Peter Ring

CTO & Founder at Lexi Solution - Stockholm, Stockholm, Sweden

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Lexi Solution
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Lexi Solution logo, Lexi Solution contact details

Lexi Solution

Stockholm, Stockholm, Sweden • 11 - 50 Employees
Computer Software

Lexi Solution is a leading innovator in the digital transformation revolutionizing sourcing, supply chain management, and product design for electronics OEMs. Headquartered in Stockholm and with data operations in Malaysia, Lexi is an enterprise software company offering a cloud-based SaaS solution for leading global electronics OEMs such as ABB and Hitachi, in Europe, the USA and Japan. Lexi brings transparency to supply chain management with its unique cloud-based enterprise software solution, "MasterBOM," using machine learning to provide authenticated, accurate product details to OEMs. Lexi helps global enterprises improve gross margins by reducing direct material costs and avoiding supply disruptions by building robust, resilient supply chains. Lexi's AI-driven SaaS solution scrubs costed bills of material and product cost structure to ensure that all master material data is clean, correct and up-to-date, then harmonizes and enriches all component data and provides digital tools to derive business intelligence. Lexi's data-driven approach drives dramatic cost and risk reduction not possible with conventional methods with:• BOM-based spend data analytics for electronics products, from components through PCBAs through complete box-build• Component data management based on consolidated global spend – bringing structure and transparency to all technical, commercial and risk data in a searchable platform• End-to-end, multi-tier supply chain and supplier network planning and optimization throughout the product lifecycle from design through serial production, spares and EOL• Automation of sourcing and procurement processes including benchmark RFQs, new product should-cost estimation, quarterly EMS price changes and PPV analyticsLexi's cross-functional platform serves procurement, supply chain, engineering, operations, and finance organizations to make faster, smarter product design and sourcing decisions – making predictive COGS a reality.

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