Digi-Key Unveils eBook on Benefits of Implementing API Solutions

- Advertisement -
  • Digi-Key has also unveiled an ROI calculator to see the return on investment that implementing Application Programming Interface (APIs) can deliver
  • The company informed that both the tools are free to use

Digi-Key Electronics, a global electronic components distributor, 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.

“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 successful and marginal product acceptance. 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,” said Nathan Pray, senior digital product owner for Digi-Key.

Connecting customers’ systems with the Digi-Key system

Digi-Key’s APIs, as the company informed, 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.

- Advertisement -

“Digi-Key’s 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.

The Digi-Key team informed that California, USA-based Sonic Manufacturing Technologies, has been able to automate 50 per cent of its purchasing activity without adding staff. Using Digi-Key’s APIs and cloud-based platform, Sonic’s cost to place an order (total landed cost), as per the company, was reduced from a previous $40 to a current $9.

“While not every company will achieve 60 per cent savings, even 20 to 30 per cent savings on procurement costs of $400,000 each year will result in significant savings,” read Digi-Key’s official statement

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Buzz

Rohde & Schwarz Joins Hands with Chemnitz Univ for R&D in Cybersecurity

0
Realizing this two-year cooperation project supports knowledge transfer, safeguards jobs and fosters the industry's independence: ipoque ipoque GmbH, a Rohde & Schwarz company, recently announced...

Rapido, RACEnergy Collab to Deploy Electric Autos in India

0
Battery-swapping tech-enabled e-autos will be deployed in Hyderabad and will be subsequently scaled to other Indian cities The partners termed it a revolutionary...

Aptiv Opens Technical Campus in Bengaluru to support OEMs

0
The $14 million state-of-the-art campus for its centre aims to accelerate the transformation to the software-defined vehicle Center will support OEMs in passenger...

Exclusive

Pandemic Boosted Organic LED (OLED) Tablet Penetration

0
Samsung, making OLEDs since 2014, leads the way Emerging tech and declining manufacturing costs making OLED popular Apple expected to bring OLED iPads...

India’ 22: Premium Segment Share Up by 11%; Overall Fall in Smartphone Shipments

0
Smartphone shipments fell 9% YoY in 2022 in India The premium segment brought 35% of total smartphone market revenue in 2022; Apple led...

ONE Raises $300 mn; Set To Launch LFP Cell Factory

0
Our Next Energy (ONE) raised $300 million in Series B equity led by Fifth Wall and Franklin Templeton Michigan-based energy storage technology company, Our Next...

Important Sectors

Rohde & Schwarz Joins Hands with Chemnitz Univ for R&D in Cybersecurity

0
Realizing this two-year cooperation project supports knowledge transfer, safeguards jobs and fosters the industry's independence: ipoque ipoque GmbH, a Rohde & Schwarz company, recently announced...

Rapido, RACEnergy Collab to Deploy Electric Autos in India

0
Battery-swapping tech-enabled e-autos will be deployed in Hyderabad and will be subsequently scaled to other Indian cities The partners termed it a revolutionary...

Aptiv Opens Technical Campus in Bengaluru to support OEMs

0
The $14 million state-of-the-art campus for its centre aims to accelerate the transformation to the software-defined vehicle Center will support OEMs in passenger...

SET Launches Solar Boost Tech for Water and Gas AMI Endpoints

0
Claiming the technology to be a game changer, the company said that it is environmentally durable and extends the endpoint battery to a 20-year...

Hit By Weak Smartphone Demand, Qualcomm Revenue Falls 12%

0
Qualcomm posted a downcast earnings outlook after the chipmaker was hit by the decline in the handset market. Semiconductor manufacturer Qualcomm reported a 12% decline...

Manufacturing

Infineon Beats Estimates With Stellar Q1 Results

0
The demand for chips by automakers has led to a steady rise in profits for Infineon. German semiconductor manufacturer Infineon Technologies topped estimates of its...

Honda, GM Partner To Develop Hydrogen Fuel Cell

0
The global hydrogen fuel cell vehicle market is estimated to generate $43,208.3 million by 2031. Japanese automaker Honda Motor Co announced that it would collaborate...

Adding The Edge In The Embedded Edge Market With SiMa.ai

0
SiMa in Hindi means edge, and that is exactly what this startup has brought to the embedded edge market. By integrating machine learning on...

Foxconn Hires Former Nidec CEO As Strategy Chief For EVs

0
Foxconn Technology group's latest hire has decades of experience in the automotive industry with names such as Nissan and Dongfeng Motors in his portfolio. Foxconn...
Bharat

Bharat Electronics Misses Profit Estimates For Q3

0
Bharat Electronics has declared an interim dividend of 60% payable to all the eligible shareholders holding shares as of the record date. Shares of Bharat...