Makat utilizes generative AI and real-time data processing to streamline the procurement of electronic components for OEMs and CMs, enabling them to quickly identify available stock and secure optimal pricing. This approach addresses supply chain disruptions and excess inventory challenges, allowing manufacturers to reduce their supplier base while maximizing cost savings and operational efficiency.
Funding
$3.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Original equipment manufacturers (OEMs) and contract manufacturers (CMs) in the electronics industry face challenges in efficiently procuring electronic components due to supply chain disruptions, the need to manage excess inventory, and the time-consuming nature of sourcing and negotiating with multiple suppliers. This can lead to production stockouts, increased costs, and reduced operational efficiency.
Solution
Makat offers an AI-powered platform that streamlines the procurement process for electronic components, enabling OEMs and CMs to quickly identify available stock, secure competitive pricing, and optimize inventory management. The platform uses real-time data processing and automated supplier communication to collect, verify, and analyze stock information from a global network of suppliers. By providing a fully digital purchasing experience, Makat helps manufacturers reduce their supplier base, proactively navigate shortages, and turn surplus stock into cash flow. The platform's AI-driven supplier selection and validated comparison analysis ensure optimal sourcing decisions.
Target Audience
The primary target audience includes original equipment manufacturers (OEMs) and contract manufacturers (CMs) in the electronics industry seeking to optimize their component procurement process, reduce costs, and improve supply chain resilience.
Features
- AI-driven engine for real-time processing of stock availability and pricing from global suppliers
- Automated supplier communication for efficient data collection and verification
- Proprietary technology to screen online and offline databases for optimal stock identification
- Online client portal for easy access to sourcing and procurement data
- Validated comparison analysis to ensure competitive pricing
- Support for on-demand sourcing to prevent production stockouts
- Shortage management tools to proactively address supply chain disruptions
- Excess inventory liquidation services to convert surplus stock into cash flow
- Certified testing and QC processes to ensure component quality
- 24/7 customer support