers are saying

• Global expansion, including a new facility in South Korea, positions Sourceability for increased market reach and growth.
• The recent appointment of Alon Balash as Senior Vice President of Revenue indicates a strategic focus on revenue growth and business development.
• Innovative tools like the Sourcengine Browser Extension and Excess Inventory Estimator streamline procurement processes and optimize inventory management for clients.

What critics are saying

• The resignation of CEO Jens Gamperl and acquisition by CrowdOut Capital may lead to strategic shifts and potential instability.
• The highly competitive electronics supply chain market requires continuous innovation to maintain a competitive edge.

What makes Sourceability unique

• Sourceability's Sourcengine platform offers real-time quotes from over 3,000 suppliers, providing a competitive edge in pricing and availability during component shortages.
• The integration of Datalynq with Cadence's OrCAD X Platform enhances decision-making by providing unparalleled market intelligence and analytics for over 1 billion parts.
• Sourceability's recognition as 'Outstanding Independent Distributor' and 'Outstanding Supply Chain Service Provider' by AspenCore underscores its industry leadership and reliability.

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