Lytica Description
Lytica is the only provider of electronic component spending analytics and risk intelligence based on real customer data. Our proprietary SupplyLens™, Pro platform is trusted by customers around the world. It enables clients to reduce costs and reduce supply chain risk. Only Lytica collects real data, anonymized and aggregated, from real companies. Lytica provides this data because it is a foundation platform that allows them to continuously improve their processes. This allowed us to create an electronic supply-chain model. This digital twin of the real-world allows Lytica to see who is buying from whom and how much (vertical markets and channels, geographies). Lytica will then be able to show you how you compare with your industry peers by commodity classification, and which areas you should focus on when you negotiate. The digital model gets more accurate as more customers join Lytica's community.
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