Miller Electric Mfg. LLC, a worldwide manufacturer of Miller brand arc-welding equipment, has partnered with Part Analytics, the direct materials supply-management platform that applies artificial intelligence to help global manufacturing companies reduce costs, identify hidden risks, and accelerate product development, to drive the digital transformation of its parts and supply chain operations.
“We are very happy to be chosen by Miller Electric, the world’s largest manufacturer of arc-welding products,” said Jithendra Palasagaram, founder and CEO for Part Analytics. “Part Analytics was created to help organizations overcome supply chain challenges and accelerate new product development, by digitizing sourcing processes, providing actionable insights on supply risk, cost optimization, and real-time access to global component availability.”
Part Analytics’ AI-powered Design for Supply platform is purpose-built by engineering and sourcing professionals for direct materials supply management. The platform digitizes manual processes in manufacturing supply chain and provides a comprehensive solution for cost optimization, supply risk management, and network collaboration.
“We were impressed with the power, speed and intelligent solutions provided by Part Analytics,” said Luis Velez, Strategic Sourcing & Supply Chain Director for Miller Electric. “The benefits we anticipate include proactive risk management, greater cost transparency and a streamlining of new product development.”
Miller Electric is a wholly owned subsidiary of Illinois Tool Works, a Fortune 500 global Industrial company that operates in automotive OEM, welding, construction products, test & measurement electronics, polymers and fluids, and specialty products industries.