EKOR Tech GmbH - SourcingBot

Every smartphone consists of about 2000 electronic components. Manufacturers like Apple or Samsung have to purchase these components worldwide. The market for electronic components, with a value of 220 million $ is extremely expensive and risky. The high costs are caused by the intransparency of the market. High risks are hidden behind the danger of component shortages. In such cases, manufacturers like Apple cannot meet demand and thus lose customers. SourcingBot develop a revolutionary solution: an objective data and price comparison platform for electronic components. This will increase market transparency and allow smaller suppliers to enter the market, which in turn will reduce costs. Apple and other manufacturers can then compare all suppliers on the market and select the most suitable one. The mission of SourcingBot is to reduce material costs by 10%, which will result in a 20% increase in total revenue for all manufacturers.