Digi-Key Electronics Introduces API Solutions Calculator and eBook to Help You Learn How to Streamline Purchasing and Save Costs

Thief River Falls, USA, Minnesota – Digi-Key Electronics, a global distributor of Electronic components, announced the launch of a free e-book detailing the benefits of importing application programming interface (API) solutions. At the same time, a new ROI calculator was launched to calculate the return on investment that can be obtained by importing the API.

Digi-Key is now launching a free eBook detailing the benefits of importing API solutions, along with a new ROI calculator for calculating the ROI of an API.

Digi-Key’s API has long provided customers with a complete digital platform that automates and simplifies the procurement process while providing real-time product information to procurement, engineering and design teams. Digi-Key’s API is free to use and digitally connects customer systems with Digi-Key systems, enabling automated real-time product searches with price and availability, quotes and ordering, barcodes, product change notifications, and more . For customers already using the Digi-Key API Calculator, importing an API solution can save an average of $50,000 to $100,000 in costs.

Nathan Pray, senior digital product manager at Digi-Key, said: “In all forms of electronic product design and procurement, fast and timely access to information and data is critical, and time to market can be the difference between a product’s success or a success. Where the grudging difference lies, as Digi-Key’s API solution automates through machine-to-machine connectivity, it simplifies the procurement process and enables procurement, engineering and design teams to receive critical real-time product information at lightning speed, allowing Customers gain a competitive advantage. Customers using Digi-Key’s API solutions are able to bring products to market faster and more efficiently, saving time and increasing revenue.”

After importing Digi-Key’s API, based in Fremont, CASonic Manufacturing Technologies completes the entire in-house process from board layout, prototyping and New Product Introduction (NPI) to full production in as little as 5 to 10 days. Such a rapid time-to-market requires a digital procurement strategy that not only streamlines the supply chain, but also supports good internal communication and collaboration. Sonic orders about 1 million parts a week to support its production line. Using Digi-Key’s API and cloud-based procurement platform, Sonic was able to automate 50% of its procurement operations without adding staff. The team is now able to focus on higher-value activities, such as selecting the best source for the 60,000 parts the company purchases annually; coordinating with engineering; and maintaining a high level of customer service. Using Digi-Key’s API and cloud-based platform, Sonic has reduced the cost of placing an order (total landed cost) from $40 to the current $9. While not every company can realize a 60% savings, even a 20% to 30% savings is a lot of money on a $400,000 annual purchase bill.

For more information on Digi-Key’s API solutions, visit the Digi-Key API Solutions Resources page. In addition, by reading this free eBook and using this ROI calculator, users can get a detailed estimate of the price and availability of importing Digi-Key, as well as how much they can save their company for a year by subscribing to the API.

About Digi-Key Electronics

Digi-Key Electronics, headquartered in Thief River Falls, Minnesota, USA, is a global, OEM, B2B full-service distributor of electronic components, offering prototyping/design and volume production from 800 More than 10 million products from multiple premium brand manufacturers, 2.2 million of which are in stock for immediate shipping. Over 99.5% of Digi-Key’s orders ship the same day, ensuring timely delivery. In addition, the company has introduced powerful EDI, API and XML solutions. For additional information or to inquire about Digi-Key’s extensive product library, please visit www.digikey.cn and follow us on LinkedIn and WeChat.