Producing hardware (including lighting) is a ball game of its own that only the very big players have managed to succeed in so far.
One of the reasons why it is so hard, is the difficulty of component sourcing. Significant price fluctuations and scarcity of supply deems it very difficult for small players to source components effectively enough, to get a competitive edge compared with the multinational mastodons.
One way to go around this, is to make better use of the data available. API integrations to component Exchanges and data scraping allows you to get previously unprecedented insights to the sourcing market, allowing you to foresee the development and potential stock outs earlier and adjust in time to secure critical components for your production.
If this sounds intriguing, reach out and let us help you to asses how your business could benefit from advanced analytics and new technological tools available in modern BI suitcase.
